Brooklyn, NY. 9 building portfolio to be rehabilitated and brought to Passive Housing standards. Financing from Tax Credit, LIHTC, and Bond sources.
New construction of 76 affordable residential units and a new church facility in Flatbush, Brooklyn.
New construction of 400 mixed-income apartments, nearly 300 of which will be affordable, 65,000 square feet of commercial space, 5,000 square feet of cultural facilities, and 10,000 square feet of public open space.
New construction of permanent housing which will bring 125 new apartments for homeless and low-income families to Brooklyn's under served Brownsville neighborhood.
Passive Housing supportive residence in The Bronx designed for seniors who are exiting homelessness or living on very low incomes which will also include a community facility space.
Bronx, NY. 121-unit building located on privately owned vacant land in the West Farms neighborhood of the Bronx. The project will be a mix of supportive and affordable housing for low-income families. Financed with New York State Housing Finance Agency Tax Exempt Bonds and Low Income Housing Tax Credits, NYS HCR Low Income Housing Credits, and NYS HCR SHOP Subsidies.
Bronx, NY. 80-unit located on vacant land in the Norwood neighborhood of the Bronx. The project will be a mix of studio, 1, 2 and 3 bedroom apartments along with on-site program space. Financed with NYS HCR Low Income Housing Tax Credits, NYS HCR State Low Income Housing Tax Credits, and NYS HCR Middle Income Housing Program Loan.
Queens, NY. Renovation and rehabilitation of an estimated 206 residential units; 131 of which will be affordable housing units and 75 units being used for supportive housing. The redevelopment will provide 200+ units of supportive housing for special needs and homeless tenants, as well as affordable housing for low- to moderate-income households in the heart of Jamaica, Queens. The forward commitment of $21 million in permanent financing was secured on behalf of affordable housing developer, the project is the largest 9% Low-Income Housing Tax Credit allocation ever made in New York City.
Brooklyn, NY. Conversion of a luxury hotel to more than 500 units of affordable housing in one of the city's most expensive neighborhoods, including a 30,000-square-foot commercial and community space and a new plaza. More than half of the apartments, 305 units, will be slated for formerly homeless New Yorkers and 202 will be available to low-income to moderate-income households. $2 million from City Council, $155 million the city's Department of Housing Preservation and Development and a $10 million grant from Enterprise Community Partners.
Queens, NY. Following the demolition of pre-existing dilapidated and blighted buildings, a mixed-income 25 story tower that consists of 380 affordable mixed income units, with a mix of studios, 1-bedrooms, and 2-bedrooms, as well as amenity spaces which include a lounge, business center, children’s playroom, fitness center, and outdoor recreation space. We worked closely with city and state agencies such as HPD, HDC, DEC, & OER.
New York, NY. A 136-unit, 100% affordable building for seniors. The $65-million project is being financed by Wells Fargo and city housing agencies. The project is subdividing underutilized land and implementing recent zoning that provide density bonuses for the creation of senior affordable housing.