2 Fordham Hill Oval HDFC 185K

 No need for the elevator! This sprawling one bedroom is on the 3rd floor!

This home features an updated kitchen and bathroom, king sized bedroom, living room and dining area. The apartment has hardwood floors, ceiling fans and large picture windows.
All utilities and taxes are included in the maintenance.

Residents in this gated community enjoy, exclusive children’s playground, gym, parking adjacent to the complex, package room, laundry room, 3 community rooms in the complex and outdoor garden seating areas.

The cooperative complex is very well connected to transportation via Subways, MetroNorth and access to highways and neighborhood amenities.

Stalled Downtown Brooklyn Cultural District Development to resume

Liftoff on Fort Greene Project

By LAURA KUSISTO

The city is moving forward with the final pieces in its long-delayed project to develop the Downtown Brooklyn Cultural District at the edge of Fort Greene.

A development partnership is proceeding with a roughly 500,000-square-foot tower with 600 units of housing, half of which will be affordable to low- and middle-income residents. It also will have retail, office and cultural space.

Ten Arquitectos

A rendering of a planned 32-story tower in Fort Greene, Brooklyn, that also will include new public space.

The city first sought developers to build on a city-owned parking lot at Fulton Street, Rockwell Place and Ashland Place in 2007, but the economic crash slowed progress.

"In 2008, 2009, 2010 things weren't happening. Luckily the market's come back," said Melissa Pianko, executive vice president for development of Gotham Organization, which together with DT Salazar Inc. is building the tower.
Read Full Story Here: http://online.wsj.com/article/SB10001424127887324705104578147501254371648.html?mod=WSJ_NY_MIDDLETopStories

New Affordable housing proposed for Brooklyn

Brooklyn’s Lincoln Road may be site of new rental, with affordable, below market-rate units

October 04, 2012 12:00PM

Project rendering (credit: Curbed)

Prospect Lefferts Garden could soon be getting a nine-story, 133-unit building. Situated near Prospect Park, at 33 Lincoln Road, the building would have 20 percent of its units be affordable to low-income tenants and the rest of the units would be 10 percent below the market rate. The ground floor would include two retail spaces and a community space. Other building amenities include underground parking and storage for rent, a gym, a café and a roof deck.
Tom Anderson of Anderson Associates last night presented the plan for the property, which would sit atop a 26,000-square-foot lot, to the ULURP Committee of Brooklyn Community Board 9. Building permits are still filtering through the Department of Buildings and the plan will go to the full Community Board toward the end of the month.
The Department of Housing Preservation and Development has already green-lit the proposal.

credit:  http://therealdeal.com/blog/2012/10/04/brooklyns-lincoln-road-may-be-site-of-new-rental-with-affordable-below-market-rate-units/

More and more rental buildings going with 80/20 program

Gary Jacob, executive vice president of Glennwood Management and the Emerald Green



Developers are increasingly including affordable units within luxury rental buildings as part of the 80/20 program, the New York Times reported.
Steven Spinola, the president of the Real Estate Board of New York, says at least six 80/20 projects are being planned in Manhattan that will add some 1,500 affordable and rent-stabilized apartments.

Previously, when developers of market-rate residential buildings included affordable housing in exchange for tax incentives, the affordable units were often in another complex or even in another borough altogether. But in 2008, the city changed regulations in a way that made it almost impossible for developers to include the affordable units outside the luxury buildings.

Read Full Story Here: 
http://therealdeal.com/newyork/articles/more-and-more-rental-buildings-going-with-80-20-program