Showing entries tagged with: multifamily
June 4, 2019
Noted NYC street artist The Royal Kingbee created colorful bee-themed murals to beautify two of UNHP’s affordable housing buildings.
June 2, 2017
The use of preferential rents—negotiated rents that are less than the legal rent— has become more prominent recently as an issue for tenants, in the news and in Bronx set-up sheets for multifamily building sales. In this piece, UNHP aims to discuss how preferential rents, once considered a benefit to tenants, could undermine the financial stability of multifamily buildings and its lenders as well as threaten the tenancy of Bronx residents - 70 percent of whom are already vulnerable to displacement.
May 10, 2017
The UNHP Building Indicator Project (BIP) is a database that leverages public data to gauge distress; it currently captures demographic data, housing and building code violations, and several city liens from municipal agencies for over 62,000 properties with five units or more in all five boroughs; amounting to a staggering 6.2 million data points. Still, more information is needed to ensure distressed buildings are identified and improved.
July 20, 2016
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
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
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
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
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
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
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.