Showing entries tagged with: Multifamily

January 5, 2023

UNHP Multifamily Buildings Ready for the Solarverse

by UNHP
Just in time to celebrate our 40th anniversary, UNHP is happy to announce that our long-desired goal of installing solar panels in our affordable multifamily buildings is finally in reach thanks to a combination of low-cost programs, tax incentives, and our continued persistence in pursuit of increased sustainability. Seven buildings will move forward with solar in 2023.
December 19, 2022

2022 BIP Data Reveal Uncertainty and Changes in NYC Multifamily Real Estate Market

by UNHP
On December 15, 2022, 75 individuals representing 25 banks participated in UNHP's Annual Multifamily Lenders Meeting. UNHP shared the data from our historical Building Indicator Project (BIP) database that tracked a dip in sales values and a rise in distress in multifamily buildings.
September 8, 2021

This Is What We Do: UNHP & Mission - A Series of Virtual Events and Annual Fundraiser

by UNHP
"This is What We Do" is a series of events that illustrate the unique ways that UNHP works towards its affordable housing and Bronx community service mission as well as an effort to raise funds for that work through sponsorships and donations. Click on this post to learn about the events we have planned and how you can take part.
July 21, 2021

This is What We Do: Affordable Housing Preservation: Building Operators Meeting

by UNHP
For the third event in our virtual series and fundraiser, This is What We Do, UNHP brought together 31 Bronx housing operators from 12 organizations to discuss the issues that affect the housing they oversee to understand trends and emerging issues that jeopardize affordability. It is also What We Do to escalate these issues and seek to address the policies behind the issues. Read the full summary to learn more.
May 12, 2021

A Year into the Pandemic: Affordable Housing Faces Challenges, Old and New

by UNHP
As we all continue to deal with the fallout from the pandemic, UNHP has been monitoring the effects on the multifamily housing world. In April of last year, we published a few posts hypothesizing about what we thought might happen in the multifamily affordable housing sphere. Now, we are taking stock of how our portfolio has been affected - what has helped us weather unexpected financial challenges and what is concerning us as we move forward.
January 4, 2021

Eviction Protections in a Pandemic

by UNHP
Job losses and reduced incomes amid the Covid-19 crisis have placed many US families at risk of eviction when safe housing is more important than ever. In this blog post, UNHP looks at the various national and state eviction protections as well as data from the Office of Court Administration better understand what is going on with Housing Court and evictions in the Bronx and NYC.
October 21, 2020

Summary of UNHP 2020 Affordable Housing Webinar & Replay

by UNHP
The UNHP 2020 Affordable Housing Webinar & Fundraiser was held on Tuesday, September 22nd, and attended by over 100 viewers. A summary and a replay link can be found in this blog post. The webinar explored issues raised during this COVID-19 crisis - specifically the effect it has had on the NYC housing market - and what we think needs to happen as we move forward to ensure an equitable recovery.
August 6, 2020

Annual BIP Meeting - NYC Real Estate Market in the Pandemic

by UNHP
On July 28th, UNHP held its annual Building Indicator Project meeting. Jacob Udell, Data and Research Coordinator, presented for UNHP about trends in the housing market. Elizabeth Oakley and Kim Darga from HPD discussed the importance of preservation and different tools HPD has to bolster affordable housing in NYC. Click to read a summary of UNHP’s presentation.
June 2, 2020

Bronx Reality before Covid is Manifesting Devastating and Deadly Consequences

by UNHP
Well-documented long-standing income, racial and ethnic disparities as well as health issues in the Bronx led to a disproportionate number of cases in the borough. 
April 16, 2020

Trends in Bronx Housing Finance through COVID-19

by UNHP
In this post, we will focus on financing trends among owners and investors in private, rent-stabilized housing in New York City. Below is an attempt to capture some of the changes in the housing finance landscape over the past number of months and particularly since the beginning of the current public health crisis. Without predicting the future, we hope to raise a number of questions as to where that market is headed and how tenants might be affected, with an emphasis on data and  examples from the Bronx. 

“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