NEW YORK CITY—As the industry eagerly awaits word on changes to affordable housing rules and ratios under Mayor Bill de Blasio, the city's Department of Housing Preservation and Development has created a new division that will focus on planning and running the forthcoming mandatory inclusionary zoning program, according to Crain's New York Business. HPD commissioner Vicki Been also pledges to cut red tape that could shave months off the time it takes to complete affordable projects.

The new unit, called Neighborhood Strategies, will be led by Daniel Hernandez, a onetime executive at affordable-housing developer Jonathan Rose Cos. Hernandez' division will take over planning duties, which include preparations for large-scale projects and working on land-use review applications. The new unit also will run the city's forthcoming mandatory inclusionary housing program, which will require developers who gain the right to construct a larger building through either a neighborhoodwide or spot rezoning to include a stated percentage of affordable housing without subsidies.

Additionally, Hernandez will focus on outreach to tenants, landlords and neighborhood stakeholders. The new division is part of a larger attempt to make the HPD more efficient and coordinate efforts with other agencies.

"Everything is under scrutiny," Been asserts. “Everything is being rethought in terms of how we could do it better.”

HPD also will pare down what Been called "painful" review processes developers face when bringing an affordable building to market. For more about this new effort by the city, read the full Crain's New York Business article.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Rayna Katz

Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.