Richmond Place
129-11 Jamaica Avenue
Richmond Hill, NY
Cost: $34,000,000
Anticipated Completion: December 2012
Special Funding/Financing: NYC HDC Tax Exempt Bonds, NYC HDC LAMP, NYC HPD LIHTC, NYC HPD LIRP and HOME Funds, NYSERDA
Type: New Construction

Seven story, 117 unit new construction apartment building, consisting of 13 studios, 28 one-bedrooms, 68 two-bedrooms, 7 three-bedrooms and 1 two-bedroom superintendent’s unit. The project was developed through a 50 year regulatory agreement with NYC HDC that will set aside units for households earning no more than 60% of the area median income. Twenty percent of the units will be set-aside for formerly homeless households.