New York City Housing Authority

Introducing the Gradient All-Weather 120V Window Heat Pump -- the Ultimate Solution for Year-Round Comfort and Savings

Retrieved on: 
Thursday, November 9, 2023
Environment, Construction & Property, HVAC, Utilities, Building Systems, Home Goods, Manufacturing, Green Technology, Energy, Retail, New York City Housing Authority, International Energy Agency Energy in Buildings and Communities Programme, Cold climate, IRA, AC, Multimedia, Development, New York Power Authority, All, International Energy Agency, Heat, Noise, New York State Energy Research and Development Authority, Climate change, Heating, ventilation, and air conditioning, Gradient

Gradient breaks the cycle with products that keep homes comfortable without heating the planet. Thoughtfully designed, All-Weather 120V Window Heat Pump is not just beautiful to look at -- its proprietary meltwater management eliminates drips and unsightly hoses or drains. The dual indoor vents enhance airflow, providing consistent and balanced comfort throughout your space.

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20231109903275/en/
    Introducing the Gradient All-Weather 120V Window Heat Pump; the ultimate solution for year-round comfort and savings.
  • Thoughtfully designed, All-Weather 120V Window Heat Pump is not just beautiful to look at -- its proprietary meltwater management eliminates drips and unsightly hoses or drains.
  • “The All-Weather 120V Window Heat Pump provides the benefits of a professional-grade, cold-climate heat pump system at a fraction of the cost.”
    The Gradient All-Weather 120V Window Heat Pump is set for availability in the fall of 2024, marking a significant milestone in Gradient’s commitment to innovative climate solutions.
  • In August 2022, Gradient was awarded a seven-year contract for the development and delivery of 10,000 cold climate packaged window heat pump units.

Walker & Dunlop Arranges $36 Million Affordable Housing Renovation for Eight-Property Brooklyn Portfolio

Retrieved on: 
Tuesday, September 5, 2023
Professional Services, Residential Building & Real Estate, Commercial Building & Real Estate, Finance, Construction & Property, Urban Planning, Banking, Well, Workforce, Housing, Walker & Dunlop, Fannie Mae, HUD, NYCHA, Section 8, FDR Drive, Restaurant, Freddie Mac, New York City Housing Authority, Financial services

Walker & Dunlop, Inc. announced today that it arranged a $35.6 million loan to facilitate the refinance of a scattered Brooklyn site, sponsored by Grower Housing Development Fund Corporation.

Key Points: 
  • Walker & Dunlop, Inc. announced today that it arranged a $35.6 million loan to facilitate the refinance of a scattered Brooklyn site, sponsored by Grower Housing Development Fund Corporation.
  • The Section 8 affordable apartment portfolio comprises of 251 units, spanning eight buildings and located in New York's Williamsburg submarket.
  • Walker & Dunlop's Affordable team, led by Frank Cassidy and John Gilmore , arranged the refinance on behalf of the client, a repeat Walker & Dunlop and Fannie Mae borrower.
  • Walker & Dunlop is working to achieve its five-year goal of $60B in cumulative affordable and workforce housing finance by the end of 2025.

Gradient Comfort Raises Additional $9 Million in Series A Financing Led by Climate Investment

Retrieved on: 
Tuesday, June 27, 2023
Home Goods, Utilities, Construction & Property, Environmental, Social and Governance (ESG), Energy, Building Systems, Professional Services, Retail, Maintenance, Climate, New York State Energy Research and Development Authority, Air conditioning, Climate Investment Funds, All, R32, CI, Refrigeration, Cold climate, Carbon, Ventilation, Gradient, HVAC, Development, Air Conditioning, Heating and Refrigeration Institute, Investment, New York Power Authority, New York City Housing Authority, Greenhouse, Environment, Renewable energy, Heating, ventilation, and air conditioning, Heat

The round is led by Climate Investment (“CI”), a specialist decarbonization climate investor.

