The New York City Department of Housing Preservation and Development (HPD) has revealed the first of two new affordable housing properties in the southwest corner of The Bronx. Located in Concourse near the intersection of River Avenue and East 168th Street, Site A will eventually debut as River Commons and will comprise 278 affordable apartments.
The affordable housing lottery has launched for Sendero Verde Phase I, a 15-story building at 60 East 112th Street and a ten-story building at 75 East 111th Street in East Harlem, Manhattan. Designed by Handel Architects and developed by L+M Development Partners, Jonathan Rose Companies, and Acacia Network, the Sendero Verde complex will yield nearly 700 residences when all phases are complete, along with numerous outdoor green spaces and community facility space for social services. Available on NYC Housing Connect are 324 units for residents at 30 to 110 percent of the area median income (AMI), ranging in eligible income from $15,806 to $162,800.
The New York City Housing Authority is working in partnership with Douglaston Development, L+M Development Partners, Dantes Partners, and SMJ Development to complete major renovations at the Linden and Penn-Wortman Houses in East New York, Brooklyn. Together, the public houses comprise 1,922 units.
L+M Development Partners, Bluestone Organization and Triangle Equities have closed on $30.3 million in financing to complete the first phase of Arverne East, a forthcoming master-planned community in the Rockaways.
Permits have been filed for an eight-story affordable housing development at 305 Chester Street in Brownsville, Brooklyn. Located at the intersection of Chester Street and Dumont Avenue, the corner lot is two blocks from the Rockaway Avenue subway station, serviced by the 3 train. L+M Development Partners is listed as the owner behind the applications.