As reported in Multi-Housing News, the Gotham Organization and RiseBoro will develop a two-tower community within the larger Hunter’s Point South site. Gotham South will provide more than 1,100 residential units, 75% of which will be designated for permanently affordable housing. Over $445 million in financing has been secured for the joint venture, including a $311 million construction loan from the New York City Housing Development Corp. (HDC) and $134.4 million from the Department of Housing Preservation and Development (HPD).
Recent Posts
- “Second phase begins on affordable housing complex at former Bronx juvenile jail,” 6sqft
- “The Peninsula Phase Two Breaks Ground,” Connectcre
- “HPD Commissioner Breaks Ground On Affordable Homes Public Space In NYC,” Harlem World Magazine
- “New building has library and affordable housing,” Brooklyn Reporter
- “The new Sunset Park Library & Apartments bookend New York City’s push for affordable housing,” Archinect
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