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    Search results for "East Harlem" Housing Preservation & Development

    First Phase of 700-Unit Affordable and Sustainable Development Project in East Harlem Announced

    Housing Preservation & Development  •  Affordable Housing  •  East Harlem

    Rendering of Sendero Verde. Image Credit: HPD/Handel Architects

    The project will be financed under an HPD program that requires low and extremely low-income affordability and set-asides for the formerly homeless. On June 27, 2019, the Department of Housing Preservation and Development (HPD), the Housing Development Corporation (HDC,) L+M Development Partners, Jonathan Rose Companies, and Acacia Network announced finalized plans for the first stage of development of Sendero Verde in East Harlem in Manhattan. The site is located on 111th Street, bounded by 112th Street, Park Avenue, and Madison Avenue. The $223 million first phase of the project will be 100 percent affordable and will include 361 residential units, a new school, and an 18,000 square-foot publicly accessible courtyard featuring a children’s play area, seating areas, adult outdoor exercise equipment, and a stage for community events. (more…)

    Tags : affordable housing, Sendero Verde
    Date: 07/15/2019
    (4) Comments

    669 Affordable Units Preserved in New York City Neighborhoods

    Housing Preservation & Development  •  Affordable Housing  •  Citywide

    Preservation of Section 8 properties will prevent conversion to market-rate housing. On August 15, 2018, the Housing Preservation and Development, the Housing Development Corporation, and the LIHC Investment Group announced the preservation of 669 units of project-based Section 8 housing in high-cost City neighborhoods where similar buildings have been converted to market-rate housing. (more…)

    Tags : affordable housing, Article XI, high-cost neighborhoods, Section 8, section8
    Date: 08/23/2018
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