Affordable housing

Housing Lottery Launches for 127 Units at Two Blue Slip in Greenpoint, Brooklyn

The affordable housing lottery has launched for Two Blue Slip, aka 41 Blue Slip, a 40-story residential building in Greenpoint, Brooklyn. Designed by Handel Architects and developed by Park Tower Group and Brookfield Property Partners, the Greenpoint Landing waterfront structure yields 421 residences. Available on NYC Housing Connect are 127 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $81,258 to $192,400.

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Rendering of 722 Chancellor Avenue in Irvington — Courtesy of OCA Architects

Ground Breaks on 722 Chancellor Avenue, a 100-Percent Affordable Housing Development in Irvington, New Jersey

Construction began last week on 722 Chancellor Avenue in Irvington, New Jersey. Developed through a partnership with The NRP Group and northern New Jersey developer Adenah Bayoh, the five-story building will add 56 affordable housing units to the community. OCA Architects is responsible for the design of the mid-rise, energy-efficient development.

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Rendering of Atlantic Chestnut 1 Phase

Phipps Houses Secures $217 Million Financing for Phase 1 of Atlantic Chestnut Development in East New York, Brooklyn

Non-profit housing developer Phipps Houses closed on $217 million in construction financing for the first phase of Atlantic Chestnut, a massive three-phase development in Brooklyn. When completed, Atlantic Chestnut will bring 1,200 affordable housing units to the East New York neighborhood under the 2016 East New York Rezoning. With Dattner Architects handling design, the Atlantic Chestnut development will consist of three mid-rise apartment buildings featuring affordable apartments, 60,000 square feet of commercial and community facility space, attended parking for 200 cars, and residential amenities comprising of a gym, children’s playroom, a lounge, a party room, and landscaped courtyards and roof deck. The project is being built by Monadnock Construction.

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