Park Lane at Sea View
460 Brielle Ave
Staten Island, NY
Cost: $28,700,000
Completed: May 2009
Special Funding/Financing: HPD 9% LIHTC, Historic Tax Credits
Type: Historic Gut Renovation

Development of 104-units of mixed-income rental housing for active seniors in two landmark historic buildings on New York City’s Sea View Hospital Campus. Awarded through an RFP by New York City, the “green” project is the highest quality independent-living development for seniors on Staten Island. The project was financed with eight sources of funding including low-income housing tax credits, historic rehabilitation tax credits, energy efficiency incentives and funding from the New York City Council and Staten Island Borough President. The development is the first Landmark structure to participate in the NYSERDA affordable green design initiative.
Related Links:
Property Website

Resources:
Tax Credit Advisor - January 2010
New York State Historic Preservation Awards