Phipps Houses

Rendering of Rockaway Village Phase Four - Marvel Architects

Phipps Houses Closes on $116M Package to Complete Rockaway Village Affordable Housing Development in Far Rockaway, Queens

Phipps Houses has closed on $116 million in financing to complete the fourth phase of Rockaway Village, a mixed-use affordable housing project in Far Rockaway, Queens. The ongoing development is slowly replacing an abandoned shopping center and will comprise 1,700 units of affordable housing, 120,000 square feet of commercial and community facility space, and 590 parking spaces.

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Housing Lottery Launches for 692 Units at Rockaway Village in Far Rockaway, Queens

The affordable housing lottery has launched for Rockaway Village Apartments, three residential buildings at 1701, 1721, and 1725 Village Lane in Far Rockaway, Queens. Designed by Marvel Architects and developed by Phipps Houses, the structures yield a total 1,693 residences. Available on NYC Housing Connect are 692 units for residents at 30 to 100 percent of the area median income (AMI), ranging in eligible income from $15,806 to $148,000. Due to system capacity limitations the 550 units advertised do not represent actual unit availability. There are an additional 18 studios, 26 one-bedrooms, 72 two-bedrooms, and 26 three-bedroom units in the 100 percent AMI tier not reflected below.

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Affordable Housing Lottery Launches for Apex Place Apartments in Forest Hills, Queens

The affordable housing lottery has launched for Apex Place Apartments at 62-11 108th Street and 108-75 62nd Drive, Buildings A and C of a three-building residential project in Forest Hills, Queens. Developed by Phipps Houses, the complex includes one 17-story building and two 13-story buildings yielding 430 residences. Available on NYC Housing Connect are 267 units for residents at 50 to 140 percent of the area median income (AMI), ranging in eligible income from $27,498 to $207,200.

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Rendering of Atlantic Chestnut 1 Phase

Phipps Houses Secures $217 Million Financing for Phase 1 of Atlantic Chestnut Development in East New York, Brooklyn

Non-profit housing developer Phipps Houses closed on $217 million in construction financing for the first phase of Atlantic Chestnut, a massive three-phase development in Brooklyn. When completed, Atlantic Chestnut will bring 1,200 affordable housing units to the East New York neighborhood under the 2016 East New York Rezoning. With Dattner Architects handling design, the Atlantic Chestnut development will consist of three mid-rise apartment buildings featuring affordable apartments, 60,000 square feet of commercial and community facility space, attended parking for 200 cars, and residential amenities comprising of a gym, children’s playroom, a lounge, a party room, and landscaped courtyards and roof deck. The project is being built by Monadnock Construction.

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