The city’s Department of Housing Preservation and Development has released a request for affordable housing proposals for the north shore of Staten Island. The RFP would use 108,000 square feet of land owned by the city for a mixed-use development with 100 percent affordable housing and community amenities and services.
Last week, private equity real estate fund manager Red Stone Equity Partners celebrated the closing of financing for Balton Commons, a $19-million mixed-use development currently under construction at 267 West 126th Street in Harlem, Manhattan. Developed in partnership with Lemor Development Group and Apex Building Group, the seven-story building will have 4,500 square feet of tech incubator space managed by non-profit Silicon Harlem, 1,200 square feet of ground-floor commercial space, 1,350 square feet of community facility space, and 37 residential units dedicated to mixed-income affordable housing for residents between 30 and 90 percent of the area median income.
This week the city’s Department of Housing Preservation and Development (HPD) announced $13.6 million in housing tax credits was awarded to seven developments. These projects will be responsible for creating and preserving 583 affordable units throughout the city.
The Landmarks Preservation Commission (LPC) is now reviewing updated proposals to renovate the landmarked Episcopal St. James Church and redevelop the parish’s campus at 2500 Jerome Avenue in the Fordham section of The Bronx. The updates arrive as an attempt to strengthen the dialogue between the religious structure and the proposed residential building.
The affordable housing lottery is now open for Uptown 6, a collection of 32 renovated rental units in across several buildings including 118 West 139th Street, 123 West 112nd Street, 30 West 132nd Street, 281 West 118th Street, 120 West 139th Street, and 122 West 139th Street in Manhattan’s West Harlem neighborhood. Available on NYC Housing Connect are a mix of studios, one-, two-, three-, and four-bedroom units for residents at 80 percent of the area median income, ranging in eligible income from $48,480 to $120,080.
