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Arverne & Edgemere, Far Rockaway, NY
PROJECT
DESCRIPTION
|
Number
of Units
|
|
|
Homeownership |
24
|
|
|
Rental |
1776
|
|
|
Total Units |
1800
|
|
|
|
Unit Type |
# |
Size |
# |
Square Footage |
|
Townhouse |
|
1 BR |
|
|
|
Multi-family |
|
2 BR |
|
|
|
Semi-Detached |
|
3 BR |
|
|
|
Detached |
|
4 BR |
|
|
|
| Income Mix |
|
|
|
|
(
to %
AMI)
|
|
|
( to % AMI)
|
|
| Other
Facilities |
|
|
Community
Space |
no |
n/a |
|
Day
Care |
no |
n/a
|
|
Commercial |
no |
n/a
|
| FINANCING SOURCES |
| Source
|
Type |
Amount |
HOPE VI
|
Grant
|
$67,700,000
|
|
|
|
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DEVELOPMENT COST
|
| Total Cost |
$165,000,000
|
| Per Unit Cost |
|
PHASING
|
| Start |
|
| Completion |
|
DEVELOPMENT
TEAM
|
| Owner |
|
| Participant |
Telesis Corporation |
Role: Project
Manager
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| Participant |
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| Participant |
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| Participant |
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| Participant |
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| Participant |
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| Participant |
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STATUS:
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