Camber Property Group has completed a $105 million acquisition of three Project Based Section 8 affordable housing complexes formerly owned by Omni New York. The three properties include Grace Towers, a 168-unit building in East New York, Brooklyn; Target V Apartments in the Morris Heights section of The Bronx; and Madson Apartments in East Harlem.
The affordable housing lottery has launched for 668 Bushwick Avenue, a six-story mixed-use building in Bushwick, Brooklyn. Designed by Genaro Urueta and developed by Tsvi Lipsitz of Affordable Housing Real Estate Corp., the structure yields 52 residences. Available on NYC Housing Connect are 15 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $71,658 to $167,570.
The affordable housing lottery has launched for 101 West End Avenue, a 35-story residential building on the Upper West Side of Manhattan. Designed by SLCE Architects and developed by The Dermot Company, the structure was built in 1999 and yields 498 residences. Available on NYC Housing Connect are 26 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $73,200 to $167,570.
The affordable housing lottery has launched for 1769 Jerome Avenue, a 16-story mixed-use building in Morris Heights, The Bronx. Designed by Marvel Architects and developed through the Jerome Housing Development Fund, the structure yields 175 residences. Available on NYC Housing Connect are 60 units for residents at 60 to 80 percent of the area median income (AMI), ranging in eligible income from $34,972 to $118,400.
The Department of City Planning is currently reviewing plans to construct a new seven-story mixed-use building at 3285 Fulton Street in Cypress Hills, Brooklyn. Presented in partnership by Cypress Hills Local Development Corporation and MHANY Management, the development would include a new daycare facility and 33 affordable homes for seniors.
