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Featured Projects
HDC is proud to finance the creation and preservation of affordable housing across the city, while also helping to secure our public housing stock to ensure more New Yorkers have a safe, affordable place to call home.
Supportive and Senior Housing
With an eye towards helping those in greatest need, we celebrated the completion of supportive and senior housing developments that will bring greater peace of mind and quality of life to our aging population and those with special needs.
WSFSSH 108th
Neighborhood
Upper West Side, Manhattan
Program
Extremely Low & Low-Income Affordability (ELLA)
Affordable Homes
West 108th Street is a 100% permanently affordable supportive housing development located on formerly City-owned land developed by the West Side Federation for Senior and Supportive Housing (WSFSSH). The development includes 79 apartments for low-income households and 119 apartments dedicated to formerly homeless older adults. The project is one component of an overall development that provides a new home for the physically adjacent, but separately financed Valley Lodge Shelter that has operated in the neighborhood since 1988.
WSFSSH at West 108 features a multitude of onsite social services for its residents, including case management, service coordination, crisis intervention, counseling, transportation services, money management classes, nutrition services, meals for Valley Lodge residents, and recreational activities.
An onsite health center operated by the Institute for Family Health will offer primary care and specialized services at low or no cost to residents and the surrounding community.
Betances Senior Residence
Neighborhood
Mott Haven, The Bronx
Program
Extremely Low & Low-Income Affordability (ELLA)
Affordable Homes
Betances is a new supportive and affordable senior residence developed by the nonprofit Breaking Ground with 152 affordable units for extremely low and very low-income senior households, including 47 units dedicated to formerly homeless households with special needs and 26 units set aside for NYCHA residents.
Residents will benefit from onsite social services provided by the Center for Urban Community Services (CUCS). There will also be onsite medical and psychiatric care for all residents provided by CUCS’s Janian Medical Services which specializes in providing care to homeless individuals.
90 Sands
Neighborhood
DUMBO, Brooklyn
Program
Preservation
Affordable Homes
90 Sands is a substantial rehabilitation project that included the repositioning of a former hotel into 491 units of affordable and supportive housing developed by the nonprofit Breaking Ground. The development includes 185 units affordable to a range of households from extremely low- to moderate-income, in addition to 305 units dedicated to formerly homeless households.
CUCS will provide onsite social services to residents, including case management, primary medical care, mental health services, employment readiness, and benefits counseling. Breaking Ground plans to bring in community-serving uses to occupy more than 20,000 square feet of community facility and commercial space on the ground floor and lower level.
Mixed-Use Developments
We also welcomed thousands of New Yorkers home at transformational large mixed-use projects that will impact the lives of residents and bring greater economic opportunity to the surrounding neighborhoods for generations.
Caton Flats
Neighborhood
Prospect – Lefferts Gardens, Brooklyn
Program
Mixed-Middle Income
Affordable Homes
Caton Flats is a newly constructed mixed-use development including 255 affordable homes serving New Yorkers with incomes ranging from very low to moderate income. The project includes 76 permanently affordable homes and was developed in partnership with minority-owned business development teams at BRP Companies and Urbane Development.
The site also serves as the new home for the revitalized and expanded Flatbush Central Caribbean Marketplace, providing expanded space for local vendors, a shared commercial test kitchen, a bar, and a lounge. The market will also support small businesses through an onsite economic mobility platform and incubator program that provides Black, Indigenous, and People of Color entrepreneurs with state-of-the-art facilities to help maintain and grow their businesses.
The second floor of Caton Flats includes community facility space serving as the headquarters for the Carribbean American Chamber of Commerce and Industry.
The Peninsula 1B
Neighborhood
Hunts Point, The Bronx
Program
Extremely Low & Low-Income Affordability (ELLA)
Affordable Homes
The Peninsula 1B is part of a new multi-phased, mixed-use development that will ultimately deliver 740 affordable homes, an early education center, wellness facility, and supermarket to the Hunts Point community. Located at the former site of the Spofford Juvenile Detention Center, this year the City also celebrated the opening of light industrial space at The Peninsula, which offers several small production-based businesses affordable space to grow.
Developed by Breaking Ground, Building 1B includes 183 deeply affordable homes, with 18 homes specifically reserved for New Yorkers who have previously experienced homelessness.
The development also includes a cultural arts center, operated by Bronx-based nonprofit Inspiration Point Center for the Arts, which includes a state-of-the-art black box theater, an art gallery, dance studio, coworking space, and 26 artist studios.
425 Grand Concourse
Neighborhood
Hunts Point, The Bronx
Program
Mix & Match
Affordable Homes
425 Grand Concourse is a newly constructed mixed-use, mixed-income, Passive House-certified building developed in partnership with nonprofit Mid-Bronx Desperadoes (MBD) Community Housing Corporation and Trinity Financial. Of the 277 affordable homes serving New Yorkers from a range of incomes, 28 units are designated for formerly homeless households and 193 units are deemed permanently affordable.
The development contains a healthcare facility, a supermarket that provides affordable fresh produce, and a cultural center. The project also hosts a 29,000 square-foot educational facility for Hostos Community College’s branch of the CUNY Accelerated Study in Associate Programs (ASAP) program that helps students earn an associate degree.
The site also includes a NYC Parks comfort station serving the adjacent Garrison Playground which has been re-designed and re-opened by the NYC Parks Department, with annual maintenance and operating expenses funded by the development team.
Gotham Point
Neighborhood
Long Island City, Queens
Program
M2
Affordable Homes
Gotham Point consists of two towers (North and South) comprising a total of 1,132 newly constructed affordable and market rate units. Of these, 847 are permanently affordable, with 114 set aside for formerly homeless households. The development includes a dedicated wing providing independent living for 98 low-income senior households. The nonprofit development partner RiseBoro will be leading special programming for the senior community.
The ground floor community facility space of the South Tower is designated for a community boathouse and for Flux Factory, a nonprofit that supports emerging artists through an artist-in-residence program. The completion of the South Tower in 2022 culminated the latest phase of the larger Hunters Point South development, which is transforming formerly City-owned land through sustainable mixed-use transit-oriented development.
The larger Hunters Point South development will ultimately bring 7 new residential buildings comprising 5,000 new homes and 11 acres of open space to the Long Island City waterfront.
Public Housing Preservation
As the key-financing partner on NYCHA PACT, we celebrated the completion of construction on the second-ever HDC-financed PACT development bringing long overdue repairs and critical improvements to more than 6,000 NYCHA residents across nine public housing developments in Brooklyn.
Brooklyn to Brooklyn Bundle II
Neighborhood
Scattered-site, Brooklyn
Program
PACT Preservation
Affordable Homes
PACT Brooklyn to Brooklyn Bundle II involved the substantial rehabilitation of 2,625 apartments across 9 public housing developments consisting of 39 buildings located in the Williamsburg, Bedford-Stuyvesant, Cobble Hill and Weeksville neighborhoods of Brooklyn.
This PACT Preservation project incorporated improvements to the common areas and community facilities, new security systems, building exterior improvements, replacement of building systems, extensive electrical, mechanical and plumbing upgrades, plus full tenant-in-place apartment renovations benefiting more than 6,000 NYCHA residents. Social services will be provided to residents that will address the needs of formerly homeless households, senior households and other residents living within these developments.
Under NYCHA PACT are guaranteed the same rights as public housing residents, including automatic lease renewal, the same succession rights as public housing residents, and the right to a hearing to resolve grievances. In addition, residents will pay no more than 30% of their incomes towards rent, with the balance covered by Section 8.
