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Title: Disposition
Property Disposition
Housing Preservation and Development (HPD)
Intergovernmental
1 Centre Street
New York, NY 10007
5/9/2018 10:00 AM
Current
4/3/2018
Public Hearings
Description

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 Manhattan:

 

Address                                                                           Block/Lot(s)

302 West 127th Street                                                       Block 1953 Lot 36

304 West 127th Street                                                       Block 1953 Lot 37

306 West 127th Street                                                       Block 1953 Lot 38

310 West 127th Street                                                       Block 1953 Lot 40

                                                           

Under the Supportive Housing Loan Program, HPD funds the rehabilitation or new construction of buildings which provide supportive housing for the homeless, people with special needs, and other persons of low income.  HPD works with the Department of Homeless Services, the Department of Health and Mental Hygiene, the Human Resources Administration’s HIV/AIDS Services Administration, and other public agencies to ensure that the completed projects receive appropriate building security and social services.

 

HPD has designated CUCS Housing Development Fund Corporation IV ("Sponsor") as qualified and eligible to purchase and redevelop the Disposition Area under the Supportive Housing Loan Program.  HPD proposes to sell the Disposition Area to the Sponsor at the nominal price of One Dollar per tax lot pursuant to Article 16 of the General Municipal Law.  The Sponsor will also deliver a note and mortgage for the appraised value of the Disposition Area, which will be payable only if the Sponsor violates the City's restrictions on the post-sale development, use, occupancy, and operation of the property.  The Sponsor will construct a new building on the Disposition Area and the adjacent private lots (Block 1953, Lots 39 and 41). The completed project will provide approximately 116 units for occupancy by homeless and low income persons, plus one unit for a superintendent.

 

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-I, New York, New York on business days during business hours.

 

PLEASE TAKE NOTICE that a public hearing will be held on May 9,, 2018 at 1 Centre Street, Manhattan, Mezzanine 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/translators should contact the Mayor's Office Of Contract Services, Public Hearings Unit, 253 Broadway, 9th Floor, New York, New York 10007, (212) 788-7490, no later than ten (10) business days prior to the public hearing.  TDD users should call Verizon relay services.


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