Public Hearings · Property Disposition · Housing Preservation and Development
public hearing notice
- Agency
- Housing Preservation and Development
- Published
- 2015-02-09T00:00:00.000
- Event
- 2015-03-11T10:00:00.000
Notice text
<p align='center'> <strong>CITY OF NEW YORK</strong></p> <p align='center'> <strong>DEPARTMENT OF HOUSING PRESERVATION AND DEVELOPMENT</strong></p> <p> </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 an amendment to the terms of the sale of the following City-owned property (collectively, "Disposition Area") in the Borough of Queens:</p> <p> </p> <p> <u>Address</u> <u>Block/Lot(s)</u></p> <p> </p> <p> 136-50 37<sup>th</sup> Avenue 4978/20 (formerly p/o Lot 25)</p> <p> </p> <p> </p> <p> Under HPD's Low Income Program, sponsors purchase City-owned land or vacant buildings and construct or rehabilitate multifamily buildings in order to create affordable rental housing. Construction and permanent financing is provided through loans from private institutional lenders and from public sources including HPD, the New York City Housing Development Corporation, the State of New York, and the federal government. Additional funding may also be provided from the syndication of low-income housing tax credits. The newly constructed or rehabilitated buildings provide rental housing to low-income families. Subject to project underwriting, up to 20% of the units may be rented to formerly homeless families.</p> <p> </p> <p> This submission is a proposed amendment (“Amended Project”) to a project previously approved by the Mayor on December 6, 2011 (Cal. No.8) (“Approved Project”). Pursuant to the Approved Project, the City sold the Disposition Area to Macedonia Housing Development Fund Corporation ("Sponsor") for the nominal price of one dollar per tax lot. Under the terms of the Approved Project, Sponsor was required to construct one building containing 142 rental dwelling units plus one unit for a superintendent, approximately 6,287 square feet of commercial space, and 2,767 square feet of community facility space on the Disposition Area, and to develop approximately 20,000 square feet of the Disposition Area as open space. </p> <p> </p> <p> Sponsor has constructed a building with 142 dwelling units plus one unit for a superintendent, and 8,820 square feet of non-residential space that is proposed to be used entirely for retail purposes. The tenant who Sponsor expected to lease space for community facility use decided not to rent the space, and there was a lack of demand for the space from other community facility service providers. Under the Amended Project, the requirement to use a portion of the building as a community facility is eliminated and the amount of commercial space is increased from 6,287 to 8,820 square feet. All other terms of the project remain unchanged.</p> <p> </p> <p> PLEASE TAKE NOTICE that a public hearing will be held on March11, 2015, 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 five (5) business days prior to the public hearing. TDD users should call Verizon relay services.</p> <p> </p> <p> </p> <p> </p>