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NYC Department of Housing Preservation & Development

FOR IMMEDIATE RELEASE
Thursday, April 4, 2013

Eric Bederman (HPD) 212-863-5176


HPD COMMISSIONER WAMBUA ANNOUNCES PREFERENCE FOR DISPLACED SANDY VICTIMS AT ST. NICHOLAS PARK APARTMENTS, A NEW AFFORDABLE HOUSING DEVELOPMENT

Income-Eligible New Yorkers Displaced From their Homes Due To Storm Damage Receive 25% Preference in Lotteries for Low-Income Affordable Housing

New York, N.Y.— New York City Department of Housing Preservation and Development (HPD) Commissioner Mathew M. Wambua today announced the latest City-subsidized affordable housing development to offer preference to income-eligible New Yorkers displaced from their homes by Hurricane Sandy. Twenty-five percent of the units in St. Nicholas Park Apartments now being marketed in the Central Harlem section of Manhattan will be subject to the Sandy preference. All units are subject to a lottery managed by the developer and overseen by HPD. 

St. Nicholas Park Apartments is being developed as part of Mayor Michael R. Bloomberg’s New Housing Marketplace Plan (NHMP). The NHMP is a multi-billion dollar initiative to finance 165,000 units of affordable housing for half a million New Yorkers by the close of Fiscal Year 2014. For every dollar invested by the City, the Plan has leveraged $3.43 from other sources for a total commitment of more than $21 billion to fund the creation or preservation of over 144,700 units of affordable housing across the five boroughs, with more than 48,549 units financed in Manhattan. 

“We are determined to provide viable housing options for people who were displaced by Hurricane Sandy whenever and however we can,” said HPD Commissioner Wambua.   

“The ‘25 percent preference’ program instituted by HPD continues to create paths toward permanent, stable housing for residents displaced by Sandy”,” said Brad Gair, Director of the Mayor’s Office of Housing Recovery Operations. 

St. Nicholas Park Apartments is currently accepting applications. Completed applications must be returned by regular mail only and must be postmarked by May 20th, 2013. Qualified applicants will be required to meet income and family size guidelines and additional selection criteria. To request an application, mail a post card to St. Nicholas Park Apartments LP, 2214 Frederick Douglass Blvd, Suite #386, New York, NY 10026, or download the application from www.stnicholaspark.com. As per the City’s affordable housing lottery rules, current and eligible residents of Manhattan Community Board 10 will receive preference for 50 percent of the units. In addition, income-eligible applicants who can document displacement by Hurricane Sandy and/or its related storms will receive preference for 25 percent of the units. 

Located at 306 West 128th Street in Central Harlem, Manhattan, St. Nicholas Park Apartments will have a total of 30 units; 24 of the units will be affordable to households earning up to 60 percent of Area Median Income (AMI)—equal to a household income of $51,540/year for a family of four—and the remaining 6 units will be affordable to households earning up to 40 percent of the AMI, which is equal to a household income of $34,360/year for a family of four. Of the 30 apartments, there is a preference for qualified households displaced by Hurricane Sandy for 8 units in the building. There are a total of 18 one-bedroom units and 12 two-bedroom units. The anticipated completion date for the development is summer of 2013. 

St. Nicholas Park Apartments is a 100% smoke free and pet free community. The development will also have on-site a laundry room, fitness facility and bicycle storage. 

The total development cost for St. Nicholas Park Apartments is $10.7 million. HPD provided $900,000 in HOME funds. A total of $1.25 million in Reso A funds was provided by Council Member Inez E. Dickens. Citibank contributed $6.8 million in construction financing. Federal Low-Income Housing Tax Credits (LITHC) equity in the amount of $7 million will be syndicated by Richman Housing Group. 

The project was jointly developed by Monadnock Construction Inc. and Richman Group Development Corp. and partners. The design team was SLCEArchitects. 

The City of New York requires that subsidized apartments be rented through an open lottery system to ensure fair and equitable distribution of housing to eligible applicants. Marketing of the apartments and the application process for the lottery typically begin when construction is approximately 70 percent complete. For more information regarding the lottery process, current housing lotteries, how to apply to an open lottery, and if you would like to receive an e-mail when HPD updates its available apartment and home website listings for City-subsidized housing in the five boroughs, please visit the Apartment Seekers and Homebuyers pages at www.nyc.gov

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About the NYC Department of Housing Preservation and Development (HPD)

HPD is the nation’s largest municipal housing preservation and development agency. Its mission is to promote quality housing and viable neighborhoods for New Yorkers through education, outreach, loan and development programs and enforcement of housing quality standards. It is responsible for implementing Mayor Bloomberg’s New Housing Marketplace Plan to finance the construction or preservation of 165,000 units of affordable housing by 2014. Since the plan’s inception, more than 143,305 affordable homes have been created or preserved. For more information, visit www.nyc.gov/hpd 

About the Mayor’s Office of Housing Recovery Operations

The Mayor’s Office of Housing Recovery Operations is committed to planning and implementing innovative and effective solutions to the housing needs caused by Hurricane Sandy. Through NYC Rapid Repairs, the City has already completed emergency repairs on more than 17,000 residences. These emergency repairs are free of charge and include the restoration of heat, power and hot water and other limited repairs to protect a home from further significant damage. 




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