New York City Department of Housing Preservation & Development

January 18, 2022- Governor Kathy Hochul presents fiscal year 2023 Executive Budget in the Red Room of the Capitol.
Politics & Real Estate
New York City

Real Estate Optimistic About New York’s 421a Tax Changes

By Celia Young
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Big affordable projects like La Central in the South Bronx may be delayed after the City Council cut the budget for the city's housing department.
Design + Construction  ·  Construction
New York City

Affordable Developers Worry About Building More Housing Amid Budget Cuts

By Rebecca Baird-Remba
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Finance  ·  Refinance
New York City

Capital One Refis Upper Manhattan Apartment Building With $46M HUD Loan

By Matt Grossman
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TF Cornerstone is developing a new mixed-use project in Long Island City.
Finance  ·  Construction
New York City

TF Cornerstone Nabs $707M Financing From HPD for LIC Assemblage [Updated]

By Mack Burke and Matt Grossman
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90 Sands Street.
Finance  ·  Acquisition
New York City

Developer Nabs $157M in Financing for Former Jehovah’s Witnesses Building in Brooklyn

By Matt Grossman
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The Paul Robeson Houses. Photo:
Sales  ·  Residential
New York City

LIHC Investment Group Buys Harlem Buildings for $17M

By Nicholas Rizzi
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975 Tiffany Street.
Finance  ·  Construction
New York City

Bronx Affordable Housing Developers Nab $55M in Construction Financing

By Rebecca Baird-Remba
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A rendering of The Grand.
Finance  ·  Construction
New York

Thorobird Wins $65M in Public Bonds for Bronx Supportive Housing Plan

By Matt Grossman
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The proposed redevelopment of the Bedford Union Armory in Crown Heights will include rentals, condos and a rec center.
Design + Construction  ·  Urban Planning
New York City

Controversial Bedford Union Armory Project Gets City Council Approval

By Rebecca Baird-Remba
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Scott Metzner of Janus Property Company in his office at 423 West 127th Street in Harlem. PHOTO: Robert Paul Cohen for The Commercial Observer
Players
Manhattan

Meet Scott Metzner, the Developer Who’s Transforming Industrial West Harlem

By Rebecca Baird-Remba
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Governor Cuomo. Photo: Chris Hondros/Getty Images
Design + Construction  ·  Policy
New York City

Albany Resurrects the 421a Tax Exemption

By Rebecca Baird-Remba
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Several Brooklyn neighborhoods qualify for the loan facility. Photo: Kaitlyn Flannagan/Commercial Observer.
Finance
New York City

Goldman, Community Preservation Corp. Line Up $70M Loan Facility for Affordable Housing

By Danielle Balbi
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