LISC NY and MURAL Real Estate Partners have finalized a $24.7 million construction loan for two projects on Hillside Avenue between 161st Street and 162nd Street in Jamaica, Queens. The funding, which is the largest in LISC NY’s history, will help to construct more than 230 affordable housing units and approximately 20,000 square feet of retail space in Jamaica.
The affordable housing lottery has launched for 132-53 41st Avenue, a six-story residential building in Flushing, Queens. Designed by Lin & Associates Architects, the structure yields 14 residences. Available on NYC Housing Connect are five units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $75,429 to $227,630.
The affordable housing lottery has launched for 779 Flatbush Avenue, a seven-story mixed-use building in Flatbush, Brooklyn. Designed by Eric Safyan Architect and developed by 779 Flatbush Propco LLC, the structure yields 27 residences. Available on NYC Housing Connect are six units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $80,572 to $165,230.
The affordable housing lottery has launched for 1214 Dean Street, a newly rehabilitated two-family, five-bedroom home available for sale through the Small Homes Rehab NYCHA program cluster III in Crown Heights, Brooklyn. Developed by Restoring Urban Neighborhoods LLC, the structure consists of an owner’s unit with four bedrooms and 2.5 bathrooms, and a rental unit with one bedroom and one bathroom. It is available on NYC Housing Connect for first-time homebuyers at 110 percent of the area median income (AMI), ranging in eligible income from $124,006 to $205,040.
The affordable housing lottery has launched for 26-36 4th Street, a six-story mixed-use building in Astoria, Queens. Designed by Gerald Caliendo and developed by Dr. Baldhevai Patel, the structure yields 10 residences. Available on NYC Housing Connect are three units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $87,429 to $165,230.