Key Points: 
  • The round is led by Climate Investment (“CI”), a specialist decarbonization climate investor.
  • Cindi Bough, Managing Director Ventures at CI, will join the Gradient Comfort Board and Rick Cutright, Technology Director at CI will join as an observer.
  • Gradient Comfort is CI’s latest investment in the built environment space.
  • Gradient Comfort uses heat pump technology and climate-friendlier refrigerant (R32) to create a product that is quiet, effective, and efficient.

BFC Partners Awarded $100+ Million NYCHA PACT Deal - the First of its Kind on Staten Island

Retrieved on: 
Thursday, April 20, 2023
New York State Housing Finance Agency, Catholic Charities USA, Bramwell, Catholic Charities of the Archdiocese of New York, Real estate development, Partnership, Housing, Catholic Home Missions, Paint, Life, Ageing, Quality of life, Rehabilitation, Public housing, Real estate, Ventilation, PACT, BFC, New Yorker, New York City Housing Authority, Minority business enterprise, Investment, Water, Authority, MBE, BIPOC, Heat, New York City Department of Housing Preservation and Development, HDC, Catholic Church, HPD, Property management, Tourism, Hospital, Nightclub, NYCHA

NEW YORK, April 20, 2023 /PRNewswire/ -- The New York City Housing Authority (NYCHA) today announced that over $100 million in capital repair needs will be addressed for more than 1,400 residents of the West Brighton I & II developments on Staten Island through the Permanent Affordability Commitment Together (PACT) program, which will greatly improve living conditions at the campus. As a key step in this process, following a year of planning and engagement with residents, NYCHA and resident leaders have selected BFC Partners Development LLC, CB Emmanuel Realty LLC — a Minority Business Enterprise (MBE) — and the non-profit organization Catholic Homes New York to provide comprehensive repairs to 574 apartments across 14 buildings at the site. BFC and CB Emmanuel will also lead as the general contractors, and Pinnacle City Living will serve as the day-to-day property manager when the property converts to Project-Based Section 8. The selection of the PACT partners was made by a resident review committee after an extensive community engagement process beginning in the fall of 2021. This process was supported by a technical advisor, Censere Consulting, through the PACT Resource Team. Resident review committee members reviewed and compared proposals submitted by potential partner teams and conducted interviews with proposing teams. The selected team will spend the next year working with residents to assess property conditions and develop rehabilitation, property management, and social services plans. Construction is slated to start in the summer of 2024.

Key Points: 
  • PACT is consistently delivering results for NYCHA residents across the city, and I'm excited to welcome West Brighton residents to that group."
  • "Congratulations to resident leaders at West Brighton on your selection of BFC Partners, CB Emmanuel Realty, Catholic Homes New York, and Pinnacle City Living."
  • "We are honored to be selected as a PACT partner for West Brighton I & II," said BFC Partners Principal Joseph Ferrara.
  • BFC Partners has strong ties to the community on the North Shore area of Staten Island.

Housing Authority of the City of Alameda & Lincoln Avenue Capital Preserve Affordable Homes at Rica Vista Apartments

Retrieved on: 
Thursday, March 9, 2023
House, Housing, National Equity Fund, Inc., Acquisition, Chan Zuckerberg Initiative, AMI, NOAH, LAC, AHA, Bay, Partnership, New York City Housing Authority, Future Fund, City, Property management, San Francisco Bay Area

ALAMEDA, Calif., March 9, 2023 /PRNewswire/ -- Lincoln Avenue Capital (LAC), a mission-driven acquirer and developer of affordable housing, and the Housing Authority of the City of Alameda (AHA) today announced an agreement to preserve the affordability of up to 132 units at Rica Vista Apartments for the next 55 years.

Key Points: 
  • ALAMEDA, Calif., March 9, 2023 /PRNewswire/ -- Lincoln Avenue Capital (LAC), a mission-driven acquirer and developer of affordable housing, and the Housing Authority of the City of Alameda (AHA) today announced an agreement to preserve the affordability of up to 132 units at Rica Vista Apartments for the next 55 years.
  • LAC's partnership with the Housing Authority of the City of Alameda will convert the existing market-rate property to workforce housing to bolster the supply of affordable housing in the Bay Area, one of most expensive housing markets in the nation.
  • "Lincoln Avenue Capital is proud to work with the Alameda Housing Authority to preserve and expand access to quality homes at Rica Vista for decades to come," said LAC CEO Jeremy Bronfman.
  • "The partnership with Lincoln Avenue Capital will allow more low- and middle-income people to live and work in the City of Alameda."

