Update
LETTER FROM THE PRESIDENT & CEO
Affordable Housing Faces the Challenge of Climate Change
This is our first Housing Partnership Newsletter since the start of the pandemic, and its content shows how busy we have been, with new challenges added to our enduring goal of increasing affordable housing opportunities for New Yorkers. The task of the affordable housing community was complicated by the COVID pandemic and by the impact of climate change on all New Yorkers, especially the most vulnerable among us.
We have been evaluating how to ensure that our strategic priorities respond to ever-changing community needs. The Housing Partnership’s Board of Directors and staff reviewed how we can best address affordable housing development and preservation objectives in an era of climate change, while advancing adequate housing in the context of social equity. As detailed in these pages, as a major step in mitigating energy costs in affordable housing, the Housing Partnership established HP Sustainability Solutions, headed by Esther Toporovsky, who joined the Housing Partnership from Enterprise Community Partners …
SUSTAINABILITY UPDATE
HP Sustainability Solutions—At The Intersection of Affordable Housing and Climate Change
In 2020 the NYC Housing Partnership established HP Sustainability Solutions (HPSS) as an evolution and expansion of the Housing Partnership’s traditional role of facilitating the creation of affordable housing in New York as an intermediary between public private partnerships …
MARKETING UPDATE
Eight New Affordable Homeownership Developments in Marketing Phase at the Housing Partnership
The Housing Partnership’s Marketing and Compliance team is currently marketing eight affordable home ownership developments, a mix of co-ops, condominiums and two and three family homes. Two of the developments are co-operatives located in Manhattan. Affordable homeownership opportunities in the borough are rare, so the huge response from potential buyers was expected …
SUSTAINABILITY UPDATE
How Multi-family Affordable Housing Portfolio Owners Can Utilize Solar to Comply with Local Law 97
New York City has taken some of the most ambitious steps to mitigate climate change of any city in the nation. As these measures phase in, owners and developers of multifamily housing are required to significantly alter their development processes to meet these new climate goals. Potential fines for noncompliance will be onerous. Building emissions limits will start to take effect in 2024 …
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