In October 2009, CHPC board members the Local Initiatives Support Corporation (LISC) NYC, along with partner Belmont-Arthur Local Development Corp (BAALDC) acquired a 164-unit senior housing development using financing provided by the NY Acquisition Fund and originated by LISC.

The building, located at 1201 Findlay Avenue in the Crotona East section of the Bronx, is rich in historical and architectural detail, having been constructed in 1920, originally as a hospital.  It was converted to senior housing under HUD’s Section 202 program in 1978, but fell into disrepair in recent years, prompting the U.S. Department of Housing… Read more...

The 116^th Street Block Association, in partnership with CHPC board members, Horsford & Poteat Realty (HP Realty) recently completed the construction of 55 affordable residential units on three city-owned lots at 55 East 115th Street between Park and Madison Avenues in East Harlem section of Manhattan, called Colon Plaza.

Nearly 40 percent of the residents of the project’s Community Board receive some type of public benefit income and, despite the presence of more than 17,000 public housing units, there still exists a severe shortage of affordable housing in East Harlem. This project worked to address… Read more...

In the largest transaction in Fire Island history and the second largest commercial transaction in Long Island, Blesso Properties as a founding member of FIP Ventures acquired a near monopoly of the Pines commercial district:

Fire Island is an oceanfront destination located less than two hours outside of the New York City metropolitan area.  Attracting over 110,000 visitors each summer, the Pines is the premier domestic international destination for the affluent gay community.

The Pines has the highest percentage of gay male residents and visitors of any vacation destination in the Tri-State region.  It is also the wealthiest… Read more...

In July 2009, Lemle & Wolff, Inc. started construction on the gut renovation of 75-89 Wadsworth Terrace, an 83-unit building in Washington Heights.   The $8.6 million project is funded through HPD’s Participation Loan Program and NYSERDA’s Multifamily Performance Program.

The renovation includes a number of green features including solar-thermal domestic hot water heating, cellulose insulation in the exterior walls and roof, low flow showerheads, Low-E windows, an energy management system to monitor apartment temperatures, a new high-efficiency boiler, low-power electronic light fixtures with electronic ballasts, hard-wired CFL apartment light fixtures, and Energy Star rated appliances.

Additional improvements being… Read more...

Coney Island Commons is a partnership project by three CHPC board members – architect William Stein and developers Andrea Kretchmer and Larry Hirschfield. 196 rental apartments for low and middle income families and a YMCA community center will be built by The Kretchmer Companies, ELH Mgmt. LLC and Galaxy Contracting Corp and designed by Dattner Architects.

Coney Island Commons is mixed use development which will include affordable housing and a community center operated by the YMCA of Greater New York.

The project will contain 196 rental apartments for low and middle income families. The YMCA will… Read more...