The Real Deal New York

Government Briefs: Hell’s Kitchen lot to house affordable units, audit finds NYCHA manipulated repair stats … and more

Snapshots of government-related real estate news
By Ariel Stulberg | August 12, 2015 05:00PM

From the August issue: The city Economic Development Corp. will soon issue an RFP seeking a builder for an all-affordable residential building on a city-owned parking lot at 11th Avenue at West 39th Street in Hell’s Kitchen. The plan to build on the lot, now used mainly to park Police Department vehicles, has the support of the local community board, which sent a letter in favor of the plan in May, citing rising rents and an increase in market rate residential units going up in the area. The building will also include commercial and community space, according to DNAinfo. The EDC said it aims for 100 percent affordable housing, but the portion will depend on the developer’s plans. [more]