Showing entries tagged with: Multifamily

July 20, 2016

Multi-Family Water Assistance Program On Hold

by UNHP
On June 22, 2016, the Manhattan Supreme Court invalidated the Water Board’s resolution approving a new rate schedule set to go into place July 1, 2016. Water and sewer rates will remain the same pending the outcome of the appeal. Unfortunately, the Multi-family Water Assistance Program, and its $250 per unit credit, will not be offered until the Court action is resolved.
June 30, 2016

Temperatures Up In The Bronx - But Our Buildings Stay °Cool

by UNHP
Working with Sustainable South Bronx and its partners, UNHP was able to support local employment efforts, seal the roofs on 13 of our affordable housing buildings and reduce building energy consumption through the NYC °CoolRoofs Program.
May 23, 2016

Water Board Approves $10M Towards Credit for Affordable Housing

by UNHP
On Friday, May 20th, 2016, the New York City Water Board approved the lowest rate increase in 16 years, but the big news for affordable housing is that they also created a credit of $250 per apartment for affordable multifamily housing. The New Multi-Family Water Assistance Program will provide a total of $10 million of assistance to properties serving as many as 40,000 units.
May 3, 2016

DEP Proposes a Preferential Rate for Affordable Housing

by UNHP
On April 8th, the Department of Environmental Protection (DEP) proposed a 2.1% increase to the NYC Water Board as well as a new program with a preferential rate for affordable housing projects. UNHP, a long-time advocate for water and sewer rate reform, called for an Affordable Housing Cap Rate last year at the Water Board public hearings and is pleased the DEP has proposed a special program and looks forward to the program rolling out in July.
March 8, 2016

​Multifamily Lenders Gather to Review Distressed Properties and Rising Sales Prices

by UNHP
On February 23, lenders, non-profit, for-profit and HPD representatives squeezed into the conference room at the offices of Enterprise Community Partners to listen to UNHP's latest update on the Building Indicator Project (BIP) as well as income and pricing trends in the Bronx.
November 24, 2015

Low Incomes and Rising Rents Put Bronx Residents at Risk for Homelessness

by UNHP
For most Bronx residents, affordable housing means the housing that they live in now, but many Bronx residents are on the verge of becoming homeless; struggling to get by, facing high rent burdens and compensating through overcrowded living situations.
October 28, 2015

City Liens Are an Issue in Many NYC “HOODs”

by UNHP
UNHP created the Home Ownership Database (HOOD) to reach out to homeowners of 1-4 family homes who have fallen behind on their City liens, such as water and sewer bills, and tax liens. A recent look at the data reveals that neighborhoods as different as the Upper East Side and Jamaica, Queens have much in common when it comes to delinquent City liens.
April 28, 2015

FBCS Childcare Providers Graduate to Business Success!

by UNHP
On Wednesday, April 22, 2015, twenty-five home-based childcare providers graduated from the inaugural class of the Northwest Bronx Childcare Entrepreneurship Program. The 40 hour business growth program was offered by NYC Department of Small Business Services (SBS) in partnership with Citi, the University Neighborhood Housing Program (UNHP) and Fordham Bedford Community Services (FBCS).
March 9, 2015

Housing as Home and Commodity: Part 2

by UNHP
Housing, especially rental housing in New York City, exists with two purposes: to provide homes for people and families, and to be bought, sold and rented as commodities. Today in Part Two, we focus on prices and profitability of housing from the investor side, and a huge surge (perhaps another bubble) in the market.
March 5, 2015

Too Busy to Brag

by UNHP
Our blog has been a little quiet in 2015 and no we have not been hibernating – we have been so busy preserving distressed multifamily housing and delivering a wide range of financial services in the Northwest Bronx that we have not had time to brag about it!

“UNHP has emerged as a thought leader on multi-family housing distress-a key issue facing all boroughs of New York City.”

— Rafael E. Cestero - President Community Preservation Corporation and former NYC Housing Commissioner