Income-Eligible New Yorkers Displaced From their Homes Due To Storm Damage Receive 25% Preference in Lotteries for Low-Income Affordable Housing
Brooklyn, N.Y.— New York City Department of Housing Preservation and Development (HPD) Commissioner Mathew M. Wambua today announced the latest housing developments to offer preference to income-eligible New Yorkers displaced from their homes by Hurricane Sandy. Mutual Housing Association of New York (MHANY) Management Inc. will add a total of 26 affordable units in seven buildings being rehabilitated in the Bedford Stuyvesant, Brownsville, and East New York neighborhoods of Brooklyn. The project will include 15 affordable units reserved for low-income households. The remainder of the affordable units is reserved for tenants in need of relocation from other MHANY properties that are currently under construction. Twenty-five percent of the 15 affordable units will be subject to the Sandy preference. These units are subject to a lottery managed by the developer and overseen by HPD.
The MHANY Management Inc. buildings are 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 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 date, more than 147,890 units of affordable housing have been funded across the five boroughs, with more than 36,038 units financed in Brooklyn.
“We remain committed to helping New Yorkers who were displaced by Hurricane Sandy to find housing. This development offers moderate- and middle-income families who were affected by the storm the opportunity for a fresh start,” said HPD Commissioner Wambua.
“With affordable housing options now at more than a dozen developments across the five boroughs, HPD’s Sandy preference program gives families displaced by the storm a great opportunity to make a permanent, sustainable housing recovery,” said Brad Gair, Director of the Mayor’s Office of Housing Recovery Operations.
MHANY Management Inc. is currently accepting applications. Completed applications must be returned by regular mail only and must be postmarked by September 1, 2013. Qualified applicants will be required to meet income and family size guidelines and additional selection criteria. Applications may be requested by regular mail or in person from MHANY Management, Inc., 2-4 Nevins Street, 2nd Floor, Brooklyn, NY 11217 or by visiting their website www.mutualhousingny.org. Please be sure to include a self-addressed envelope with your request for an application. As per the City’s affordable housing lottery rules, current and eligible residents of Brooklyn Community Boards 3, 5 and 16 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 106 Hopkinson Avenue, 170 Hopkinson Avenue, 220 MacDougal Street, 237 Sumpter Street, 516 Crescent Street, 728 Madison Street, and 766 Herkimer Street in Bedford Stuyvesant, Brownsville, and East New York, Brooklyn, these 7 developments will have a total of 26 affordable units once completed. Of the 15 affordable residential units offered through the housing lottery , 4 units will be affordable to households earning up to 40 percent of the Area Median Income (AMI) which is equal to a household income of $34,360/year for a family of four; 5 units will be affordable to households earning up to 50 percent of the AMI, which is equal to a household income of $42,950 /year for a family of four; and the remaining 6 units will be affordable to households earning up to 60 percent of the AMI which is equal to a household income of $51,540 /year for a family of four. Of the 15 apartments, there is a preference for qualified households displaced by Hurricane Sandy for 4 units among the 7 buildings. There are a total of 8 one-bedroom units and 7 two-bedroom units. The anticipated completion date for the developments is in the fall of 2013.
The total development cost for the 7 buildings developed by MHANY Management Inc. is $5.6 million. HPD provided $1.8 million in HOME funds and $1.6 million from the second round of funding from the U.S. Department of Housing and Urban Development’s (HUD) Neighborhood Stabilization Program. Low Income Investment Fund (LIIF) provided a $1.8 million dollar loan. The balance of the development cost was developer’s equity.
The project is being developed by Mutual Housing Association of New York. The design team is Delacour & Ferrara Architects.
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.
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 147,893 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.