Bronx, New York – December 03, 2015 – (RealEstateRama) — The First Lady Of New York City Chirlane McCray, the New York City Department of Housing Preservation and Development (HPD), New York City Council Speaker Melissa Mark Viverito, New York State Assembly Member Michael A. Blake, and other officials joins Unique People Services, the Community Preservation Corporation (CPC), and development partners to celebrate the start of construction on Lynn’s Place.
Lynn’s Place has been financed under Mayor Bill de Blasio’s Housing New York: A Five-Borough, 10-Year Housing Plan. The most comprehensive affordable housing plan in the City’s history and largest municipal housing plan in the nation, its goal is to create and preserve 200,000 units of affordable housing for very low- and middle income families to help address New York City’s affordability crisis.
The apartments in this development will include 56 studios, 12 one-bedrooms, and one two-bedroom unit for an onsite superintendent. All units will be affordable to low-income families and individuals, that means individuals earning no more than $36,300 annually and households of three earning no more than $46,620 annually will be given access to the affordable housing lottery. Forty-two of the apartments will serve formerly homeless individuals with a history of mental illness. These units will benefit from Project-based Section 8 which will allow these residents to pay only 30 percent of their monthly income, whatever it may be, towards rent.
