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Overview of HPD's project pipeline and involvement of non-profit developers
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Commissioner Carrión and First Deputy Commissioner Tigani provide details on HPD's project pipeline and the involvement of non-profit developers in affordable housing projects. They discuss the number of projects in the pipeline and efforts to increase non-profit participation.
- HPD's pipeline includes 750 projects: 300 new construction deals and 450 preservation deals
- The New York City Acquisition Fund is dedicated to minority and women-owned business enterprises and non-profits to help them acquire land
- 83% of public land deals in the last 7-8 years have included MWB or non-profit partners
- HPD is working on various initiatives to increase non-profit participation in affordable housing projects
Adolfo Carrión Jr.
0:53:26
And then there is the backdrop of the competition, which is and we'll probably talk about this a little bit later, but there's 750 projects in the pipeline.
0:53:38
300 new construction, and 450 preservation deals.
Crystal Hudson
0:53:44
Sorry.
0:53:44
750 in the pipeline, 300 under construction.
Adolfo Carrión Jr.
0:53:48
300 new construction deals.
Gale A. Brewer
0:53:49
Okay.
Adolfo Carrión Jr.
0:53:51
And that's pretty much around today.
0:53:54
There'll probably be more tomorrow.
0:53:56
But and 450 preservation deals.
0:53:59
And every preservation deal is complicated.
0:54:05
So our team on the preservation side, you know, has really it really was impacted by COVID, and we lost a lot of folks.
0:54:16
So those deals also take time, and they're often not simple deals.
Crystal Hudson
0:54:23
I understand and first hand, I have a number of those projects in my district, and we're certainly trying to get them closed and you know, worked on as quickly as possible.
0:54:35
How many not for profit developers work on affordable housing projects in HPD's pipeline?
Adolfo Carrión Jr.
0:54:42
So we we have a pretty robust partnership with nonprofits We've dedicated some specific programs and objectives to them as as community partners as partners who have relationships and host communities, and we consider your districts and the neighborhoods within those district host communities.
0:55:10
We've dedicated the New York City acquisition fund to minority in women owned business enterprises and nonprofits to help them acquire land.
0:55:24
The the exact share number of nonprofits maybe, Ahmed, I know you in your in your work with they would planning.
Ahmed Tigani
0:55:32
So we we don't have the exact number of nonprofits.
0:55:36
I will say that on our open Sorry.
0:55:39
On our public land deals, going back at least the last 7 or 8 years, we're seeing 83%.
0:55:46
And inclusion in the development partnership since we changed our rules to required at every public site that's designated includes MWB or nonprofit.
0:55:58
Obviously, we'll have 100% compliance with that.
0:56:01
Additionally, we're working now only with the nonprofits individually.
0:56:04
You know, in our new construction, we have our supportive housing, RFQ, we're lifting up and highlighting those partners to make sure they're ensuring we have good partners on our supportive housing projects.
0:56:18
I think we're also working with groups like the Joe that maximized the efficiency and power of nonprofits.
0:56:25
And so between setting up the position fund to put them in a stronger position using our public land to make sure that they have a committed seat at the table.
0:56:35
But plus continuing to work with them on new models that enhance their work on with the Joe or looking at CLTs.
0:56:43
There are a lot of the ways that we're trying to increase their participation as Exactly.