MSY Group has received preliminary approval for financial incentives to support a $39.1 million affordable senior housing development project in Yonkers. The development will transform 0.47 acres of vacant land at 221-223 Buena Vista Avenue into a nine-story multi-family residential building designed specifically for seniors.
The affordable housing lottery has launched for 3991 Saxon Avenue, a six-story residential building in Kingsbridge, The Bronx. Designed by Badaly Architects and developed by Leunard Vushaj, the structure yields 17 residences. Available on NYC Housing Connect are 17 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $105,840 to $250,380.
Construction is complete on Hanson Place Community Plaza, a 13-story affordable housing complex at 142 South Portland Avenue in Fort Greene, Brooklyn. Designed by OCV Architects and developed by Hanson Place Church Support Corporation and MDG Design & Construction, the $65.7 million project yields 104 affordable apartments for low- to moderate-income households as well as 22,000 square feet of community space, 8,000 square feet for health programming, and 900 square feet for the Hanson Place Church Support Corporation ministries. The property is bound by Hanson Place to the north and South Elliott place to the south.
The affordable housing lottery has launched for 2777 Atlantic Avenue, an eight-story mixed-use building in Cypress Hills, Brooklyn. Designed by Nikolai Katz Architect and developed by Michael Rosenberg of Urbane Management Team Inc, the structure yields 63 residences. Available on NYC Housing Connect are 19 units for residents at 40 to 130 percent of the area median income (AMI), ranging in eligible income from $26,092 to $181,740.
Construction is finished on 35 Commercial Street, a 22-story, 100-percent affordable housing building in the Greenpoint Landing mega-complex in Greenpoint, Brooklyn. Designed by Handel Architects and developed by Park Tower Group along with Greenpoint Landing Associates, New York City’s Housing Preservation & Development (HPD), and the Housing Development Corporation (HDC), the structure yields 374 permanently affordable apartments and 7,600 square feet of lower-level retail space. The all-electric project is bound by Commercial and Clay Streets to the south and Bell Slip to the west.
