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    Search results for "Bedford-Stuyvesant, Brooklyn"

    Council Approves Application for Construction of New Affordable Housing Development in Bedford-Stuyvesant, Brooklyn

    City Council  •  ULURP  •  Bedford-Stuyvesant, Brooklyn

    Rendering of the 776-780 Myrtle Avenue development as presented throughout the ULURP process; however, there may be minor aesthetic changes made. / Image Credit: Urban Architectural Initiatives

    The new nine-story building would bring approximately 36 housing units for the formerly homeless. On October 17, 2019, the City Council voted to approve a land use application to facilitate the construction of a new nine-story mixed-use residential and commercial building on three vacant City-owned lots at 776-780 Myrtle Avenue in the Bedford-Stuyvesant neighborhood of Brooklyn. To facilitate the project, the application asks for two land use actions. First, the three City-owned vacant lots will be transferred to IMPACCT Brooklyn to develop the building. Second, the development will take advantage of the Urban Development Action Area Program property tax exemption for new development on formerly City-owned land. The Department of Housing Preservation and Development, IMPACCT Brooklyn, and Urban Architectural Initiatives are the applicants.

    On August 28, 2019, the City Planning Commission voted to approve the application. For CityLand’s prior coverage on this decision, click here.

    (more…)

    Tags : 776-780 Myrtle Avenue, Department of Housing Preservation, Furman Center on Real Estate and Urban Development, Grand Lo Cafe, IMPAACT Brooklyn, Income Averaging, Low Income Housing Tax Credit, Passive House standards, Supportive Housing Loan, Urban Architectural Initiatives
    Date: 11/13/2019
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