Stalled PLG Site to Become Affordable Rentals
The Times, Crain’s and The Eagle report that the lot at 382 Lefferts Avenue, which was envisioned as a 26-unit condo in 2007 and then became a stalled construction site a year later, is the first project in the city where a deal’s been hammered out to build moderate-income housing under the Housing Asset Renewal…
The Times, Crain’s and The Eagle report that the lot at 382 Lefferts Avenue, which was envisioned as a 26-unit condo in 2007 and then became a stalled construction site a year later, is the first project in the city where a deal’s been hammered out to build moderate-income housing under the Housing Asset Renewal Program. Under the program, which was announced a couple years ago but until now has not resulted in bringing back any developments from the dead, the building will be a 46-unit rental in which the maximum income a family of four can earn to get an apartment is $79,200. According to Crain’s, the apartment building is supposed to be finished in 2013 and the deal with the city involved the city giving the developer a subsidy of $3 million after its lender agreed to restructure its loan on the project.
Deal on Stalled Condo Project Is First Under a City Program [NY Times] GMAP
In First, Stalled Condos Reborn as Cheap Rentals [Crain’s]
State Agency Funds Affordable Housing Development [Eagle]
Rendering from The Eagle.
Bob, hopefully – something will happen there as well. The Orthodox community has been expanding further west recently. The building next to this one was completed and it seems to be almost exclusively Orthodox. And there were other completed projects on East New York/Brooklyn ave.
Who knows Crownlfc? I wonder what will become of the two other stalled projects across the street (or maybe one–has the westernmost of those two buildings been completed?
I know those building sites, on the NE fringe of PLG had been intended mainly for the Chassidic population of Crown Heights South. That puzzles me. Granted that this corner of PLG sort of merges with CH, but it’s a pretty big schlep to Kingston Avenue.
Well Bob, I don’t think it would have been as welcomed if it were closer to the Manor but you’re right, it should have a positive impact.
It was meant to be “luxury” housing for the orthodox community but the developer lost his financing. It has been an eyesore ever since – great news to see the project on the move again.
Thanks g man; those Lefferts really got around. There’s frequent confusion between Lefferts Avenue and Lefferts Place. I used to work near Lefferts Blvd., in Kew Gardens QUEENS!
Then there’s Lincoln Place(Park Slope) and Lincoln Road (PLG); Sterling Place (Park Slope and Crown Heights) and Sterling Street (PLG). Such confusion!
I’d like to think that this project will be welcomed in a progressive neighborhood like mine.
Bob, sorry–coffee hadn’t kicked in. And to think I wrote the other day that another poster had failed the reading comprehension test.
I was thinking of the Lefferts PLACE site where the Society for Clinton Hill and the Lefferts Place Civic Association killed a HUD financed Section 202 project. Carry on without me.
To fire. The words “supportive housing” tends to bring out a chorus of “nos.”
While I haven’t been active with PLGNA since the late ’70s and can’t speak for them, I can’t imagine why they might have opposed senior citizen housing for that site. In addition, as an organization advocating tenants’rights and affordable housing, I can’t imagine why PLGNA would be anything less than happy about this new development. Perhaps g man was writing about another neighborhood association in a different neighborhood? He can’t have been writing about the Lefferts Manor Association which, as a homeowner’s association covers a smaller area than PLGNA and has never discussed Section 202 housing or anything relating to this Lefferts Avenue site.
g man,
Did PLGNA (the relevant neighborhood association) really kill Section 202 housing? I hadn’t heard that and didn’t realize they had the clout to do such a thing?
It will be interesting to learn the reaction of the neighborhood association, which killed the Section 202 housing. Will they think this is a better alternative, or going from the fat to the fire?