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PRESENTATION

Current site conditions and proposed development at 1093-1095 Jerome Avenue

0:50:52

ยท

32 sec

The current site at 1093-1095 Jerome Avenue contains a vacant, dilapidated two-and-a-half-story building. The proposed development will replace this with a new 11-story, 60-unit affordable housing building.

  • Existing building is uninhabitable and all tenants have been vacated
  • New building will offer a mix of studio, one-, two-, three-, and four-bedroom apartments
  • The project will be developed under the NCP program by HPD and has received a competitive 9% tax credit award
Ron Schulman
0:50:52
The site we can go to the next slide, please.
0:50:58
The site is, as you can see on the left side, a vacant two and a half story building, which is dilapidated and not livable.
0:51:06
All tenants have, you know, have been vacated.
0:51:09
The picture on the right is the rendering of the new building, which will be an 11 story, 60 unit, new construction building taking its place.
0:51:17
And there'll be a mix of one studios ones, two, and three, and actually one four bedroom apartment as well.
0:51:23
And we'll go through that mix in a second.
0:51:24
It's an 11 story building, just shy of 50,000 square feet, and it'll be built under the NCP program, HPD, and a 9% tax credit award, which is a competitive award.
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