Affordable housing

3188 Villa Avenue in Bedford Park, Bronx

Doe Fund Brings 68 Affordable Housing Units to 3188 Villa Avenue in Bedford Park, The Bronx

Villa House, a ten-story affordable housing building by The Doe Fund, has received its Temporary Certificate of Occupancy. Located at 3188 Villa Avenue in Bedford Park, The Bronx, the development will yield 68 units of affordable and supportive housing. Additional partners in the development process include the Department of Housing Preservation and Development, NYC Housing Authority, the Corporation for Supportive Housing, and NYC Human Resources Administration.

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2633 Ocean Avenue Apartments

Housing Lottery Launches for 2633 Ocean Avenue in Sheepshead Bay, Brooklyn

The affordable housing lottery is open for 2633 Ocean Avenue Apartments, an eight-story mixed-use development at 2633 Ocean Avenue in Sheepshead Bay, Brooklyn. The 53,304-square-foot corner building is designed by Zproekt Architects and developed by Michael Lilikakis, and will yield a total 60 units in a mix of studios and one- and two-bedroom units. Available on NYC Housing Connect are 18 apartments for residents at 130 percent of the area median income, ranging in eligible income from $56,572 to $159,640.

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267 West 126th Street

Mixed-Use Balton Commons Brings Affordable Housing to 267 West 126th Street in Harlem

Last week, private equity real estate fund manager Red Stone Equity Partners celebrated the closing of financing for Balton Commons, a $19-million mixed-use development currently under construction at 267 West 126th Street in Harlem, Manhattan. Developed in partnership with Lemor Development Group and Apex Building Group, the seven-story building will have 4,500 square feet of tech incubator space managed by non-profit Silicon Harlem, 1,200 square feet of ground-floor commercial space, 1,350 square feet of community facility space, and 37 residential units dedicated to mixed-income affordable housing for residents between 30 and 90 percent of the area median income.

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