The Real Deal‘s coverage of the 121 West 125th Street development include additional renderings. The 17-story mixed-use building will include the new headquarters of the National Urban League and 170 units of affordable housing.
The National Urban League will move its headquarters to 121 West 125th Street in Harlem, as part of a 17-story mixed-use development that will include 170 affordable housing units, office space for the United Negro College Fund and One Hundred Black Men of New York, and the Urban Civil Rights Museum Experience, New York City’s first civil rights museum.
Goldman Sachs will contribute $188 million of the project’s $242 million total cost. Other components of the financing package include tax-exempt bonds issued by the state Housing Finance Agency, subordinate financing from New York State Homes and Community Renewal, and tax credits purchased by Goldman and Santander Bank.
AIA New York announced the recent groundbreaking for 980 Westchester Avenue in the Bronx. Architecture firm GF55 is designing the project, which will include 150 affordable housing and supportive housing units.
“Governor Cuomo Unveils Plans for New Affordable Housing Development in Flatbush as Part of $1.4 Billion Vital Brooklyn Initiative”
Congratulations to our client CAMBA Housing Ventures, who will be developing Clarkson Estates in the Flatbush neighborhood of Brooklyn. Clarkson Estates will include 291 affordable apartments, half of which will be set aside for youth aging out of foster care, formerly incarcerated individuals, and formerly homeless young adults.
Congratulations to 3365 Third Avenue in the Bronx and developer Bronx Pro Group for winning the 2020 U.S. Green Building Council’s Outstanding Affordable Project award. “This LEED Platinum project demonstrates that quality housing can be both affordable and sustainable and was designed to encourage community building,” the USGBC wrote. You can read the full award description on the USGBC’s website.
980 Westchester in the Bronx will feature 151 affordable and supportive housing units. The development is funded through private and public funding sources, including the Housing Development Corporation’s Extremely Low & Low Income Affordability (ELLA) program, federally tax-exempt bonds, and low-income housing tax credits.
Seven non-profit groups will call the Bedford Union Armory home, including Digital Girl, which focuses on bridging the digital divide by providing computer instruction and workforce training; the James E. Davis Stop the Violence Foundation; the Brooklyn Community Pride Center; the West Indian American Day Carnival Association; and the Ifetayo Cultural Arts Academy, which empowers youth and families of African descent to achieve high levels of educational, professional, and artistic excellence.
Hunter’s Point South was featured in Azure as an example of successful holistic affordable housing. “The Current Crisis Makes it Clear: We Need a New Deal for Affordable Housing” features insights by the project architects and explains how Hunter’s Point South addresses issues of inclusion, environmental justice, and equitable community. The full article is available here.