New York Begins Converting Stalled Projects to Affordable Housing

The City of New York has unveiled its Housing Asset Renewal Program, a plan to revive stalled projects as affordable housing.

1 minute read

July 14, 2009, 5:00 AM PDT

By Nate Berg


The first infusion of city money -- $20 million -- will enable the rehabilitation of about 400 units.

"By thawing frozen projects, the hope is to free up financing to finish construction on those that are not yet built and to fully occupy those that are. (The imprimatur of the city should help with financing, as well.) Meanwhile, the city will help stabilize these buildings and their surrounding neighborhoods, thus avoiding the blight that plagued the city during the decline of the 1970s and 1980s. With 138 stalled projects confirmed by the Department of Buildings, and countless more unaccounted for, there are plenty of projects in need of support."

Friday, July 10, 2009 in The Architect's Newspaper

portrait of professional woman

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching. Mary G., Urban Planner

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching.

Mary G., Urban Planner

Use Code 25for25 at checkout for 25% off an annual plan!

Redlining map of Oakland and Berkeley.

Rethinking Redlining

For decades we have blamed 100-year-old maps for the patterns of spatial racial inequity that persist in American cities today. An esteemed researcher says: we’ve got it all wrong.

May 15, 2025 - Alan Mallach

Logo for Planetizen Federal Action Tracker with black and white image of U.S. Capitol with water ripple overlay.

Planetizen Federal Action Tracker

A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.

May 14, 2025 - Diana Ionescu

Front of Walmart store with sign.

Walmart Announces Nationwide EV Charging Network

The company plans to install electric car chargers at most of its stores by 2030.

May 7, 2025 - Inc.

Public Market sign over Pike Place Market in Seattle, Washington with pop-up booths on street.

Seattle’s Pike Place Market Leans Into Pedestrian Infrastructure

After decades of debate, the market is testing a car ban in one of its busiest areas and adding walking links to the surrounding neighborhood.

May 15 - Cascade PBS

Yellow and silver light rain train in downtown Long Beach, California.

The World’s Longest Light Rail Line is in… Los Angeles?

In a city not known for its public transit, the 48.5-mile A Line is the longest of its kind on the planet.

May 15 - Secret Los Angeles

Man reaching for young girl sliding down playground slide.

Quantifying Social Infrastructure

New developments have clear rules for ensuring surrounding roads, water, and sewers can handle new users. Why not do the same for community amenities?

May 15 - Happy Cities