GREENPOINT — New housing grows in Brooklyn. On Wednesday, April 3, Greenpoint Landing Associates celebrated the most recent addition to its Greenpoint Landing master-planned development site, 35 Commercial Street. The 22-story brick tower, located in Greenpoint, Brooklyn, offers 374 permanently affordable apartments. Of the 374 units, 57 have been set aside for formerly homeless applicants and include assistance with unit furnishing and ongoing social services provided via a partnership with the nonprofit social service organization Breaking Ground.
The ribbon-cutting ceremony included commentary from Leila Bozorg, Executive Director for Housing, City of New York; Adolfo Carrión Jr., Commissioner of New York City Department of Housing Preservation and Development (HPD); Lincoln Restler, NYC Council Member, Greenpoint; Amie Pospisil, Chief Operating Officer of Breaking Ground; and Marian Klein, President, Park Tower Group.
“We’re deeply grateful to our partners at the City, HPD and HDC as we continue to develop Greenpoint Landing and build more much-needed, high-quality, affordable housing in New York City,” Klein said.
Greenpoint Landing is a 22-acre site situated along a half-mile of East River waterfront, being master-planned and developed by Park Tower Group. In 2005, the City of New York designated the site for residential use under the Greenpoint-Williamsburg rezoning. In its entirety, Greenpoint Landing will include an estimated 5,500 residential units — including affordable housing — as well as five acres of public open space. Greenpoint Landing Associates closed on the construction financing for 35 Commercial Street in June of 2021 with HPD, HDC and Wells Fargo Community Development Corporation.
All 374 residences are income-targeted through the ELLA program, with 57 units set aside for formerly homeless applicants. The units are available to New Yorkers earning between 30 and 110 percent of the area median income (AMI). Rents for…
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