Acacia Network and Phipps Houses recently celebrated the grand opening of Santaella Gardens, a 249-unit affordable housing property in the Soundview section of The Bronx. Located at 1230 Metcalf Avenue, available homes are reserved for individuals and households earning between 30 percent and 90 percent Area Median Income (AMI), as well as 25 units for the formerly homeless.
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.
Phipps Houses has closed on $116 million in financing to complete the fourth phase of Rockaway Village, a mixed-use affordable housing project in Far Rockaway, Queens. The ongoing development is slowly replacing an abandoned shopping center and will comprise 1,700 units of affordable housing, 120,000 square feet of commercial and community facility space, and 590 parking spaces.
Permits have been filed for a 14-story mixed-use building at 254 Euclid Avenue in Cypress Hills, Brooklyn. Located between Atlantic Avenue and Fulton Street, the lot is steps from the Crescent Street subway station, serviced by the J and Z trains. Phipps Houses is listed as the owner behind the applications.
The affordable housing lottery has launched for Rockaway Village Apartments, three residential buildings at 1701, 1721, and 1725 Village Lane in Far Rockaway, Queens. Designed by Marvel Architects and developed by Phipps Houses, the structures yield a total 1,693 residences. Available on NYC Housing Connect are 692 units for residents at 30 to 100 percent of the area median income (AMI), ranging in eligible income from $15,806 to $148,000. Due to system capacity limitations the 550 units advertised do not represent actual unit availability. There are an additional 18 studios, 26 one-bedrooms, 72 two-bedrooms, and 26 three-bedroom units in the 100 percent AMI tier not reflected below.