Acacia Network and Phipps Houses recently celebrated the grand opening of Santaella Gardens, a 249-unit affordable housing property in the Soundview section of The Bronx. Located at 1230 Metcalf Avenue, available homes are reserved for individuals and households earning between 30 percent and 90 percent Area Median Income (AMI), as well as 25 units for the formerly homeless.
The affordable housing lottery has launched for 100 Lenox Road, an eight-story residential building in Flatbush, Brooklyn. Designed by S. Wieder Architect with Input Creative Studio as the interior design team and Beitel as the developer, the structure yields 95 residences. Available on NYC Housing Connect are 29 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $64,286 to $167,570.
Permits have been filed for a 13-story mixed-use building with affordable housing at 746 East 5th Street in Alphabet City, Manhattan. Located between Avenue C and Avenue D, the lot is near the Delancey Street-Essex Street subway station, serviced by the F, J, M, and Z trains. Manny Ashourzadeh under the Golbar LLC is listed as the owner behind the applications.
Permits have been filed for an 11-story residential building with affordable housing for seniors at 57 Marcus Garvey Boulevard in Bedford-Stuyvesant, Brooklyn. Located between Park and Myrtle Avenues, the lot is two blocks from the Myrtle Avenue subway station, serviced by the J, M, and Z trains. NYC Housing Authority and NYC Health + Hospitals is listed as the owner behind the applications.
L+M Development Partners, Type A Projects, and MSquared recently closed on $42 million in construction financing to complete a 78-unit affordable housing project in Newark, New Jersey. The property will occupy a portion of an existing residential complex at 250 Georgia King Village in the city’s Fairmount neighborhood.
