The old JFK Hilton Hotel in South Jamaica will be converted into permanent affordable housing for hundreds of low-income and formerly homeless New Yorkers.
Photo courtesy of RiseBoro Community Partnership
The city announced Monday that it has closed a deal with developer Slate Property Group and the nonprofit RiseBoro Community Partnership to convert the shuttered JFK Hilton Hotel in South Jamaica into 318 apartments of permanently affordable housing for low-income and formerly homeless New Yorkers.
Construction on the project will begin next month with completion expected just 21 months later, compared to 36 months for a conventional ground-up construction. The conversion of the shuttered hotel complex into an affordable housing facility is a first for the city.
“Digging our city out of this severe housing shortage will require every tool in our toolbox, and our administration helped win an important fight to add this hotel conversion,” Mayor Eric Adams said. “Advancing this plan to turn a vacant hotel into more than 300 new, affordable homes is a sign that we can think outside the box and take advantage of the opportunities in front of us. I want to thank our partners in Albany for making it possible to turn empty hotels into affordable homes and our development partners who will deliver on the promise of this idea for hundreds of New Yorkers.”
Gov. Kathy Hochul announced that $48 million in state funding is being allocated toward the project that will see the hotel converted into what will be known as the Baisley Pond Park Residences.
“This significant investment will help bring our state one step closer to building the affordable, supportive, and sustainable homes that New Yorkers deserve,” Hochul said. “My administration is continuing to back transformative projects that unlock our state’s housing potential — including the first-ever hotel conversion project through the Housing Our Neighbors with Dignity Act (HONDA) — and we…
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