Gradient Raises $18MM in Series A Financing

Retrieved on: 
Thursday, February 2, 2023
Apps, Applications, Mobile, Wireless, Technology, Utilities, Other Technology, Oil, Gas, Software, Energy, Hardware, Data Management, New York Power Authority, International Energy Agency Energy in Buildings and Communities Programme, Ajax, Climate change, AC, Development, Maintenance, Carbon, Face, HVAC, Heat, All, New York City Housing Authority, Cold climate, Environment, New York State Energy Research and Development Authority, International Energy Agency, Heating, ventilation, and air conditioning, Sustainability, Gradient

Unfortunately, current HVAC systems—built by industry incumbents who haven’t changed their product design in over 50 years—are damaging the environment in an outsized way.

Key Points: 
  • Unfortunately, current HVAC systems—built by industry incumbents who haven’t changed their product design in over 50 years—are damaging the environment in an outsized way.
  • Gradient breaks the cycle with products that keep homes cool and comfortable without heating the planet.
  • Gradient uses heat pump technology and a climate-friendly refrigerant to create a product that is quiet, effective, and efficient.
  • “Gradient is building the future of HVAC solutions in the face of ongoing climate change,” said Matt Chagan, Partner at Sustainable Future Ventures.

AGM Financial Closes Deals Two at a Time & Speaks on the Trend toward "Twin Deals" to Increase the Supply of Affordable Housing

Retrieved on: 
Wednesday, February 15, 2023
Public housing, County, National Association of Home Builders, NAHB, Rental Assistance Demonstration, Las Vegas Convention Center, National Association, Housing, New York City Housing Authority, Section 8, International Builders' Show, Las Vegas Convention and Visitors Authority, AGM, RAD, Salt Lake, Canal

This substantial rehab project showcases another innovative approach to preserving and improving affordable housing.

Key Points: 
  • This substantial rehab project showcases another innovative approach to preserving and improving affordable housing.
  • The project involves renovating two public housing projects, New City Plaza and County High Rise, at 1966 South 200 East.
  • Participating on a panel of experts in affordable housing finance, Frank addressed the trend toward "twin" deals, as a way to increase the supply of affordable housing.
  • AGM recently closed two "twin" deals using this new approach to affordable housing finance.

ZIPCAR EXPANDS ON-STREET LOCATIONS IN NEW YORK CITY AFTER SUCCESSFUL PILOT WITH THE NEW YORK CITY DEPARTMENT OF TRANSPORTATION

Retrieved on: 
Tuesday, February 7, 2023
NYCHA, Insurance, Overring, Transport, Carbon, Maintenance, Work, MPG, New York City Department of Transportation, Partnership, New York City Housing Authority, AAA, Quality of life, Walking, Congestion, Rail transport, Lease, Zipcar

NEW YORK, Feb. 7, 2023 /PRNewswire/ -- More New Yorkers who need easy, on-demand access to vehicles in convenient, on-street locations will soon be able to access additional Zipcar vehicles parked on New York City curbs. The New York City Department of Transportation today announced that the first eighty of hundreds of new curbside parking spaces reserved for its Carsharing Program will be installed starting today in Brooklyn, Queens, and the Bronx.

Key Points: 
  • The New York City Department of Transportation today announced that the first eighty of hundreds of new curbside parking spaces reserved for its Carsharing Program will be installed starting today in Brooklyn, Queens, and the Bronx.
  • Zipcar has operated in New York City since 2001, and since the NYC DOT Carsharing Program launched in 2018, Zipcar learned that some of the most successful areas in the pilot are previously underserved by carshare, such as the Bronx and outer Queens.
  • "We are grateful to work with the New York City Department of Transportation and the communities it serves to provide more New Yorkers with access to Zipcar's professionally maintained fleet of shared vehicles.
  • Zipcar was the first car-sharing provider in the U.S. to introduce electric and hybrid vehicles in its fleet.

