Earlier this week, the New York Botanical Gardens and Douglaston Development announced a collaboration to complete two new affordable housing projects in The Bronx’s Bedford Park. The buildings will take shape near the northwest corner of the New York Botanical Gardens at 2856 Webster Avenue and 410 Bedford Park Boulevard.
A block in the Warburton Ravine Urban Renewal Area of Yonkers will soon see a significant overhaul thanks to the Yonkers Industrial Development Agency (IDA). On September 4, the IDA gave preliminary approval of financial incentives for a $72 million development known as Point & Ravine Apartments, developed through a public partnership between the City of Yonkers and developer Conifer Realty LLC. Construction costs are estimated at $43.4 million and land acquisition at $8.24 million.
The housing lottery is now open for 810 Fulton Street, a 12-story affordable housing development in Clinton Hill, Brooklyn. Alternately addressed as 475 Clermont Avenue, the newly constructed development by Rose Associates offers 37 affordable rentals in the form of studios, one-bedrooms, and two-bedrooms to New York households with incomes from $81,258–$159,640.
Proposals from Camber Property Group reveal a massive expansion of Stevenson Commons, a mixed-income residential complex in the Soundview section of The Bronx. If approved by New York City’s Department of City Planning, the expansion will establish six new buildings with a sizable portion of residences reserved for senior demographics.
Catholic Charities Progress of Peoples Development Corporation, abbreviated as Catholic Charities, has begun construction on a new six-story affordable housing project for seniors in Astoria, Queens. Located at 23-11 31st Road, the project will debut as Bishop Valero Residence with 102 units designated for low-income seniors and the formerly homeless.