The New York City Department of Housing Preservation and Development (HPD) is inviting developers to submit proposals for a new construction project in Kips Bay, Manhattan. Developing housing that meets the needs of how New Yorkers live today is critical to the City’s future economic success. Currently, the City’s housing stock is misaligned with the changing demographics of its population. There are 1.8 million one- and two-person households (more than 60 percent of New York City households) and only one million studios and one-bedrooms to meet this housing demand. According to the 2010 Census, the growth rates of the one- and two-person household populations exceed the growth rate of households with three or more people. adAPT NYC seeks to create additional choice within New York City’s housing market. Submissions are due no later than September 14 with a pre-submission conference to be held on July 31. To register and for more information, please visit here.
