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NYC Department of Housing Preservation & Development
Press Room

FOR IMMEDIATE RELEASE

August 25, 2003

Press Contact: Carol Abrams (212) 863-5176
To request a homeownership kit, call 311.
Click here for HPD's lists of affordable homes

NYC HOUSING DEPARTMENT ANNOUNCES APPROXIMATELY SIX HUNDRED ONE- AND TWO- FAMILY HOMES FOR SALE IN QUEENS

The New York City Department of Housing Preservation and Development (HPD) announces that applications are now available for approximately six hundred one- and two-family homes at Arverne by the Sea in Queens. The homes are located between Beach 62nd Street and Beach 81st Street, north of Shore Front Parkway and south of Rockaway Freeway.

Eligible buyers must qualify for mortgage financing and meet additional criteria. For example, a purchaser with an income of $55,000 would be required to provide a minimum down payment of 10% of the purchase price. Prices start at $395,000. Buyers must occupy at least one unit of the home as their primary residence. Log on to nyc.gov/hpd for more information.

To request an application, please send a self-addressed envelope to: Arverne by the Sea, 101 B73rd Street, Arverne, NY 11692 or visit www.arvernebythesea.com to download an application.

Completed applications must be returned by regular mail only to the post office box number indicated in the application package, and must be postmarked by October 21, 2003. Applications will be selected by lottery. Eligible applicants residing in Queens Community Board 14 will receive preference for half of the homes. Active uniformed New York City Police Officers will receive preference for 5% of the homes. Only one application per household may be submitted.

Two informational seminars will be held at The Beach Club, 129 Beach 116th Street, Far Rockaway, NY 11693 on September 9 at 7:00 p.m. and October 7 at 7:00 p.m.

HPD's mission is to promote quality housing and viable neighborhoods for New Yorkers. The department is the nation's largest municipal housing development agency. Since Fiscal Year 1987, the agency has completed the construction or rehabilitation of 204,000 units of affordable housing. For more information about affordable rental housing, call the City's Citizen Service Center at 311 or log on to nyc.gov/hpd




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