News

The first building of the Lambert House redevelopment financed through New York City’s Housing Development Corporation (HDC) and Housing Preservation and Development (HPD) Extremely Low & Low-Income Affordability (ELLA) programs and the Department of City Planning’s Mandatory Inclusionary Housing program.

Greenpoint Landing will include 745 units, 30 percent of which will be affordable.

The $300 million project involves New York City’s Economic Development Corporation (EDC), Housing Development Corporation (HDC), the Department of Housing Preservation and Development (HPD), and the Mutual Housing Association of New York (MHANY).

When completed, the development will include 740 affordable housing units, approximately 52,000 square feet of public open space, 17,000 square feet of retail, 56,000 square feet of light industrial space, 53,500 square feet of community facilities, and an education center.