January 19, 2017
By Dr. Leonard H. Golubchick
New York, NY – Mayor Bill de Blasio has selected eight Minority- and Women-Owned Business Enterprise teams to lead the construction of six new 100 percent affordable housing developments on vacant City-owned land.
The developments will include about 440 homes for seniors and other New Yorkers with a variety of income levels, including extremely-low income and formerly homeless households.
“These Minority- and Women-Owned Business Enterprise firms are offering first-rate projects that will serve a diverse set of New York communities and New Yorkers. I congratulate them, and expect to see important work from each of them as we continue to work together in the future to protect affordability and quality of life in all our neighborhoods,” said Mayor Bill de Blasio.
The sites are located in the Bronx’s Melrose and Crotona Park East sections, Brooklyn’s East New York and Bedford-Stuyvesant neighborhoods, and Central Harlem. In addition to hundreds of homes, these projects will include community space for a green market, a high school and a tech center.
“Just shortly after announcing a 25-year high of affordable housing stock in New York City, we’re enlisting the talent of Minority- and Women-Owned Businesses to continue building the equitable, affordable city we envision – a city that works with everyone and for everyone,” said Richard Buery, Deputy Mayor for Strategic Policy Initiatives and Citywide M/WBE Director. “These skilled entrepreneurs will create new homes for more than 400 families while putting us well on track to fulfill the Administration’s bold commitment to increase contracting opportunities for M/WBES.”
With the creation of the Mayor’s Office of M/WBE’s, the City made a commitment to award at least 30 percent of the value of City contracts to M/WBE’s by 2021 and to double the number of certified M/WBE firms by 2019. The new office is working toward these goals by helping City agencies build and improve their M/WBE programs, increasing access to capital for M/WBEs, capping interest rates at 3 percent on City-financed loans, providing resources for additional capacity-building and technical assistance programs, and streamlining the M/WBE certification process.