Atrium at Sumner is one of several new affordable housing projects to break ground in the outer boroughs this summer as part of a public-private collaboration between city agencies and for-profit developers. The forthcoming property is located on Marcus Garvey Boulevard between Park Avenue and Myrtle Avenue on NYCHA‘s Sumner Houses campus in Bedford-Stuyvesant, Brooklyn.
New York City Housing Development Corporation
Greenpoint‘s latest affordable housing property will soon take shape at 35 Commercial Street following the acquisition of $170 million in construction financing. The forthcoming property is located within the Greenpoint Landing mega-complex in north Brooklyn and will eventually introduce 374 affordable housing units to the neighborhood.
The New York City Department of Housing Preservation and Development, the New York City Housing Development Corporation, and The New York Public Library are working together to launch a new 100-percent affordable housing property in Inwood with a public library, a preschool, and a multitude of community facilities. Located at 4790 Broadway, the 14-story property will debut as The Eliza in honor of Eliza Hamilton, the wife of Alexander Hamilton.
Construction is imminent on Twin Parks Terrace, a 14-story affordable housing development in the Bronx’s Fordham Heights neighborhood. Settlement Housing and Joy Construction are developing the project on land owned by New York City Housing Authority (NYCHA), in partnership with New York City Department of Housing Preservation and Development, New York City Housing Development Corporation, and NYCHA. Danois Architects is designing the mixed-use building that will include 182 residential units, amenities, 10,489 square feet of ground-floor retail, and 1,883 square feet of community facility space.
The affordable housing lottery is now open for Van Dyke II, a 12-story mixed-use development at 405 Dumont Avenue in Brownsville, Brooklyn. Designed by SLCE Architects and developed by Trinity Financial in partnership with the city’s Department of Housing Preservation and Development, the Housing Development Corporation, the Housing Authority, the 205,500-square-foot will yield a total 188 units in a mix of studios, one-, two-, and three-bedroom units. Available on NYC Housing Connect are 125 apartments for residents at 30 to 60 percent of the area median income, ranging in eligible income from $15,086 to $84,600.