Public Hearings · Property Disposition · Housing Preservation and Development
PROPERTY DISPOSITIONS
- Agency
- Housing Preservation and Development
- Published
- 2014-04-07T00:00:00.000
- Event
- 2014-05-14T01:00:00.000
Notice text
<p> Pursuant to Section 695(2)(b) of the General Municipal Law and Section 1802(6)(j) of the Charter, notice is hereby given that the City of New York ("City") has a proposal to sell the following City-owned property ("Disposition Area") in the Borough of Staten Island:</p> <p> </p> <p> <u>Address</u> <u>Block/Lot(s)</u></p> <p> </p> <p> 176 Dewey Avenue 4630/1</p> <p> </p> <p> Under HPD's Tenant Ownership Program, City-owned one-family to five-family homes are sold to existing residential or commercial tenants. Purchasers are required to owner-occupy the premises for three years and to conserve the residential use of the property for twenty years.</p> <p> </p> <p> This submission is a proposed amendment (“Amended Project”) to a project previously approved by the Mayor on May 29, 2013 (Cal. No. 11) (“Original Project”). The Amended Project changes the identity of the Sponsor from Linda Croce and John Croce to Linda Croce and reduces the disposition price from $350,000 to $200,000, but is otherwise the same as the Original Project.</p> <p> </p> <p> Under the Amended Project, the City will sell the Disposition Area, which contains one occupied building with one dwelling unit, to Linda Croce (“Sponsor”) for the negotiated price of $200,000.</p> <p> Purchaser will also deliver an enforcement note and mortgage for the difference between the appraised value and the disposition price, which will be repayable during the first 20 years after sale upon any resale.</p> <p> </p> <p> The appraisal and the Deed and Project Summary are available for public examination at the office of HPD, 100 Gold Street, Room 5-A1, New York, New York on business days during business hours.</p> <p> </p> <p> PLEASE TAKE NOTICE that a public hearing will be held on May 14, 2014 at Second Floor Conference Room, 22 Reade Street, Manhattan at 10:00 a.m., or as soon thereafter as the matter may be reached on the calendar, at which time and place those wishing to be heard will be given an opportunity to be heard concerning the proposed sale of the Disposition Area pursuant to Section 695(2)(b) of the General Municipal Law and Section 1802(6)(j) of the Charter.</p> <p> </p> <p> Individuals requesting sign language interpreters should contact the Mayor's Office Of Contract Services, Public Hearings Unit, 253 Broadway, Room 915, New York, New York 10007, (212) 788-7490, no later than seven (7) business days prior to the public hearing. TDD users should call Verizon relay services.</p> <p> </p> <p> Pursuant to Section 695(2)(b) of the General Municipal Law and Section 1802(6)(j) of the Charter, notice is hereby given that the Department of Housing Preservation and Development ("HPD") of the City of New York ("City") has proposed the sale of the following City-owned property (collectively, "Disposition Area") in the Borough of Brooklyn:</p> <p> </p> <p> <u>Address</u> <u>Block/Lot(s)</u></p> <p> 1619 Lincoln Place 1387/57</p> <p> </p> <p> Under HPD's Multifamily Preservation Loan Program, sponsors purchase and rehabilitate City-owned vacant and/or occupied multifamily buildings in order to create affordable rental housing units with a range of affordability. Construction and permanent financing is provided through loans from private institutional lenders and from public sources, including HPD.</p> <p> </p> <p> HPD has designated S-Five Properties LLC ("Sponsor") as qualified and eligible to purchase and redevelop the Disposition Area under the Multifamily Preservation Loan Program. HPD proposes to sell the Disposition Area to the Sponsor at the nominal price of one dollar per tax lot. The Sponsor will then rehabilitate 1 multiple dwelling in the Disposition Area. When completed, the project will provide approximately 6 rental dwelling units.</p> <p> </p> <p> The appraisal and the proposed Land Disposition Agreement and Project Summary are available for public examination at the office of HPD, 100 Gold Street, Room 5-O8, New York, New York on business days during business hours.</p> <p> </p> <p> PLEASE TAKE NOTICE that a public hearing will be held on <u>5-14-2014 </u>at Second Floor Conference Room, 22 Reade Street, Manhattan at 10:00 a.m., or as soon thereafter as the matter may be reached on the calendar, at which time and place those wishing to be heard will be given an opportunity to be heard concerning the proposed sale of the Disposition Area pursuant to Section 695(2)(b) of the General Municipal Law and Section 1802(6)(j) of the Charter.</p> <p> </p> <p> Individuals requesting sign language interpreters should contact the Mayor's Office Of Contract Services, Public Hearings Unit, 253 Broadway, Room 915, New York, New York 10007, (212) 788-7490, no later than seven (7) business days prior to the public hearing. TDD users should call Verizon relay services.</p> <p> </p>