Affordable housing project opens at 201-207 7th Avenue in Chelsea, Manhattan

0

A new affordable housing development has opened at 201-207 7th Avenue in Chelsea, Manhattan. The affordable nine-story co-op building will replace four aging properties on the corner of 22nd Street, which are only partially occupied by five residents.

Designed by Amie Gross Architects, the new development will feature 26 co-ops ranging from studios to three-bedroom units. A commercial suite occupies approximately 3,500 feet of the ground floor of the building.

The look and feel of the structure is inspired by the detailed facades, stone masonry and brick masonry found in Chelsea’s historic commercial and residential buildings. Renderings of the building reveal a similar mix of beige and brown masonry, a simple window system, and eighth setbacks for a common terrace.

Additional facilities will include a communal courtyard, laundry room and bicycle storage.

“The design of the building is inspired by the community – both by its residents and its architecture,” said Amie Gross Architects president Amie Gross. This project embodies Amie Gross Architects’ commitment to sustainable and affordable structures that are made to last.

Existing buildings at 201-207 7th Avenue

Looking at the existing buildings at 201-207 7th Avenue

Looking at the existing buildings at 201-207 7th Avenue

The construction was funded by the New York City Department of Housing Preservation and Development’s (HPD) Affordable Neighborhood Cooperative Program (ANCP), which selects qualified developers to rehabilitate or redevelop community-owned multifamily buildings. struggling city to create rare affordable homeownership opportunities in New York. .

“This administration is committed to helping longtime New Yorkers own part of their neighborhood and ensuring that these homes remain affordable well into the future,” said HPD Commissioner Adolfo Carrión Jr. “Thanks to our Affordable Neighborhood Co-op program, we are excited to offer highly affordable home ownership opportunities to new and existing residents of Chelsea.

The five current residents have been temporarily relocated and are currently undergoing co-op homeownership training. Once construction is complete, these individuals will have the option of purchasing their co-op for $2,500, or as low as $250 if their income qualifies. The remaining units will be limited to buyers earning up to 130% AMI.

Project teams celebrate the start of construction at 201-207 7th Avenue

Project teams celebrate the start of construction at 201-207 7th Avenue

Subscribe to YIMBY daily email

Follow YIMBYgram for real-time photo updates
As YIMBY on Facebook
Follow YIMBY’s Twitter for the latest YIMBY news

Share.

About Author

Comments are closed.