Albany still hasn’t resurrected the 421-a tax exemption program, and developers of big affordable housing projects have become tired of waiting for a tax break that may not return. Now Procida Companies is pushing forward with one of those developments, a 300-unit affordable housing complex at 96 New Lots Avenue in Brownsville.
New details are emerging of the affordable mixed-use project planned at 110 New Lots Avenue, in southern Brownsville. The project was reported to consist of 481 units when plans were first unveiled in October. Developers have now filed applications with the Department of City Planning to rezone the two-block assemblage for a multi-building project, called Ebenezer Plaza, with a total 512 apartments, an increase of 31 units. All of the units would rent at below-market rates.