Housing Redevelopment Programs

HOUSING REDEVELOPMENT PROGRAM

Neighborhood Ownership Works (NOW)

Neighborhood Ownership Works (NOW) conveyed clusters of occupied and vacant city-owned buildings throughout New York City to selected community-based, nonprofit organizations for rehabilitation and operation as rental housing. HPD maintained ownership of the properties during construction, which was financed through a combination of city and federal funds. After construction completion, HPD sold the properties to non-profit organizations. The structure of NOW is very similar to the Neighborhood Redevelopment Program, with the difference that under NOW, the moderate rehabilitation of the city-owned buildings was performed while in city ownership. Through the NOW program, the BAALDC manages 394 units in 15 former City-owned properties.

Address Number Of Units Commercial Units
163 West 170th Street 32 3
440 East 182nd Street 30 1
660 Crescent Avenue 25 0
1329 College Avenue 40 0
1360 Nelson Avenue 21 0
1365 College Avenue 21 0
1374 College Avenue 27 0
1378 College Avenue 27 0
1350 Ogden Avenue 29 3
1385 Nelson Avenue 42 0
2216 Adams Place 21 0
2246 Webster Avenue 21 0
2247 Webster Avenue 21 0
2249 Webster Avenue 21 0
2428 Beaumont Avenue 16 0

Neighborhood Redevelopment Program (NRP)

The Neighborhood Redevelopment Program (NRP) coveys clusters of occupied and vacant city-owned buildings throughout New York City to selected community-based nonprofit organizations for rehabilitation and operation as rental housing. Once the properties are sold to the non-profit organization, rehabilitation is financed by HPD through the sale of Low-Income Housing Tax Credits, which also provides reserves to cover future capital needs and operating costs. Initial rents for vacant units may not exceed market rents for apartments of comparable size in the neighborhood. However, units were primarily subsidized with LIHTC and HOME funds requiring apartments to be rents to households earning 50% or 60% of AMI. As of December 31st, 2016, twenty-seven buildings have been rehabilitated under the NRP program comprising of 396 units. 2089/91 Arthur Avenue rehabilitation will be completed in the year 2017.

Arthur Clinton Apartments

Address Number Of Units Commercial Units
565 East 178th Street 20 0
2131 Clinton Avenue 28 0
2089/91 Arthur Avenue 55 1

Central Bronx Housing Apartments

Address Number Of Units Commercial Units
469 East 184th Street 4 0
517 East 187th Street 3 0
2386 Bathgate Avenue 13 0

Clay Walton Apartments

Address Number Of Units Commercial Units
315 East 170th Street 5 1
369 East 169th Street 3 1
380 East 173rd Street 17 2
1068 Findlay Avenue 9 0
1069 Walton Avenue 31 0
1216 College Avenue 11 0
1694 Clay Avenue 18 0

Stebbins Prospect Apartments

Address Number Of Units Commercial Units
758 East 168th Street 21 0
764 East 168th Street 15 0
1091 Prospect Avenue 23 0
1279 Stebbins Avenue 26 0
1421 Prospect Avenue 15 0

Tri-Bel Apartments

Address Number Of Units Commercial Units
547 East 180th Street 20 0
579 East 178th Street 11 0
586 East 179th Street 8 0
611 East 178th Street 16 0
2029 LaFontaine Avenue 11 0
2045 Southern Blvd 30 0
2319 Crotona Avenue 8 0
1993 Bathgate Avenue 15 0
4424 Park Avenue 2 0
4691 Park Avenue 13 0

New York State Tax Credit Program

Crotona Park North Apartments were originally funded by New York State Department of Housing and Community Renewal in 1992 under the Housing Trust Fund program. In 2014 the New York State Department of Housing Rehabilitation provided $5,791,122.00 under the New York State Tax Credit Program towards the upgrade of these 67 units.

