Affordable housing

31-33 West 110th Street. Image: Curtis + Ginsberg Architects

Financing Secured for Affordable Co-Op Tower at 31-33 West 110th Street in Harlem, Manhattan

By Max Gillespie and Matt Pruznick

Developers have secured $97.8 million in financing for 31-33 West 110th Street, a 22-story affordable housing building in Harlem, Manhattan. Designed by Curtis + Ginsberg Architects for Lemor Development Group, Infinite Horizons, L+M Development Partners, and Urbane Development Group, the project will yield 105 cooperative homeownership units. The 148,000-square-foot structure is expected to become New York City’s tallest affordable housing development designed to meet Passive House certification standards. The property is located along Central Park North between Fifth and Lenox Avenues.

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Housing Lottery Launches for Clermont Area HDFC at 389 Clinton Avenue in Clinton Hill, Brooklyn

By Vanessa Londono

The affordable housing lottery has launched for Clermont Area HDFC, a seven-story residential building at 389 Clinton Avenue in Clinton Hill, Brooklyn. Originally built in 1930, the prewar building yields 41 residences. Available on NYC Housing Connect is a waiting list to fill one vacant unit for purchase at 120 percent of the area median income (AMI), ranging in eligible income from $85,000 to $285,000. Eligible buyers must put at least 10 percent down.

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Rendering courtesy of GZA GeoEnvironmental Inc..

Rendering Reveals Nine-Building Residential Development in East Flatbush, Brooklyn

By Michael Young and Matt Pruznick

Bawabeh Holdings has filed a rezoning application for a nine-building, 1.2-million-square-foot residential complex on the border of East Flatbush and Brownsville, Brooklyn. Designed by IMC Architecture and developed under the Midyan Gate Realty No. 2 LLC, the conjoined structures would stand 14 to 15 stories and yield 972 rental apartments, or 108 units per building, with an average scope of 950 square feet. The project would also include 136,112 square feet of retail space, 103,472 square feet of community facility space, and a 114-vehicle parking garage. The property is bounded by East 98th street to the northeast, Winthrop Street to the northwest, Kings Highway to the east, and Rockaway Place to the west.

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Housing Lottery Launches for Park Towers HDFC at 644 Riverside Drive in Hamilton Heights, Manhattan

By Vanessa Londono

The affordable housing lottery has launched for Park Towers HDFC, a 12-story residential building at 644 Riverside Drive in Hamilton Heights, Manhattan. Originally built in 1914, the prewar building was fully renovated including a new roof, façade work, windows, and yields 93 residences. Available on NYC Housing Connect are 24 units for purchase at 120 percent of the area median income (AMI), ranging in eligible income from $70,462 to $317,520. Eligible buyers must have at least 10 percent down.

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The Peninsula Complex Selected For Municipal Grocery Store In Hunts Point, The Bronx

By Max Gillespie

A 20,000-square-foot municipal grocery store is planned for The Peninsula mixed-use development in Hunts Point, The Bronx, with an expected opening date in 2027. Developed by Gilbane Development, The Hudson Companies, MHANY Management, and Broadway Builders, the project is the second location selected for the city’s municipal grocery store program, which aims to establish one publicly supported grocery store in each borough before the end of the mayor’s first term. The store will occupy commercial space within The Peninsula, the redevelopment of the former Spofford Juvenile Detention Facility along Spofford Avenue between Manida and Tiffany Streets.

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