Pursuant to Section 695(2)(b) of the General Municipal Law, Section 1802(6)(j) of the Charter and Section 1804 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 acquisition of the following property in the Borough of the Bronx:
Address Block/Lots
1446-1458 Plimpton Avenue 2874/27
and the subsequent sale of such property together with the following property (collectively, “Disposition Area”) in the Borough of the Bronx:
Address Block/Lots
1416-26 Edward L. Grant Highway 2874/3, 6, 8, p/o 10
Under the Section 202 Supportive Housing Program For The Elderly, not-for-profit sponsors selected by the United States Department of Housing and Urban Development ("HUD") purchase land from the City or from private owners and then construct residential buildings (or rehabilitate existing vacant buildings) on such land. HUD provides acquisition, construction, and permanent financing through a capital advance and the City provides tax exemption pursuant to Section 422 of the Real Property Tax Law. The completed buildings provide rental housing for elderly persons of low income and receive operating subsidies from HUD through a project rental assistance contract.
HPD has designated Neighborhood Restore Housing Development Fund Corporation ("Sponsor") as a qualified and eligible sponsor and the City proposes to sell the Disposition Area to the Sponsor at the price of $1 per tax lot pursuant to Article 16 of the General Municipal Law. Upon the transfer of the Disposition Area by the City to the Sponsor, the Sponsor in turn will transfer the Disposition Area to Artsbridge Housing Development Fund Corporation (“Artsbridge”). Artsbridge will undertake the new construction of a seven-story elevator building in the Disposition Area. When completed, the project will provide 61 units of rental housing for elderly persons of low income, plus one unit for a superintendent, and approximately 22,557 square feet of community facility space, as well as accessory parking and open space for performances and art exhibition.
The portion of the Disposition Area (Block 2874, Lot 27), which the City will first acquire prior to the disposition of such property to the Sponsor, was previously sold by the City, pursuant to the Vacant Cluster Program under HPD, for use as accessory parking and/or open space that has since been underutilized.
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-O8, New York, New York on business days during business hours.
PLEASE TAKE NOTICE that a public hearing will be held on June 11, 2014 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.