CROTONA PARK NORTH APARTMENTS (HCR / TAX CREDIT)

Address Number Of Units Commercial Units
756 East 175th Street 36 0
1791 Prospect Avenue 31 0

SIP Building Program

The Special Initiatives Program (SIP) was a turnkey program to develop vacant city-owned property where either HPD or the New York City Housing Authority (NYCHA) supervised private contractors during constriction, and then conveyed ownership of all newly-constructed or rehabilitated buildings to qualified non-profit sponsors. Originally, 100 percent of the units were reserved for homeless residents, but HPD later modified the program to require a mix of 60 percent homeless, 20 percent low-income, and 20 percent moderate-income households. The formerly homeless population was eligible for Section 8 vouchers, and the rent revenue from Section 8 residents not only covered building maintenance costs, but also provided a revenue steam which allowed non-profit sponsors to make social services available to the residents. These requirements terminated in 2016 and now all future vacant units will be available to the general public as long as they do not exceed income guidelines.

BATHGATE BELMONT APARTMENTS

Address Number Of Units Commercial Units
480 East 183th Street 20 0
2270 Washington Avenue 20 0

WASHINGTON AVENUE APARTMENTS

Address Number Of Units Commercial Units
2183 Washington Avenue 21 0
4470 Park Avenue 20 0

WEEKS AVENUE APARTMENTS

Address Number Of Units Commercial Units
1772 Weeks Avenue 20 0
1776 Weeks Avenue 20 0
1814 Weeks Avenue 9 0

NON-CLUSTERED SIP BUILDINGS

Address Number Of Units Commercial Units
280 East 166th Street 20 0
1051 College Avenue 20 0
1055 College Avenue 20 0
1106 Morris Avenue 43 0
1114 Morris Avenue 48 0
1330 Morris Avenue 34 0

Third Party Transfer Program

HPD created the Third Party Transfer Program (TPT) in 1996 as an alternative to owning and managing in-rem properties. Under the TPT, when New York City forecloses on properties for unpaid real estate taxes, ownership is transferred directly to Neighborhood Restore, a non-profit organization. Neighborhood Restore, in turn, works with qualified non-profit and for-profit developers to stabilize, manage, and plan for the rehabilitation and future ownership of these properties. This includes arranging financing which may include HPD and LITHC sources. Neighborhood Restore then transfers ownership of the properties to the qualified developer who must rehabilitate the building if necessary and continue to manage the property as affordable housing. Three of the four buildings listed below comprising of 94 units have been completed and are occupied. 62/66 W. Tremont Avenue is currently under rehabilitation and is slated to be completed by the end of year 2017.

THIRD PARTY TRANSFER BUILDINGS

Address Number Of Units Commercial Units
25 Elliot Place 43 0
982 Prospect Avenue 21 0
2037 Webster Avenue 30 2
62/66 W. Tremont Avenue 90 1

Section 202 Program-Supportive Housing for the Elderly

The Section 202 Program is designed to enable very low income elderly (62 years of age or older) and disabled persons to live independently by increasing the supply of rental housing with supportive services. The U.S. Department of Housing and Urban Development (HUD) provides capital advances to finance the construction, rehabilitation or acquisition that will serve as supportive housing for very low-income elderly persons, including the frail elderly, and provides rent subsidies for the projects to help make them affordable.

The BAALDC has thus far completed four Section 202 housing projects. All facilities feature community rooms, gardening plots, backyards with seating areas, laundry rooms, private parking, and 24 hour security. Rents are subsidized under the Section 202/8 Program so that eligible tenant pay no more than 30% of their income for rent.

SECTION 202 PROGRAM BUILDINGS

Address Number Of Units Commercial Units
660 East 183rd Street 98 0
780 East 185th Street 96 0
2327 Southern Blvd 87 0
1201 Findlay Avenue 165 0

The BAALDC has been assigned 5 buildings formally under HPD’s Tenant Interim Lease program. These buildings failed to achieve the goals of the tenant interim lease program and were transferred to the BAALDC as affordable rentals under a regulatory agreement with the City of New York. All of these buildings were rehabilitated by contractors selected by HPD and after rehabilitation were assigned to the BAALDC to own and manage as affordable housing.

Address Number Of Units Commercial Units
1105 College Avenue 35 4
1106 College Avenue 10 0
1114 College Avenue 16 0
1130 College Avenue 16 0
1993 Morris Avenue 3 0

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