PRESENTATION
Affordability details for Site A: Senior housing
0:43:25
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46 sec
Jack Heaney outlines the affordability structure for Site A, which will be dedicated to senior housing. The site aims to provide deeply affordable units for seniors, including those formerly homeless.
- 100% affordable through HPD's SERA program with project-based vouchers for all units
- 30% of units set aside for formerly homeless seniors
- Remaining units set at approximately 40% AMI income
- Rent will remain affordable for residents primarily on social security income
Jack Heaney
0:43:25
So gearing back to development site a, the this will be 100% affordable through HPD Sera program.
0:43:36
So all of the residents, all the units will have project based vouchers.
0:43:40
Within this mix, there'll be 30% of the residents will be set aside for formally homeless seniors.
0:43:46
It will be referred to the project through DHAs DHS and a nonprofit social service provider.
0:43:53
The remaining units will be set at approximately 40 percent AMI income.
0:43:57
But again, the projects as a whole will be 100% project based vouchers to ensure that the rent remains affordable for folks who are primarily on social security income.
0:44:11
Next slide, please.
