The town is sitting on greater than 1,000 vacant tons that might be developed for housing, and is shifting at a glacial tempo to capitalize on the chance regardless of a housing crunch, Comptroller Scott Stringer charged on Monday.
He stated that 90 % of the vacant properties that have been within the metropolis’s stock two years in the past stay undeveloped as a result of the Division of Housing Preservation & Improvement missed most of its personal targets for transferring them.
Since Stringer launched an audit on the identical problem in February 2016, the HPD has transferred simply 64 websites for improvement and 54 for presidency use.
“HPD promised the general public that a whole lot of these properties can be developed in two years. Now we’ve come again two years later, and we’ve uncovered that the company’s guarantees have been as empty as these vacant tons,” stated Stringer.
His audit advisable that the HPD create a extra correct timeline for creating vacant properties and doc the explanations behind any delays.
HPD Commissioner Maria Torres-Springer responded by saying her company is shifting “aggressively” to show vacant land into housing, although virtually all the remaining tons are “small and exhausting to develop.”