Pursuant to Section 695(2)(b) of the General Municipal Law and Section 1802(6)(j) of the Charter, notice is hereby given that the Department of Housing Preservation and Development ("HPD") of the City of New York ("City") has proposed the sale of the following City-owned property (collectively, "Disposition Area") in the Borough of Bronx:
Address Block/Lot(s)
384 Grand Concourse 2341/55
1038 Rogers Place 2700/09
1129 Morris Avenue 2449/23
1202 Clay Avenue 2426/59
Under HPD's Multifamily Preservation Loan Program, sponsors purchase and rehabilitate City-owned vacant and/or occupied multifamily buildings in order to create affordable rental housing units with a range of affordability. Construction and permanent financing is provided through loans from private institutional lenders and from public sources, including HPD.
HPD has designated Grand & Rogers Inc ("Sponsor") as qualified and eligible to purchase and redevelop the Disposition Area under the Multifamily Preservation Loan Program. HPD proposes to sell the Disposition Area to the Sponsor at the nominal price of one dollar per tax lot. The Sponsor will rehabilitate 4 multiple dwellings in the Disposition Area. When completed, the project will provide approximately 65 rental dwelling units plus 1 superintendents unit.
The appraisal and the proposed Land Disposition Agreement and Project Summary are available for public examination at the office of HPD, 100 Gold Street, Room 5-A1, New York, New York on business days during business hours.
PLEASE TAKE NOTICE that a public hearing will be held on October 30, 2013 at Second Floor Conference Room, 22 Reade Street, Manhattan at 10:00 a.m., or as soon thereafter as the matter may be reached on the calendar, at which time and place those wishing to be heard will be given an opportunity to be heard concerning the proposed sale of the Disposition Area pursuant to Section 695(2)(b) of the General Municipal Law and Section 1802(6)(j) of the Charter.
Individuals requesting sign language interpreters should contact the Mayor's Office Of Contract Services, Public Hearings Unit, 253 Broadway, Room 915, New York, New York 10007, (212) 788-7490, no later than seven (7) business days prior to the public hearing. TDD users should call Verizon relay services.