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DOES CB3BX REPRESENT YOUR INTEREST?
This page is intended to inform community residents of what's going on within Community Board Three general monthly meetings. I urge the community to read the minutes and decide if you are truly represented. PLEASE READ THE MINUTES AND NEXT GENERAL MEETING POSTING.
The new 12-story development will include 51 studio apartments, 53 one-bedroom apartments, 55 two-bedroom apartments, and 11 three-bedroom apartments, as well as one superintendent unit, with 103 units set aside for homeless households and the remaining 67 units available to households earning at or below 80 percent of AMI.
51 units will be set aside for formerly homeless families & survivors of Domestic Violence
52 units will be set aside for homeless individuals with chronic mental illness
67 community units will be set aside as follows:
8 units – project based Section 8 1
9 units – 70% AMI
20 units – 80% AMI
17 units are set aside for NYCHA residents
There will be a 50% Community Board Three preference Financing partnership will come from HPD and HDC.
Homebuilders is the contractor on this project. Financing for the $91 million Low Income Housing Tax Credit (LIHTC) project includes $61 million in bond financing from HDC, $12 million in subsidy from HPD’s Supportive Housing Loan Program and a $2 million loan from the Federal Home Loan Bank of New York.
I ask all concern residents of CBX3 (Morrisania & Crotona) to advocate for a better quality of life. We deserve better.
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