A quartet of affordable housing projects in the city are getting a funding boost of more than $50 million total.
The money for the outer-borough developments comes from federal and state low-income housing tax credits, Gov. Kathy Hochul and Rep. Paul Tonko, a Democrat representing upstate counties including Albany, announced Tuesday morning. Overall, 28 projects throughout the state are receiving more than $270 million from the funding.
The city projects that received funding are:
Hillside Avenue Apartments in Jamaica Estates, Queens: an affordable and supportive housing project with 92 units, 56 of which include services for the homeless and vulnerable. The development includes an outpatient mental health clinic as well. It received $15.4 million.HOGAR Eagle Gardens in Morrisania, the Bronx: an affordable and supportive housing project with 83 units, 50 of which are for homeless individuals. The development received $14.6 million.Van Cortlandt Avenue Apartments in Bedford Park, the Bronx: a 12-story affordable and supportive housing project with 78 units, 47 of which include services for the homeless and vulnerable. The development received $13.9 million.Bartlett Crossing in Williamsburg, Brooklyn: a mixed-use project with two buildings, 78 residential units and 1,200 square feet of retail space. The project received $9.9 million.
Of the four projects, Hillside is the only one that is completed; the rest are still under construction.
Hochul has made expanding New York’s housing supply a major priority of her administration, highlighted so far by a package included in last year’s state budget that featured policies including a tax incentive for office-to-residential conversions and raising the city’s residential density cap. In her announcement, she also called on the federal government to pass bipartisan legislation expanding the federal low-income housing tax credit, saying it would pave the way for more than 2 million new homes nationwide and more than 100,000 in New York.
“Some have given up,” she said of the sitting Congress. “I won’t.”
