A new public-private development partnership led by Exact Capital will create two new affordable cooperative buildings in West Harlem, Manhattan. The new buildings will improve vacant parcels at 207-209 West 140 Street and 304 West 150 Street, and create a total of 52 homes.
A new, mixed-use, affordable housing project for low-income seniors has debuted in the Morrisania section of The Bronx. Located at 1074 Washington Avenue, the Trinity-Reverend William James Senior Apartments is constructed on land formerly occupied by a vacant United Methodist church and today comprises a collection of 154 deeply affordable apartments, a 5,400-square-foot social services facility on the ground floor, and recreational amenity spaces for future occupants.
New York City mayor Eric Adams kicked off a weekend-long grand opening celebration for Caton Flats, a new mixed-use development with 255 affordable homes, a revitalized and expanded Flatbush Central Caribbean Marketplace, and 20,000 square feet of community space. Located at 800 Flatbush Avenue in Flatbush, Brooklyn, the development team includes BRP Companies, Urbane, the New York City Economic Development Corporation, the Department of Housing Preservation and Development (HPD), and the Housing Development Corporation (HDC).
Developers and elected officials recently gathered to celebrate the completion of Nevins Street Apartments, a 129-unit affordable housing property in Downtown Brooklyn. Located at 50 Nevins Street, the property now comprises 6,000 square feet of commercial space and over 100,000 square feet of residential area.
The Department of Housing Preservation and Development (HPD), Housing Development Corporation, and NYCHA have announced plans to construct Sol on the Park, a 195-unit affordable housing property in the Morrisania section of The Bronx. Located at the corner of St. Paul’s Place and Park Avenue, the project sits within the Morris II public housing development.