Greenpoint‘s latest affordable housing property will soon take shape at 35 Commercial Street following the acquisition of $170 million in construction financing. The forthcoming property is located within the Greenpoint Landing mega-complex in north Brooklyn and will eventually introduce 374 affordable housing units to the neighborhood.
The Department of Housing Preservation and Development (HPD) is now in search of a development partner to accelerate Resilient Edgemere, a major initiative to reinvigorate the Edgemere section of the Rockaways. The primary objective of the plan is to advance development of mixed-use, residential, and affordable housing properties in the community.
The affordable housing lottery has launched for Caton Flats, a 14-story mixed-use residential building at 800 Flatbush Avenue in Flatbush, Brooklyn. Designed by Magnusson Architecture And Planning and developed through a partnership between BRP Companies, Housing Preservation and Development, the Housing Development Corporation, and the Caribbean-American Chamber of Commerce and Industry, the structure will also yield 5,000 square feet of supplemental community space owned and operated by the Caribbean American Chamber of Commerce and Industry and 10,000 square feet of local retail. Available on NYC Housing Connect are 254 units for residents at 40 to 165 percent of the area median income (AMI), ranging in eligible income from $21,635 to $244,200.
The New York City Department of Housing Preservation and Development, the New York City Housing Development Corporation, and The New York Public Library are working together to launch a new 100-percent affordable housing property in Inwood with a public library, a preschool, and a multitude of community facilities. Located at 4790 Broadway, the 14-story property will debut as The Eliza in honor of Eliza Hamilton, the wife of Alexander Hamilton.
Construction has broken ground on phase one of Bronx Point, a mixed-use development in the South Bronx. In addition to 542 affordable housing units, phase one includes construction of the Universal Hip Hop Museum, 2.8 acres of public open space, and a robust mix of community facilities.
