Affordable housing

Housing Lottery Launches for Clermont Area HDFC at 389 Clinton Avenue in Clinton Hill, Brooklyn

The affordable housing lottery has launched for Clermont Area HDFC, a seven-story residential building at 389 Clinton Avenue in Clinton Hill, Brooklyn. Originally built in 1930, the prewar building yields 41 residences. Available on NYC Housing Connect is a waiting list to fill one vacant unit for purchase at 120 percent of the area median income (AMI), ranging in eligible income from $85,000 to $285,000. Eligible buyers must put at least 10 percent down.

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Rendering courtesy of GZA GeoEnvironmental Inc..

Rendering Reveals Nine-Building Residential Development in East Flatbush, Brooklyn

Bawabeh Holdings has filed a rezoning application for a nine-building, 1.2-million-square-foot residential complex on the border of East Flatbush and Brownsville, Brooklyn. Designed by IMC Architecture and developed under the Midyan Gate Realty No. 2 LLC, the conjoined structures would stand 14 to 15 stories and yield 972 rental apartments, or 108 units per building, with an average scope of 950 square feet. The project would also include 136,112 square feet of retail space, 103,472 square feet of community facility space, and a 114-vehicle parking garage. The property is bounded by East 98th street to the northeast, Winthrop Street to the northwest, Kings Highway to the east, and Rockaway Place to the west.

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Housing Lottery Launches for Park Towers HDFC at 644 Riverside Drive in Hamilton Heights, Manhattan

The affordable housing lottery has launched for Park Towers HDFC, a 12-story residential building at 644 Riverside Drive in Hamilton Heights, Manhattan. Originally built in 1914, the prewar building was fully renovated including a new roof, façade work, windows, and yields 93 residences. Available on NYC Housing Connect are 24 units for purchase at 120 percent of the area median income (AMI), ranging in eligible income from $70,462 to $317,520. Eligible buyers must have at least 10 percent down.

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The Peninsula Complex Selected For Municipal Grocery Store In Hunts Point, The Bronx

A 20,000-square-foot municipal grocery store is planned for The Peninsula mixed-use development in Hunts Point, The Bronx, with an expected opening date in 2027. Developed by Gilbane Development, The Hudson Companies, MHANY Management, and Broadway Builders, the project is the second location selected for the city’s municipal grocery store program, which aims to establish one publicly supported grocery store in each borough before the end of the mayor’s first term. The store will occupy commercial space within The Peninsula, the redevelopment of the former Spofford Juvenile Detention Facility along Spofford Avenue between Manida and Tiffany Streets.

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Two-Tower Residential Building Revealed for 168 Sip Avenue in Jersey City, New Jersey

A new rendering has been revealed for 168 Sip Avenue, a proposed 35-story two-tower residential building in Journal Square, Jersey City. The project would be built in two phases and is planned to yield 648 market-rate units, 72 affordable housing units, and 7,600 square feet of ground-floor commercial space. The development would also include a 200-vehicle parking garage. The 0.81-acre property is located at the corner of Sip and Tonnelle Avenues, within the Journal Square 2060 Rehabilitation Area.

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