Public Hearings · Property Disposition · Housing Preservation and Development
disposition
- Agency
- Housing Preservation and Development
- Published
- 2015-10-07T00:00:00.000
- Event
- 2015-11-09T10:00:00.000
- Address
- 22 Reade Street
Notice text
<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 the sale of certain City-owned properties (each a "Disposition Area") to FSG Housing Development Fund Corporation ( "Sponsor") under each of the following projects:</p> <p> </p> <p> PROJECT ONE:</p> <p> </p> <p> Disposition Area<strong>:</strong> Block:1734, Lot 58 in the Borough of Brooklyn, also known by the street 825 Bedford Avenue, which contains one (1) occupied multiple dwelling. When completed, the project will provide approximately four (4) dwelling units.</p> <p> </p> <p> Sponsor: FSG Housing Development Fund Corporation</p> <p> </p> <p> PROJECT TWO:</p> <p> </p> <p> Disposition Area: Block: 5127, Lot 15; Block 5127, Lot 16 and Block 5099, Lot 37, in the Borough of Brooklyn, also known by the streets 72 Lott Street, 74 Lott Street and 83 East 18th Street respectively, which contains one (1) occupied multiple dwelling and two (2) vacant multiple dwellings. When completed, the project will provide approximately fifteen (15) dwelling units and one (1) commercial space.</p> <p> </p> <p> Sponsor: FSG Housing Development Fund Corporation </p> <p> </p> <p> PROJECT THREE:</p> <p> </p> <p> Disposition Area<strong>:</strong> Block: 2031, Lot 57; Block 1948; Lot 28, Block 1173; Lot 53 and Block:1176, Lot 98, in the Borough of Brooklyn, also known by the streets 165 Park Avenue, 368 Lafayette Avenue, 802 Washington Avenue and 840 Washington Avenue respectively, which contains three (3) occupied multiple dwellings and one (1) vacant multiple dwelling. When completed, the project will provide approximately forty-two (42) dwelling units and two (2) commercial spaces.</p> <p> </p> <p> Sponsor: FSG Housing Development Fund Corporation</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 proposes to sell the Disposition Areas to the Sponsor at the nominal price of one dollar per tax lot. The Sponsor will then rehabilitate eight (8) multiple dwellings in the Disposition Areas. When completed, the projects will provide an aggregate of approximately sixty-one (61) rental dwelling units and three (3) commercial spaces.</p> <p> </p> <p> The appraisals and the proposed Land Disposition Agreements and Project Summaries for each of the projects indicated above are available for public examination at the office of HPD, 100 Gold Street, Room 5-A4, 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 November 9, 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 Areas 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>