NYCHA signs latest deal to build more apartments on its land
The New York City Housing Authority (NYCHA) and the New York City Department of Housing Preservation and Development (HPD) have finalized a $ 60 million deal that will bring 101 new affordable apartments to Mott Haven in the Bronx.
Betances Family Apartments will be built on a once vacant commercial building on the corner of Willis and 146th Street that was demolished last year on NYCHA’s Betances VI campus. Construction will begin next month on the 101 unit development which will include 70 units for extremely low and low income households, 30 units for formerly homeless households and a superintendent unit.
The 15-story building, known as Betances Family Apartments, will be located at the corner of East 146th Street and Willis Avenue on NYCHA’s Betances VI campus.
The development is part of NextGeneration NYCHA designed to bring new mixed-income developments to the âunderutilizedâ land of the Authority. As part of Mayor Bill de Blasio’s far-reaching housing plan, the goal is to achieve short-term financial stability and diversify funding for the cash-strapped urban housing cluster and is part of the Authority’s commitment to provide 10,000 new affordable units for city residents.
Lemle & Wolff Development Company is the city’s partner on the project with Think! Architecture and Design, who designed the property, Alembic Community Development and the Bridge supportive housing group. Lemle & Wolff will also serve as the general contractor and property manager for the project. The bridge will provide on-site support services to residents.
Funding for the $ 60 million project includes a $ 9.2 million mortgage from Sterling National Bank, $ 14.7 million in HPD ELLA funding, $ 1 million in Reso A funds from board member Diana Ayala, $ 500,000 in Reso A funds from Bronx Borough President Ruben Diaz Jr., $ 2.5 million allocation from Federal Home Loan Bank of New York, $ 5.7 million in credit equity brownfield tax, $ 24 million in low income housing tax credits and $ 2.8 million in other sources.
“Betances Family Apartments continues the successful partnership between NYCHA and the 100% Affordable HPD program and is another example of what is possible when the city and its partners work together to support the vitality of neighborhoods like Mott Haven,” said the deputy mayor in charge of housing and the economy. Vicki summer development.
“NYCHA continually strives to take advantage of all ways we can support the Authority’s mission to increase opportunities for low and moderate income New Yorkers to access safe and accessible housing,” said said Greg Russ, president and CEO of NYCHA. âWe are excited to continue the legacy of promoting affordable housing options in the South Bronx, and we look forward to engaging with our partners and stakeholders on this dynamic project. “
The project follows a zoning change that was finalized in 2019. Buildings at Betances Family Apartments will include a children’s playroom, bicycle storage, outdoor green roof terrace and 24-hour building security. / 24 and 7/7. The ground floor of Betances Family Apartments will feature approximately 10,000 s / f of retail space designed to improve the availability of quality retail space in The Hub, the busiest shopping district in the Bronx.
The Bridge will provide a range of on-site support services, including case management, benefit counseling and links to community mental health, dental and addiction services. These services will be available to all households residing in Betances Family Apartments.
Betances Family Apartments will consist of 19 studios, 44 one-bedroom apartments, 24 two-bedroom apartments, 13 three-bedroom apartments, as well as a three-bedroom superintendent’s apartment. Thirty apartments will be reserved for former homeless people in need of support services, and the remaining 70 apartments will be available for households earning at least 80% of the median income in the region.
Current NYCHA residents will have preference for 18 of the apartments and will have the option to apply for the apartments through HPD’s Housing Connect lottery system.
NYCHA continues to own the land and buildings, administer the Section 8 grant and waiting list, and monitor development conditions. All units in the development must remain affordable at all times (rent cannot exceed 30 percent of residents’ income).
NYCHA will retain the rights to the developed land through a long-term land lease and provide oversight of the project. Developers will be required to train and hire NYCHA residents, and to proactively and regularly engage residents as the project progresses. Rents will be stabilized in completed buildings.
The Betances Houses were named in honor of the 19th century physician and revolutionary, Dr RamÃ³n Emeterio Betances (1827-1898). Often referred to as the “Abraham Lincoln of Puerto Rico” for his efforts to free slaves, Betances was the son of a wealthy landowner who received his medical degree from the University of Paris. He founded a hospital in Mayaguez where he treated victims of a cholera epidemic. In 1867 he organized an abortive insurrection against the Spanish colonial government. Betances received the Legion of Honor by the French government for its contribution to literature.
It is believed that the vacant lot on East 142nd Street by Betances V was once occupied by part of the residence and sculpture studio of the Piccirilli family, a father and six sons who were renowned marble sculptors and sculptors whose the works included the statue of Abraham Lincoln in the Lincoln Memorial in Washington, DC, ‘Patience’ and ‘Fortitude’ – the two lions in front of the New York Public Library on Fifth Avenue in Manhattan, as well as many other statues around of New York and the nation. This block is co-named Place Piccirilli.
(Visited 1 times, 16 visits today)