BELLINGS

East Harlem Housing Proposal on City-Owned Lot Expands to 762 Units

An affordable and supportive housing complex slated for a city-owned site in Manhattan’s East Harlem neighborhood just got 62 units larger. The New York City Department of Housing Preservation and Development (HPD) submitted plans on Friday to rezone the city block surrounding…

An affordable and supportive housing complex slated for a city-owned site in Manhattan’s East Harlem neighborhood just got 62 units larger. The New York City Department of Housing Preservation and Development (HPD) submitted plans on Friday to rezone the city block surrounding…

BELLINGS Intelligence Score: 12

Why it matters

The expansion of an affordable housing proposal on a city-owned lot in East Harlem is a routine municipal development with limited direct impact on credit markets or lending practices relevant to sophisticated credit professionals.

Sources

  • Commercial Observer

    East Harlem Housing Proposal on City-Owned Lot Expands to 762 Units

    An affordable and supportive housing complex slated for a city-owned site in Manhattan’s East Harlem neighborhood just got 62 units larger. The New York City Department of Housing Preservation and Development (HPD) submitted plans on Friday to rezone the city block surrounding…