For Immediate Release: July 26, 2018
Contact: General HPD press contact: hpdmedia@hpd.nyc.gov
General HDC press contact: hdcpress@nychdc.org 

 

HPD and HDC Open Lottery for Over 150 Affordable Homes in Chelsea

City accepts applications for Fulton Houses, a newly constructed permanently affordable building in the Chelsea section of Manhattan that is being built on previously underused NYCHA property



NEW YORK, NY – The New York City Department of Housing Preservation and Development (HPD) Commissioner Maria Torres-Springer joined NYC Housing Development Corporation (HDC) President Eric Enderlin to announce that the City will begin accepting applications for 159 units of affordable housing at Fulton Houses. The development, which is being built on the grounds of the New York City Housing Authority’s (NYCHA) Robert Fulton Houses at 425 West 18th Street, features amenities such as a rooftop terrace as well as ground floor outdoor space and will be affordable to households earning a wide range of incomes. The 18-story building will be permanently affordable to low- and middle-income households, and is located in the Chelsea neighborhood of Manhattan.

“Fulton House is a clear example of this administration’s collaborative interagency approach to finding new ways to create affordable housing wherever possible. Fulton House brings 159 new homes to Chelsea, transforming what was once underused NYCHA property into opportunities for hundreds of New Yorkers to live in high quality homes that they know they can afford for the long term,” said HPD Commissioner Maria Torres-Springer. “I thank our colleagues at HDC and NYCHA as well as our partners at Artimus for their hard work and commitment to finding solutions to the affordability crisis in our city.”

"By bringing 100% permanent affordability to 159 households, the new Robert Fulton Houses development will provide security to families and foster the economic diversity that is the cornerstone of our great City,” said HDC President Eric Enderlin. “I encourage all interested applicants to visit the Housing Connect website to review the eligibility requirements and apply by the deadline."

“NYCHA is committed to supporting Mayor de Blasio’s Housing Plan 2.0. Projects like the Fulton Houses development are clear examples of how we are helping ease the City’s affordable housing shortage,” said NYCHA Interim Chair and CEO Stanley Brezenoff. “The fact that this project also has a 25% preference in the lottery for NYCHA residents shows our commitment isn’t just to the City of New York, but to our residents who should have access to these exciting housing opportunities.”

“We at Artimus are very proud to provide 159 newly constructed affordable units in the heart of Chelsea. We are appreciative of the opportunity to help keep New York’s neighborhoods vibrant and diverse through affordable housing. This development would not have been possible without the cooperation and support of NYCHA , HPD, HDC and the Tenant Association at Robert Fulton houses,” said Principal at Artimus Robert Ezrapour.

The building will feature a mix of studio, one and two bedroom units, on-side laundry, and bike storage. Apartments at Fulton House will be affordable to New Yorkers earning a wide range of incomes – from $26,400 to $120,615 for an individual, and from $33,806 to $154,935 for a family of three. There is a 25% preference in the lottery for current NYCHA residents.

Fulton House is being constructed by a development team led by Artimus on approximately 11,000 square feet of underused NYCHA property at Robert Futon Houses. Artimus also committed to making capital improvements throughout the public housing campus, including upgrades to the basketball court and children’s playground, and the reconfiguration of parking to ensure parking availability for all current NYCHA parking permit holders. 

The deadline to apply is September 24, 2018.More information on the City’s affordable housing opportunities, including instructions on how to apply to the affordable housing lottery, is available on HPD’s website. Interested applicants can stay updated on affordable housing lotteries by subscribing to the NYC Housing Connect email list, as well as the NYC Housing Connect Map or HPD’s current opportunities tool to find affordable housing lotteries that are currently accepting applications. 

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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 Plan which was recently expanded and accelerated through Housing New York 2.0 to complete the initial goal of 200,000 homes two years ahead of schedule—by 2022, and achieve an additional 100,000 homes over the following four years, for a total of 300,000 homes by 2026. For full details visit www.nyc.gov/hpd and for regular updates on HPD news and services, connect with us on Facebook, Twitter, and Instagram @NYCHousing. 

The New York City Housing Development Corporation (HDC) is the nation’s largest municipal Housing Finance Agency and is charged with helping to finance the creation or preservation of affordable housing under Mayor Bill de Blasio’s Housing New York plan. Since 2003, HDC has financed more than 150,000 housing units using over $21.2 billion in bonds and other debt obligations, and provided in excess of $1.9 billion in subsidy from corporate reserves. HDC ranks among the nation’s top issuers of mortgage revenue bonds for affordable multi-family housing on Thomson Reuter’s annual list of multi-family bond issuers. In each of the last five consecutive years, HDC’s annual bond issuance has surpassed $1 billion. For additional information, visit: http://www.nychdc.com