Cost: $5,000,000
Completed: November 2006, projected
Type: New Construction

16 two-family homes developed under NYC HPD’s New Foundations Program, a program geared towards first-time homebuyers. The Program enables sponsors/developers to purchase city-owned land and construct one- to four-family homes and/or cooperatives/condominiums to provide homeownership opportunities to moderate and middle-income families at a subsidized rate.