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.
The affordable housing lottery has launched for 881 Lexington Avenue, a six-story mixed-use building in Stuyvesant Heights, Brooklyn. Designed by Issac & Stern Architects and developed by Hung Pin Hung of Pro H Designs, the structure yields 24 residences, ground-floor commercial space, and 12 parking spaces. Available on NYC Housing Connect are eight units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $61,715 to $156,130.
The New Jersey Department of Community Affairs has awarded $985,000 to New Jersey Community Capital (NJCC) to facilitate the development, preservation, and enhancement of affordable housing, vocational programming, and community facilities in East Trenton.
The affordable housing lottery has launched for 539 Vanderbilt Avenue, a 29-story residential tower at 550 Clinton Avenue in Clinton Hill, Brooklyn. Designed by Morris Adjmi Architects and developed by Hope Street Capital, the structure yields 284 apartments and about 60,000 square feet of retail space. Available on NYC Housing Connect are 80 units for residents at 70 to 130 percent of the area median income (AMI), ranging in eligible income from $48,206 to $215,150.
Fairstead and LIHC Investment Group have announced plans for a six-story mixed-use development at 127 Orchard Street in Newark, New Jersey. Part of Essex Plaza, a 13-building residential complex, the new structure will replace a surface-level parking lot and yield 365,000 square feet with 241 units. Forty percent of these will be set aside as affordable units for households and individuals at 60 percent area median income (AMI). In practice, that equates an annual income of $64,400 for a four-person household.
