What's New: Press Releases

Hurricane Sandy – Retreat from the Water’s Edge

October 2014


Nate Lavey is a video producer at newyorker.com

Nearly two years after Hurricane Sandy, New York has begun a “managed retreat” from some low-lying areas that are vulnerable to flooding and storm surges. Many residents of the Oakwood Beach section of Staten Island have opted into a program that allows them to sell their homes at pre-Sandy value, to the State of New York, which intends to return hundreds of parcels of land to nature. The cleared neighborhood will then serve as a buffer zone to protect other parts of the island. The program has been extended to other areas of Staten Island and Long Island that are at continued risk of flooding in the face of climate-change-related events.

Alongside the buyout program, Capital Access is serving as the vendor for the New York Rising Acquisition for Redevelopment program in New York City. This program serves homeowners outside of the buyout zones who may still be situated inside flood-prone areas that have sustained damage to their primary residence and are otherwise unable or unwilling to repair or rebuild their home. In this video, residents describe their experiences with the buyout program, and urban planners explain why communities along the East Coast need to consider moving away from the water’s edge.

For more information on the NY Rising Buyout and Acquisition programs, click here

New York State selects Capital Access to manage $80 million Acquisition for Redevelopment Program for Sandy-damaged properties in New York City

July 2014

Dear Clients, Colleagues and Friends:
After national RFP selection process, the New York State Governor’s Office of Storm Recovery (GOSR) hired Capital Access, Inc. to serve as Program Manager of the $80 million New York Rising Acquisition for Redevelopment program (NYRA NYC).
read more…

New York City Housing Recovery Office Assigns Capital Access to Assist With Sandy Build It Back Program

May 2014

The New York City Housing Recovery Office has deployed Capital Access, Inc. to assist with the intake processing of homeowners who suffered damage from Hurricane Sandy. Capital Access is leading a SWAT Team to resolve intake and eligibility operations issues to help homeowners proceed to grant signing.

Capital Access awarded $750,000 in HUD One CPD Technical Assistance for the 2013 NOFA

September 2013

We are pleased to announce that HUD has awarded Capital Access $750,000 in One CPD Technical Assistance funding. To learn more about 2013 One CPD Plus Program: Technical Assistance and Capacity Building under the Transformation Initiative, click here.

Michigan NSP2 expends 100% of their $223 Million Milestone

April 2013

As of April 2013, the Michigan NSP2 Consortium has expended 100% of its $223 million grant award. The Michigan NSP2 Consortium includes twelve cities, eight land banks, the Michigan State Housing Development Authority, Center for Community Progress and Capital Access.  read more…

Capital Access awarded $500,000 for Technical Assistance from HUD

April 2012

The U.S. Department of Housing and Urban Development awarded Capital Access, Inc. a $500,000 contract to provide technical assistance and training to help states and local governments successfully implement their Neighborhood Stabilization Programs.  read more…


Upcoming Events: Save the Date

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Revitalizing Blighted Properties with Land Banks


October 7, 2014 | Webinar via LORMAN Education Services

Blighted, vacant and abandoned properties bring down the values of surrounding properties and threaten the stability of neighborhoods.  A Land Bank authority can serve as a vital tool to help stabilize neighborhoods and find solutions to put these properties back into productive use.  The key to success is applying the strengths of a Land bank with planning and redevelopment tools in a public-private partnership.

A Land Bank is a public authority created to efficiently acquire, hold, manage, dispose of and/or develop vacant, blighted and/or distressed property within the context of community approved revitalization plans.

This webinar provides an opportunity for participants to learn:

  1. What a land bank can do for your community?
  2. What are key factors for success?
  3. Criteria to determine if a land bank could work in your community.