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 an amendment to the terms of the sale of the following City-owned property (collectively, “Disposition Area”) in the Borough of Queens:
BLOCK LOT
15905 1
15906 1, 4
15907 p/o 81
15908 p/o 5
15909 p/o 1, p/o 7, 70
15910 p/o 7, p/o 9
15911 1
15912 1
15913 p/o 26, p/o 37, p/o 38
15914 p/o 1
15917 p/o 1, 14, p/o 18
15918 p/o 2, p/o 10, 85, p/o 18
15934 p/o 1
15935 p/o 1
15936 p/o 1
15937 p/o 1
15938 p/o 1
15939 p/o 1
15940 93, 103
15941 71
15942 p/o 1
16081 p/o 41, p/o 45
16083 39, p/o 42, 43, 84
16085 44, p/o 47, 48, 92
16087 p/o 12, p/o 15
16088 p/o 12, 15, 40
16089 12, 15
16090 p/o 25, 29, 85
16091 1, 6
16092 p/o 1, p/o 88, 72, 132. 136, 37, 50
16093 p/o 1
16094 p/o 1
16095 p/o 55
16096 p/o 10, p/o 44
16111 1
16112 41, 45, 66
16113 1
Under HPD’s Arverne-by-the-Sea Homeownership Program, sponsors selected through a competitive request for proposals purchase City-owned land in Arverne, Queens and construct residential buildings which may also contain commercial space, parking, and/or community facilities. Construction financing is provided through loans from private institutional lenders and, in some instances, loans from public sources, including HPD, New York City Housing Development Corporation and New York State Housing Finance Agency. Additional funding may also be provided from the syndication of low income housing tax credits. The completed buildings provide rental housing or homeownership opportunities (as owner-occupied one-to-four-family homes or multi-family cooperatives or condominiums).
Under HPD’s Arverne-by-the-Sea Homeownership Program, sponsors selected through a competitive request for proposals purchase City-owned land in Arverne, Queens and construct residential buildings which may also contain commercial space, parking, and/or community facilities. Construction financing is provided through loans from private institutional lenders and, in some instances, loans from public sources, including HPD, the New York City Housing Development Corporation and the New York State Housing Finance Agency. Additional funding may also be provided from the syndication of low income housing tax credits. The completed buildings provide rental housing or homeownership opportunities (as owner-occupied one-to-four-family homes or multi-family cooperatives or condominiums).
This submission is a proposed amendment (“Second Amended Project”) to a project previously approved by the Mayor on December 10, 2003 (Cal. No. 27) (“Original Project”) as amended on June 25, 2008 (Cal. No. 22) (“First Amended Project”). The City conveyed the Disposition Area to Benjamin-Beechwood LLC (“Sponsor”) on May 24, 2004.
Under the terms of the Original Project, the Sponsor was required, among other things, to construct (i) 580 residential buildings containing approximately 2,236 dwelling units and 160,000 square feet of ground floor commercial space (ii) six separate buildings containing a total of approximately 104,000 square feet of commercial space, (iii) a separate building containing approximately 30,000 square feet of community facility space consisting of a recreational center, (iv) open space for the recreational center, and (v) a separate building containing a school facility consisting of approximately 90,000 square feet. Pursuant to the proposed Second Amended Project, the required size of the school facility would be reduced to approximately 35,000 square feet. Al other terms of the Original Project, as amended by the First Amended Project would remain unchanged.
The proposed Amendment to Land Disposition Agreement is available for public examination at the office of HPD, 100 Gold Street, Room 5-A4, New York, New York on business days during business hours.
PLEASE TAKE NOTICE that a public hearing will be held on September 9, 2015 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 five (5) business days prior to the public hearing. TDD users should call Verizon relay services.