by on April 19, 2018
549 NYCHA-owned playgrounds have hazardous conditions and lack of repair and maintenance records. On April 4, 2018, Comptroller Scott M. Stringer released an audit of New York City Housing Authority playgrounds’ conditions and maintenance. NYCHA is responsible for the maintenance of each development’s playgrounds. Results from playground inspections are required to be entered into NYCHA’s electronic system for tracking maintenance and physical repair work. However, the Comptroller’s audit shows ...
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by on April 16, 2018
In March, Governor Andrew Cuomo stood in front of a public housing building for the first time in recent memory and told reporters that “the residents’ rights have been abused, period.” On the request of the tenants themselves, he had just toured one of the decaying apartments in the Bronx in a building managed by the New York City Housing Authority (NYCHA), an institution that has been plagued with budget shortfalls and mismanagement for years. “The unit is crumbling around them, and it is disg...
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by on April 15, 2018
Diandra Oquendo took it upon herself to plug holes in the floor where rats entered her Bronx apartment. Twin brothers with identical eye-popping salaries have been double-dipping off their nonprofit that provides housing to the city’s homeless — even as their clients suffered poor service and have been blindsided by eviction notices. Mark and Solomon Lazar, the sons of Joseph Lazar, a former political ally of Mayor de Blasio, each make $240,000 a year as the top executives of the Brook...
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by on April 11, 2018
In cities like Jacksonville and St. Louis, maps of mortgage approvals and home values in black neighborhoods look the same as they did decades ago, before the passage of the landmark fair housing law. “Sue the bastards.” That was the slogan adopted by the National Neighbors advocacy campaign for fair housing in 1970, two years after Congress passed the Fair Housing Act. At long last, black home buyers and renters were able to seek and find justice in the courts, in part because it was ...
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by on April 6, 2018
An investor group including Kushner Cos. is set to receive a loan of about $600 million from JPMorgan Chase & Co. to build a residential tower in Brooklyn, New York. About 95 percent of the planned development project is owned by CIM Group, a private Los Angeles-based investment firm. The remainder is owned by Kushner Cos. and LIVWRK, a developer that has frequently partnered with the family company of Jared Kushner, son-in-law and senior adviser to President Donald Trump. The two smaller own...
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by on April 3, 2018
Gov. Andrew M. Cuomo declared a state of emergency at the New York City Housing Authority on Monday and ordered an independent monitor be appointed to oversee and expedite repairs to the agency’s deteriorating buildings, where 400,000 New Yorkers live. The executive order was the latest salvo in an escalating conflict between the governor and Mayor Bill de Blasio’s administration over the management of the beleaguered housing authority, the largest in the country. Gov. Andrew M. Cuomo,...
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by on March 22, 2018
New industrial modern loft building for Bronx area scarce with residential options. On March 14, 2018, the City Planning Commission held a hearing on the Willow Avenue Rezoning application. The applicant, Markland 745 LLC, seeks to develop a mixed-use, mostly residential building on Willow Avenue between East 133rd and East 134th Street in the Port Morris section of the Bronx. The property is currently occupied by a three-story commercial office building and a single-story warehouse. The c...
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by on March 20, 2018
Ground has been broken on a historic new co-op. Habitat for Humanity, the developer Almat Group, and the city’s department of Housing Preservation and Development are teaming up to build Sydney House, an affordable 56-unit co-op in the Williamsbridge section of the northern Bronx, PRWeb reports. It will be the largest multi-family development ever built by a Habitat for Humanity affiliate.  History is about to be made on this humble vacant lot in the Bronx (image via Google Maps)....
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by on March 19, 2018
When the Kushner Cos. bought three apartment buildings in a gentrifying neighborhood of Queens in 2015, most of the tenants were protected by special rules that prevent developers from pushing them out, raising rents and turning a tidy profit. But that’s exactly what the company then run by Jared Kushner did, and with remarkable speed. Two years later, it sold all three buildings for $60 million, nearly 50 percent more than it paid. Now a clue has emerged as to how President Donald Trump’s...
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by on March 15, 2018
Project Destined teaches kids how to value and finance local apartment buildings, and then given the opportunity to share in real profits from those properties. How do you get inner-city kids off the streets? Give them a vested interest in those streets and a stake in the property around them. That is the philosophy behind a new program that teaches teens financial literacy through investments in real estate. Kids are taught how to value and finance local apartment buildings, and then ...
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by on February 28, 2018
In a lawsuit, tenant leaders representing the 400,000 people living in public housing have asked a judge to appoint an independent monitor to oversee the New York City Housing Authority because it has failed to provide heat and hot water, keep residents safe from lead, involve tenants in policymaking and hire residents, as required by federal regulations. The lawsuit was filed Tuesday in State Supreme Court in Manhattan by the Citywide Council of Presidents, a group of tenant leaders chosen b...
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by on February 22, 2018
A Bronx-based affordable housing developer scooped up three parcels in the borough’s Belmont section for roughly $4 million to build a 120,000 s/f, environmentally-conscious senior assisted living facility. Foxy Management first nabbed the anchor parcel at the corner of Arthur Avenue and 179th Street for $2.1 million in an off-market sale, then picked up the two neighboring properties at 612 East 179th Street and 2010 Arthur Avenue as well as some of the adjacent air rights. Guy Vardi ...
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