Rise Light & Power Proposes Nation's First Renewable Repowering of Fossil Generation with Offshore Wind

Retrieved on: 
Tuesday, January 24, 2023
Ravenswood Generating Station, NYCHA, NYISO, Assembly, Health, NAACP, Queens, Partnership, Sierra Club, Plant, Public housing, HVDC, Asthma, HVAC, Climate change, Public, Fund, Atmosphere, Electricity, Hope, Sierra, Environment, Maintenance, NYSERDA, Utility Workers Union of America, Trust for Public Land, Development, Wind, Retirement, Investment, New Yorker, Public land, UWUA, Entrepreneurship, EJ, CDC, PS, Local, New York City Housing Authority, New York State Energy Research and Development Authority, Tree, Community, Just transition, CLCPA, Betty Taylor (community advocate), NYPA, Renewable energy, Rise, Bowling Green (New York City), City

NEW YORK, Jan. 24, 2023 /PRNewswire/ -- At an event attended by dozens of local community leaders, Rise Light & Power, LLC (Rise) today announced a historic proposal in response to New York State's offshore wind solicitation which will be the nation's first renewable repowering of a major fossil-fuel plant with clean power from offshore wind.  By securing an ownership stake in an offshore wind project, Rise Light & Power will be an integral part of an offshore wind proposal to be submitted to the New York State Energy Research and Development Authority (NYSERDA) on Thursday, January 26. The project takes advantage of, and will utilize, existing energy infrastructure at Rise's Long Island City's Ravenswood Generating Station—New York City's largest power generator. The project has strong community support for its goal to transition Ravenswood into a clean energy hub with a mature and cost-effective interconnection of renewable offshore wind energy into New York City.

Key Points: 
  • By securing an ownership stake in an offshore wind project, Rise Light & Power will be an integral part of an offshore wind proposal to be submitted to the New York State Energy Research and Development Authority (NYSERDA) on Thursday, January 26.
  • This proposal to interconnect offshore wind, responsibly transition fossil fuel generation, and build a new operations and maintenance hub has our full support."
  • The renewable repowering of Ravenswood through an offshore wind project is a culmination of years of community and stakeholder engagement.
  • "We've been eagerly awaiting Rise Light & Power's next steps with its Renewable Ravenswood vision and are extremely supportive of their new partnership to bring offshore wind energy here.

Walker & Dunlop Structures $120 Million in Financing to Uplift Affordable Housing in Harlem Community

Retrieved on: 
Tuesday, January 17, 2023
Public Relations, Investor Relations, Communications, Residential Building & Real Estate, Construction & Property, Urban Planning, Well, Dantes, ABM, Walker & Dunlop, Chase, Partner, Heat, Capital, Audubon House and Tropical Gardens, New York City Housing Authority, HDC, NYCHA, Housing, Leg, Investment management, RAD, JPMorgan Chase, Fannie Mae, Rehabilitation, Freddie Mac, Maintenance, HUD, HAP, Section 18 of the Canadian Charter of Rights and Freedoms, PACT, Workforce, Multimedia, Property management

The financing was a joint effort between Dantes Partners, The New York City Housing Authority ("NYCHA"), the New York Housing Development Corporation (HDC), Walker & Dunlop, Freddie Mac and JP Morgan Chase.

Key Points: 
  • The financing was a joint effort between Dantes Partners, The New York City Housing Authority ("NYCHA"), the New York Housing Development Corporation (HDC), Walker & Dunlop, Freddie Mac and JP Morgan Chase.
  • View the full release here: https://www.businesswire.com/news/home/20230117006081/en/
    John Gilmore and his production team at Walker & Dunlop arranged the financing execution that addressed the unique capital and ongoing operation and maintenance needs of the three properties.
  • Walker & Dunlop has a five-year goal of $60 billion in cumulative affordable housing finance by the end of 2025.
  • Well on their way to reaching this goal, the affordable team originated over $10 billion of affordable and workforce housing financing in 2021 through HUD, Fannie Mae, Freddie Mac, and capital markets sources.