New York Times: $1.4 Billion Development at Sugar Refinery in Brooklyn Wins Key Council Support

The $1.4 billion plan to transform the former Domino Sugar refinery into a residential development on the Brooklyn waterfront won critical support in the City Council on Tuesday, after the developer agreed to cut the size of the project’s two tallest towers and provide a shuttle bus to the nearest subway…


CPC: Michael Lappin, Key Force in Creating Affordable Housing for More Than Three Decades, to Retire from CPC

After leading the company for 31 years, Michael Lappin will be retiring as President and Chief Executive Officer of the Community Preservation Corporation (CPC) to pursue other opportunities.  He has agreed to stay on in his current role and work with CPC’s Board in the selection process for a successor and to assure a smooth transition. Mr. Lappin will also continue to shepherd the New Domino project forward so it can fulfill its promised benefits for the community and the city…

Read at

New York Times: POSTINGS: Housing Group Builds For-Profit Project in Brooklyn; 12 Market Rentals And Two Storefronts

The Community Preservation Corporation in Manhattan has provided financing throughout New York and New Jersey for adding and preserving 93,000 affordable housing units over almost three decades. But last summer the housing group took a new path when its for-profit subsidiary, Community Preservation Corporation Resources, developed a vacant lot in Brooklyn into a four-story building with retail space at ground level and 12 rental apartments above…

New York Times: Residential Real Estate; Park Slope Walk-Up Revival May Signal New Rental Era

The four-story walk-up is a form of housing not often produced in New York City any longer. But two new side-by-side walk-ups in Park Slope, Brooklyn, may lead the way to resurrecting it for rental housing designed for moderate-income tenants throughout the city…

Read at


It was time yesterday for the 981 families that call the Big Six Towers in Woodside home to breathe a collective sigh of relief. The residents, mostly retirees and working-class families, thought they would lose their life’s savings because the cooperative, saddled with $20 million in debt, had faced foreclosure.

Read at