The city has been working to preserve Section 8 affordable housing and new deals with developer LIHC Investment Group will allow housing developments in the East Village and in Harlem to remain affordable for another 40 years.
At “Lower East Side I and II Apartments” at 384 East 10th Street and 199 Avenue B, 243 apartments will remain affordable after the city’s Department of Housing Preservation and Development (HPD) and the New York City Housing Development Corporation worked with LIHC Investment Group to preserve the units under Mayor Bill de Blasio’s Housing New York Plan, reports the Lo-Down. Building owners will also make $7 million in improvements that will include new flooring, lighting, kitchen and bathroom upgrades.
In Harlem, more than 160 affordable apartments within the Paul Robeson Houses and the Hudson Piers II developments. At the former, located on Adam Clayton Powell Jr., Boulevard and West 120th Street, 81 units will be preserved, while at Hudson Piers II, located on Amsterdam Avenue near West 141st Street, 83 units will be preserved, Patch reports.