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NYCHA Secures $529M to Renovate Harlem Apartments

The New York City Housing Authority has closed on $529 million in financing for a comprehensive renovation of Rangel Houses in Harlem, bringing planned improvements to nearly 1,000 apartments across eight residential buildings. The project will benefit more than 1,800 residents through upgrades to kitchens, bathrooms, heating and cooling systems, building infrastructure and shared spaces. The development has transitioned to Project-Based Section 8 through NYCHA's Permanent Affordability Commitment Together (PACT) program, which preserves affordable rents and resident protections. Development partners Genesis Companies and Community League of the Heights will oversee the rehabilitation, with construction expected to proceed in phases over approximately four years. The project also includes security upgrades, expanded resident services and flood protection improvements.

$270M Project Brings 385 New Apts to East New York

Governor Kathy Hochul and Mayor Zohran Mamdani joined community and development leaders to celebrate the completion of 385 permanently affordable apartments at Innovative Urban Village on the Christian Cultural Center campus in East New York, Brooklyn. The first phase includes 94 apartments reserved for households eligible for supportive services, including people experiencing homelessness and survivors of domestic violence. Developers also marked the topping out of a second phase that will add 453 affordable homes and child care facilities. Together, the two phases will provide 838 apartments, with nearly 2,000 planned across the full development. The project will also include neighborhood retail, community programming, workforce development and publicly accessible open space.

Pace University Completes $200M NYC Arts Renovation

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NY Energy Rebate Checks: 5.2 Million More on the Way

Governor Kathy Hochul announced that 3 million New Yorkers have received energy rebate checks of up to $200, with another 5.2 million payments expected to be mailed in the coming weeks. The one-time Protecting Our Wallets Energy Rebate (POWER), funded through the state's $1 billion program, provides payments based on income and filing status. Eligible joint filers can receive $150 or $200, while qualifying single filers receive $100. Checks began being mailed September 21 and will continue through December. Residents do not need to apply, as the New York State Department of Taxation and Finance is automatically mailing payments to eligible taxpayers. The program is part of the state's broader efforts to address rising energy costs.

NYC Horse Carriage Phaseout Proposed for 2028

New York City Council Speaker Julie Menin announced that the Council will vote October 22 on Romanch's Law, legislation that would phase out horse-drawn carriage operations in Central Park by June 1, 2028. The proposal follows the June death of 18-year-old Romanch Mahajan, who was thrown from a runaway carriage in the park. If approved and enacted, the measure would stop the issuance of new carriage licenses and require the city to establish employment-transition programs for drivers and other affected workers. Those programs would include career counseling, job referrals, training opportunities and assistance with finding humane placements for horses. The legislation has 29 Council co-sponsors, according to the Speaker's announcement.

NYC Invests $29.2M in NYU Quantum Technology Lab

New York City will award $29.2 million to New York University to establish a Quantum Fabrication Facility at 770 Broadway in Manhattan, backed by an additional $255 million commitment from NYU. Announced by Mayor Zohran Mamdani and the New York City Economic Development Corporation, the 23,000-square-foot facility is expected to open in 2030 and provide specialized equipment for quantum research, manufacturing and testing. The project is projected to support more than 100 companies and reach over 35,000 New Yorkers during its first decade. Planned partnerships with CUNY and New York City Public Schools will offer training and career pathways. Under the agreement, the city will also receive advisory board representation and a share of certain intellectual property proceeds.