Project Description
HPD, through its Low-Income Housing Tax Credit Portfolio Preservation (Year 15) Program, is proposing to extend the existing debt and is seeking approval of a tax exemption pursuant to Section 577 of the Private Housing Finance Law (PHFL) of the State of New York for the properties located at 981-985 Park Place and 122 Kingston Avenue in the Crown Heights neighborhood in Brooklyn, Community District 8, and 67 Hanson Place in the Fort Greene neighborhood of Brooklyn, Community District 2. The building located at 122 Kingston Avenue is currently vacant, the building located at 981-985 Park Place is currently occupied with approximately 45 tenants, and the building located at 67 Hanson Place is currently occupied with approximately 115 tenants. In addition to the above actions, substantial rehabilitation is proposed at these properties. No ground disturbance or changes to each buildings overall floor area, height, or footprint are proposed as part of the rehabilitation activities. Partial funding for the rehabilitation activities would be provided by HPD. The proposed actions are intended to preserve the affordability of the existing 132 dwelling units in these buildings. The buidings are located within the Crown Heights North (122 Kingston Avenue), Crown Heights North II (981-985 Park Place), and Brooklyn Academy of Music (67 Hanson Place) Landmarks Preservation Commission (LPC) designated and State/National Register-listed Historic Districts, therefore the proposal is a Type I action under SEQR/CEQR.