The New York City Housing Authority (NYCHA) has issued a Request for Expressions of Interest (RFEI) to solicit interest from partners with development projects on private land, exploring the expansion of public development opportunities that could create more low-income housing in the five boroughs. A virtual pre-submission conference is scheduled for Sept. 9.
“NYCHA is not only the largest landlord in New York City but also the largest landowner, touching nearly every corner of the five boroughs,” said NYCHA CEO Lisa Bova-Hiatt. “Using all available strategies, we can maximize housing opportunities for NYCHA residents and other low-income New Yorkers and bring a forward-thinking approach to help address the city’s housing crisis in a tangible way.”
Following the release of the RFEI, submissions from interested applicants will be accepted from Oct. 14 to Nov. 18. The submissions must follow the submission instructions outlined in the RFEI.
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Northwind Group has originated a $231-million first mortgage construction loan for 675 Third Ave., a 32-story, 337,000-square-foot office building in Manhattan’s Midtown East neighborhood that is slated for conversion into residential apartments. The conversion is being led by a joint venture between Nathan Berman’s Metro Loft Management and David Werner Real Estate Investments. Loan proceeds...
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