575 5th Avenue Ribbon Cutting
Less than two years after ground was broken at 575 Fifth Avenue, public officials gathered on Friday to celebrate the opening of the once-controversial housing project. The building, which was developed Fifth Avenue Committee, includes 49 units of affordable housing for senior citizens, youth who have aged out of foster care and other low-income adults…
Less than two years after ground was broken at 575 Fifth Avenue, public officials gathered on Friday to celebrate the opening of the once-controversial housing project. The building, which was developed Fifth Avenue Committee, includes 49 units of affordable housing for senior citizens, youth who have aged out of foster care and other low-income adults with special needs. The $13.8 million undertaking was financed with a loan from HPD’s Supportive Housing Loan Program; Low Income Housing Tax Credits syndicated by Richman Housing Resources; a loan from the Federal Home Loan Bank of New York; Reso A funds from Councilmember Sara Gonzalez and then-Councilmember Bill de Blasio; and a grant from NYSERDA.
FAC’s Supportive Housing Project Getting Very Close [Brownstoner]
Development Watch: 575 5th Avenue Coming Along [Brownstoner]
Development Watch: 575 5th Avenue Gets Its Brick On [Brownstoner]
Development Watch: 575 5th Avenue [Brownstoner]
Development Watch: 575 5th Avenue [Brownstoner]
575 Fifth on a Roll [Brownstoner] GMAP P*SharkDOB
DOB Green-Lights 575 5th Avenue [Brownstoner]
City Planning Approves FAC Project at 575 5th Ave [Brownstoner]
Marty DK’s Fifth Avenue Housing Project [Brownstoner]
City Planning Considers 5th Ave Housing Facility [Brownstoner]
FAC Development at 575 Fifth Avenue [Brownstoner]
Typical of you, MM. If this were located in Crown Heights, you would have worked overtime to prevent it from happening. As long as “those people” are somewhere else, it’s a good idea to you.
Funding aside, does anyone know the total square footage? Just curious what was the cost per square foot was on this project?
“Goes to show that cheap does not have to equal ugly.”
I would like to think you’re right, but was it in fact cheap to build? Or is it cheap because they received all kinds of special loans and funding? In other words, is it fair to hold a private developer who doesn’t have all those advantages to the same standards? I’m asking seriously.
Agreed, 11217.
Honestly it looks better than 90% of the market rate rentals I’ve seen around.
Goes to show that cheap does not have to equal ugly.
City done good this time.
i meant not made in east bumblefuck. it must be a weird experience to age out of the foster care system. im glad this was built.
*rob*
They did a eat job. And it’s double good after all the original controversy n the project when this all started in 2005-2006.
it’s nice to see a building this made somewhere that is east bumblefuck.. tho i guess some would argue park slope is east bumblefuck, but you know what i mean.
*rob*
Looks nice.