Showing entries tagged with: multifamily

November 4, 2019

To Stop Displacement, Disclose the Data! by Guest Blogger Gregory Jost

by UNHP
The NWBCCC Reinvestment Project and UNHP are featured in this essay by Gregory Jost, a former UNHP staff member, and valued colleague. The essay was originally published by Urban Ominibus and developed out of Greg's research for a book on redlining in the Bronx. It demonstrates how data was an important organizing tool in the early days of the Community Reinvestment Act and remains important today as displacement and speculation threaten the Bronx and other low-income neighborhoods in NYC.
June 22, 2019

Trifecta has UNHP Buzzing!

by UNHP
UNHP is still buzzed from our Reclaiming Our Community Thru Affordable Housing, Art and Services Day on June 19th. The trifecta of events included a luncheon and information session for building operators, a ceremonial ribbon cutting at the mural created by The Royal KingBee and a well-attended Community Resource Fair.
June 4, 2019

Have you heard the latest BuZzz?  Artist Kingbee Bee-utifies UNHP Buildings

by UNHP
Noted NYC street artist The Royal Kingbee created colorful bee-themed murals to beautify two of UNHP’s affordable housing buildings.
June 2, 2017

Preferential Rents: Benefit or Threat? // Views from the Northwest Bronx

by UNHP
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

6.2M BIP Data Points; More Needed to Improve NYC Rental Housing // Views from the Northwest Bronx

by UNHP
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

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.

“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