AGENCY TESTIMONY
HPD's strategy: Creating new homeownership opportunities
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46 sec
Deputy Commissioner Darga outlines the third prong of HPD's homeownership strategy, which focuses on creating new homeownership opportunities for low, moderate, and middle-income New Yorkers.
- Open Door program and Affordable Neighborhood Cooperative Program create new homeownership opportunities
- Enactment of Affordable Neighborhoods for New Yorkers, a housing production tax incentive
- City of Yes for Housing Opportunity zoning amendment to remove impediments and allow more housing in every neighborhood
Kim Darga
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3rd, creating new home ownership opportunities.
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Through the open door program and affordable neighborhood cooperative program, we create new home ownership opportunities for low, moderate, and middle income New Yorkers.
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In addition, the administration worked closely with the New York State legislature to enact 45 acts.
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Affordable New York sorry.
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Affordable neighborhoods for New Yorkers, a critical housing production tax incentive that will unlock affordable homeownership opportunities.
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The administration is also working closely with the city council to advance the city of yes for housing opportunity tax amendment, which will remove zoning impediments and allow a little more housing in every neighborhood, unlocking the potential for more homeowner ship units, especially in the outer boroughs.
