PRESENTATION
Affordability and program details for South Bushwick Neighborhood Homes
0:12:05
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41 sec
Lawrence Bell outlines the affordability levels and program details for the South Bushwick Neighborhood Homes project.
- Developed under HPD's Open Door program
- Unit mix includes 1, 2, and 3-bedroom units, with 78% being family-sized units
- Affordability targeted to households with incomes 80-110% of AMI
- 40-year Article 11 real estate tax exemption with a 40-year regulatory period
- All homeownership units available through HPD's Housing Connect 2.0 system
Lawrence Bell
0:12:05
And the projects will be the proposed project will be developed under HPD's open door ramp.
0:12:13
The unit mix will include 1, 2, and 3 bedroom units with a heavy concentration on family sized units at 78% of the units being family sized units.
0:12:25
Affordability to household with incomes 80 to a 110 percent of AMI.
0:12:29
And long term affordability will be insured with a 40 year article 11 real estate tax exemption that is called terminus with the 4 year regulatory period and all whole ownership units will be available to HPD's Housing Connect 2.0.
0:12:45
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