Affordable housing

Beach 21st Street, via NYCEDC

670 New Affordable Apartments Revealed at Beach 21st Street, Far Rockaway

Plans have been revealed for 670 new affordable apartments within two buildings in Downtown Far Rockaway, Queens. The project comes as part of the neighborhood’s rezoning announced last September. The NYC Economic Development Corporation (NYCEDC) along with the Department of Housing Preservation and Development (HPD), and the Housing Development Corporation (HDC) jointly announced the project.

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Developers Land $60M in Financing for 975 Tiffany Avenue, Longwood, The Bronx

Developed in a partnership between Property Resources Corp. and Camber Property Group, 975 Tiffany Avenue will officially move forward following the securing of $60 million in construction financing. Located in the Longwood neighborhood of The Bronx, the 100% affordable residential project will rise a total of eight stories, replacing a privately owned vacant lot and a private parking lot.

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Permits Filed for Phase One of Spofford Redevelopment Project “The Peninsula,” Hunts Point, The Bronx

This March, YIMBY covered the approval of the Spofford Juvenile Detention Center by the NYC Council Committee on Land Use. Now, permits have been filed for a fourteen-story mixed-use building at 720 Tiffany Street in Hunts Point, The Bronx. The new development, named ‘The Peninsula,’ will be six blocks from the Longwood Avenue subway station, serviced by the 6 trains. Six blocks further is the Prospect Avenue subway station, serviced by the 2 and 5 trains. The NYC Economic Development Corporation (NYCEDC) is leading the transformation.

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