FOR IMMEDIATE RELEASE: Wednesday, May 24, 2017
CONTACT: Juliet Pierre-Antoine, 212-863-5682
HPD AWARDS PROJECT-BASED VOUCHERS TO PROVIDE DEEPER AFFORDABILITY IN
EIGHT DEVELOPMENTS, INCLUDING FOUR IN THE BRONX
Nearly 560 households will pay just 30 percent of their monthly income with this federally funded voucher
Despite the Administration’s proposed budget, HPD will continue to accept proposals for Project-based Section 8 vouchers in new construction and preservation projects on a rolling basis
New York, NY - New York City Department of Housing Preservation and Development (HPD) Commissioner Maria Torres-Springer today announced the award of 558 Section 8 Vouchers to eight affordable housing developments in the Bronx, Manhattan, and Staten Island. These federally-funded vouchers are awarded through a competitive process. The vouchers provide deeper rental subsidies in affordable housing projects financed by the City. Despite the significant threats posed by the President’s proposed budget for Federal Fiscal year 2018, the City will continue to use all federal revenue sources available while fighting potential cuts to the programs and services that are so vital to residents.
"The Section 8 program has long served as an essential lifeline to struggling families across the City. Now more than ever, we must put this tool to use creating and preserving affordable housing opportunities for New Yorkers,” said HPD Commissioner Maria Torres-Springer. “Through a competitive process, HPD awarded project-based Section 8 vouchers to provide deeper affordability in eight developments, from Mount Hope in the Bronx to Port Richmond in Staten Island. None of this work is possible without federal funding and we will continue to fight to make clear that affordable housing isn't just a New York issue, but also a national priority.”
The developments include four new construction projects and four preservation projects, including three Mitchell-Lamas that would otherwise be at risk of opting-out of the program. The PBV awards will help fund critical repairs and restore the physical conditions of existing buildings, while helping to provide deeper and longer affordability to residents in both new and preserved developments.
The award of PBV units is subject to U.S. Department of Housing and Urban Development (HUD) regulations which limit the award to 25 units or 25% of the total number of units in a project. Additional awards can be made for units that serve seniors or residents offered supportive services or projects where all units are in a low-poverty census tract.
In March, HPD issued a Request for Proposals for Section 8 Project Based Vouchers (PBV) in new construction and preservation projects that advance the goals of Housing New York, including revitalizing neighborhoods, reducing homelessness, and expanding access to opportunities for low-income families. Developments for selection will continue to be considered on a rolling basis as funding allows. Affordable units created and preserved through PBV will help us ensure a future stream of housing for our lowest income households.
Crotona Senior Housing: This 84-unit, new construction project will provide affordable homes for seniors on an underused site on Crotona Park North in East Tremont. It will also provide on-site services with a specific focus on the needs of LGBTQ seniors. The project will receive 83 PBV.
The Grand: This new construction project will include three buildings and 137 affordable and supportive units in the Mount Hope and Fordham South neighborhoods of the Bronx. The development will receive eight PBVs.
Carol Gardens: The preservation of this two-building Mitchell-Lama with 314 units in the Soundview neighborhood will result in a major rehabilitation and extended affordability. The project will receive 150 PBV.
Stevenson Commons: This nine-building, 948-unit Mitchell-Lama in the Soundview neighborhood will receive critical repairs and extended affordability as a result of this project, which will receive 200 PBV.
Independence House: This 121-unit Mitchell-Lama on the Upper West Side is currently eligible to buy out of the program, but will be acquired and rehabilitated by a non-for-profit organization that will preserve the building’s affordability for 40 years. The building was awarded 120 PBVs by application prior to the Request for Proposals but will likely receive 65 PBVs based on income eligibility of residents.
The Robeson and The Leroy: These two mixed-use affordable housing buildings will be newly constructed in Central Harlem. The Robeson will provide 79 units and the Leroy will provide 20 affordable housing units. The project will receive eight PBVs.
Lexington Gardens II: This project will create approximately 400 new units of affordable housing, and a state-of-the-art 28,370 square foot community facility that will be the new headquarters of the Northside Center, a local not-for-profit organization with a longstanding history of service that provides expert behavioral, mental health, education and enrichment programs to children and families living in poverty. The development will receive eight PBVs.
The Buckingham: This 36-unit building in the Port Richmond neighborhood will receive much needed rehabilitation and resiliency work and extended affordability. The project will receive 36 PBVs.
The projects are being developed under Mayor Bill de Blasio’s Housing New York: A Five-Borough, Ten-Year Plan to finance the creation and preservation of 200,000 units of affordable housing. The most comprehensive affordable housing plan in the city’s history, its goal is reach half a million New Yorkers struggling with rising rents.
HPD is the fifth largest issuer of Section 8 vouchers in the country. The agency administers rental assistance for 39,000 households, one-third of whom are elderly, nearly half who are disabled, and one-quarter of whom are households with children. The Section 8 program is a critical resource for helping to reduce homelessness, stabilize families, and through PBV, facilitate the new construction and preservation of affordable housing.
About the New York City Department of Housing Preservation and Development (HPD):
The New York City Department of Housing Preservation and Development (HPD) is the nation’s largest municipal housing preservation and development agency. Its mission is to promote quality housing and diverse, thriving neighborhoods for New Yorkers through loan and development programs for new affordable housing, preservation of the affordability of the existing housing stock, enforcement of housing quality standards, and educational programs for tenants and building owners. HPD is tasked with fulfilling Mayor de Blasio’s Housing New York: A Five-Borough Ten-Year Plan to create and preserve 200,000 affordable units for New Yorkers at the very lowest incomes to those in the middle class. For more information visit www.nyc.gov/hpd and for regular updates on HPD news and services, connect with us on Facebook, Twitter, and Instagram @NYCHousing.