Department of Housing, Preservation and Development

The city has broken ground on River Commons, a $255 million mixed-use development in the South Bronx providing 328 affordable and supportive apartments, an expanded health care clinic, and public green space. The project, led by Mayor Mamdani and NYC Health + Hospitals, is set to open in 2027 and includes partnerships with the Department of Housing Preservation and Development and private developers.

Mayor Zohran Mamdani and the City Council reached a $300 million agreement to expand housing voucher access, resolving a budget standoff over rental assistance. The deal allocates $175 million in FY2027 and $125 million starting FY2028 for a new rental assistance program administered by the Department of Housing Preservation and Development.

The Mamdani administration is seeking an operator for a city-backed insurance program aimed at reducing property and liability insurance costs for rent-stabilized buildings. The program, funded with $100 million over three years, targets a 20% premium reduction and plans to cover 20,000 apartments by 2027, expanding to 100,000 by 2030.

The New York City Department of Housing Preservation and Development launched the Supportive Preservation Program (SPP) to preserve and strengthen supportive housing for vulnerable residents. The initiative includes a dedicated preservation team, expanded rental assistance eligibility, and rehabilitation of aging buildings like Park Avenue Thorpe, which provides housing and services for families experiencing homelessness.

Queens tenants at 41-25 Case St. in Elmhurst rallied before a Housing Court hearing to demand repairs from A&E Real Estate, citing 372 open violations including flooding, infestations, and safety hazards. The lawsuit targets A&E, its principals, and city housing agencies, alleging neglect despite a prior $2.1 million settlement for similar issues at other properties.