The City Council holds an oversight hearing on NYCHA’s public-private partnership agreement. Image credit: CityLand
NYCHA Chairwoman Shola Olatoye answered questions on the Triboro Preservation Partners agreement. On February 10, 2015 the City Council Committee on Public Housing held an oversight hearing on Triborough Preservation Partners, a public-private agreement between the New York City Housing Authority, L+M Development Partners, and BFC Partners. The venture was designed to rehabilitate six of NYCHA’s Section 8 properties containing nine hundred units: Bronxchester Houses, Saratoga Square, Campos Plaza, Milbank-Frawley, East 4th Street, and East 120th Street. Under the terms of the agreement, L+M and BFC own a fifty percent stake in the properties over the next thirty years.
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Map of Approved Central Harlem Rezoning. Image Credit: CPC.
Rezoning approved for project that will restore historic church building and provide thirty percent affordable housing to Harlem residents. On June 17, 2014, the City Council Land Use Subcommittee for Zoning and Franchises heard an application submitted by 117th Street Equities, LLC (Artimus) for a zoning map amendment to facilitate a mixed-use development in Central Harlem, Manhattan. The map amendment would rezone an existing R7A to an R8A zoning district on a block bounded by West 117th and West 118th streets, St. Nicholas Avenue and Fredrick Douglass Boulevard. The development is comprised of four buildings that consist of approximately 151 dwelling units and 12,201 square feet of community facility use. (read more…)
