Phipps Houses has successfully closed on a $188 million financial package to complete the second phase of renovations at Lambert Houses. Located in the West Farms section of The Bronx, the affordable housing complex spans 12 acres of land near the Bronx Zoo.
The New York City Department of Housing Preservation and Development (HPD) has released the first images of The Norma, a 100-percent affordable condominium property in Bedford-Stuyvesant, Brooklyn. Designed by Leong Leong, the 11-story building will contain 44 condominiums and a ground-floor urgent care facility operated by the Brownsville Multi Service Wellness and Health Center.
Developers, elected officials, and local community leaders recently gathered to celebrate the completion of Archer Green, a new 100 percent affordable housing complex in Jamaica, Queens. The property is located at 92-23 168th Street and introduces 387 affordable housing units, a parking garage designed to accommodate 130 vehicles, a low-cost Aldi supermarket, and a 15,000-square-foot community center.
Camber Property Group has completed a $105 million acquisition of three Project Based Section 8 affordable housing complexes formerly owned by Omni New York. The three properties include Grace Towers, a 168-unit building in East New York, Brooklyn; Target V Apartments in the Morris Heights section of The Bronx; and Madson Apartments in East Harlem.
Debevoise Senior Housing, a 100 percent affordable housing property for senior residents, opened this week in Williamsburg, Brooklyn. The new property is located at 40 Debevoise Street and was developed in partnership by The Arker Companies, New York City’s Department of Housing Preservation and Development (HPD), and the Jewish Association Serving the Aging (JASA).
