Voglio sapere a riguardo di…

THE CITY RECORD

2558

The Sponsor will also deliver an enforcement note and mortgage for the remainder of the appraised value Land Debt. The Sponsor will then construct one building containing a total of approximately seven rental dwelling units on the Disposition Area. The proposed project is part of the larger Central Harlem Infill Cluster project that will result in the construction of 12 new buildings containing a total of approximately 119 new affordable units, plus one unit for a superintendent.
The Land Debt or the Citys capital subsidy may be repayable out of resale or refinancing profits for a period of at least thirty 30 years following completion of construction. The remaining balance, if any, may be forgiven at the end of the term.
The appraisal and the proposed Land Disposition Agreement and Project Summary are available for public examination by emailing Margaret Carey, at careym@hpd.nyc.gov, on business days during business hours.
The hearing location is accessible to individuals using wheelchairs or other mobility devices. For further information on accessibility or to make a request for accommodation, such as sign language interpretation services, please contact the Mayors Office Of Contract Services MOCS via email, at disabilityaffairs@mocs.nyc.gov, or via phone at 212 298-0734. TDD users should call Verizon relay services.
Any person requiring reasonable accommodation for the public hearing should contact MOCS at least three 3 business days in advance of the hearing to ensure availability.

a12
CORRECTED NOTICE
PLEASE TAKE NOTICE that a Real Property Hearing will be held on April 28, 2021, at 10:00 A.M. The Public Hearing will be held via Conference Call. Call-in : 1-646-992-2010, Access Code 717-876-299.
Pursuant to Section 6952b of the General Municipal Law and Section 18026j of the Charter, 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:
Addresses 313 West 112 Street
Blocks / Lots 1847 / 13

Under HPDs Neighborhood Construction Program, sponsors purchase City-Owned or privately owned land or vacant buildings and construct multifamily buildings in order to create up to 45 units of affordable rental housing on infill sites Construction and permanent financing is provided through loans from private institutional lenders and from public sources including HPD, the New York City Housing Development Corporation, the State of New York, and the Federal Government. Additional funding may also be provided from the syndication of low-income housing tax credits. The newly constructed buildings provide rental housing to low income, moderate income, and middle income families. Subject to project underwriting, up to 30% of the units may be rented to formerly homeless families and individuals.
Under the proposed project, the City will sell the Disposition Area to HCCI Central Harlem Apartments Housing Development Fund Corporation Sponsor, for the nominal price of one dollar per tax lot.
The Sponsor will also deliver an enforcement note and mortgage for the remainder of the appraised value Land Debt. The Sponsor will then construct one building containing a total of approximately seven rental dwelling units on the Disposition Area. The proposed project is part of the larger Central Harlem Infill Cluster project that will result in the construction of 12 new buildings containing a total of approximately 119 new affordable units, plus one unit for a superintendent.
The Land Debt or the Citys capital subsidy may be repayable out of resale or refinancing profits for a period of at least thirty 30 years following completion of construction. The remaining balance, if any, may be forgiven at the end of the term.
The appraisal and the proposed Land Disposition Agreement and Project Summary are available for public examination by emailing Margaret Carey, at careym@hpd.nyc.gov, on business days during business hours.
The hearing location is accessible to individuals using wheelchairs or other mobility devices. For further information on accessibility or to make a request for accommodation, such as sign language interpretation services, please contact the Mayors Office Of Contract Services MOCS via email, at disabilityaffairs@mocs.nyc.gov, or via phone at 212 298-0734. TDD users should call Verizon relay services.
Any person requiring reasonable accommodation for the public hearing should contact MOCS at least three 3 business days in advance of the hearing to ensure availability.

a12

MONDAY, APRIL 12, 2021

CORRECTED NOTICE
PLEASE TAKE NOTICE that a Real Property Hearing will be held on April 28, 2021, at 10:00 A.M. The Public Hearing will be held via Conference Call. Call-in : 1-646-992-2010, Access Code 717-876-299.
Pursuant to Section 6952b of the General Municipal Law and Section 18026j of the Charter, 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:
Addresses 2735 Frederick Douglass Boulevard 131 West 133 Street 130 West 134 Street 2752 Frederick Douglass Boulevard
Blocks / Lots 2045 / 13
1918 / 16
1918 / 53
2032 / 2

Under the Open Door Program, eligible sponsors purchase City-Owned or privately owned land and construct cooperative or condominium buildings affordable to moderate-and middle-income households.
Where dictated by lot size, the program may also fund the construction of new one-to three-family homes. Construction financing may be provided through loans from the City City Subsidy, the New York State Affordable Housing Corporation, private lenders and developer equity. The City provides a tax exemption for the homes.
Upon construction completion, the sponsor will sell the homeownership units to households who agree to owner-occupy their units for the length of the regulatory period. If the homeowner sells or refinances during the regulatory period, the homeowner may realize up to 2%
appreciation on the original purchase price per year of owner occupancy. Upon resale, the homeowner will also be required to sell to a household earning no more than the projects income limit.
The proposed project consists of the new construction of approximately four buildings containing a total of approximately 48 cooperative units and approximately 329 square feet of commercial space on the Disposition Area. The proposed project is part of the larger Central Harlem Infill Cluster project that will result in the construction of 12
new buildings containing a total of approximately 119 new affordable units, plus one unit for a superintendent.
Under the proposed project, the City will sell the Disposition Area to HCCI Central Harlem Owners Housing Development Fund Corporation Sponsor, for the nominal price of one dollar per tax lot, and the Sponsor will convey beneficial ownership of the Disposition Area to Iris Lemor Harlem LLC Company, which will develop the Disposition Area. The Company will also deliver a note, and the Sponsor and the Company collectively, Owner will deliver a mortgage, for the difference between the appraised value of the land and the purchase price Land Debt.
Upon conversion to a cooperative, the cooperative corporation will repay the Land Debt and City Subsidy, if any, attributable to the property by delivering a note and mortgage and/or conditional grant agreement to the City. At such time, HPD may unsecure or forgive all or a portion of the Land Debt, and unsecure, but not forgive, all or a portion of the City Subsidy, based on the appraised value of a homeownership unit and/or, in the case of forgiveness of Land Debt, if HPD determines that the forgiveness is necessary to reduce the taxable consideration for a unit. The sum evidenced by the note and secured by the mortgage will be reduced to zero upon maturity of the Land Debt and City Subsidy, respectively, if the owner has complied with the programs restrictions.
The appraisal and the proposed Land Disposition Agreement and Project Summary are available for public examination by emailing Margaret Carey, at careym@hpd.nyc.gov, on business days during business hours.
The hearing location is accessible to individuals using wheelchairs or other mobility devices. For further information on accessibility or to make a request for accommodation, such as sign language interpretation services, please contact the Mayors Office of Contract Services MOCS via email, at disabilityaffairs@mocs.nyc.gov, or via phone at 212 298-0734. TDD users should call Verizon relay services.
Any person requiring reasonable accommodation for the public hearing should contact MOCS, at least three business days in advance of the hearing to ensure availability.

a12