"Offering lively modern amenities and 23 newly constructed, beautiful rent-stabilized residences," noted Housing Connect's description of Water's Edge, a complex located at 5 Stuyvesant Place in St. George. Units in the building, which is anticipated to receive a tax exemption through the 421a Tax Incentive program of the New York City Department of Housing Preservation and Development, are available to those with an annual household income falling between $82,115 and $218,010. Construction is still underway; no completion date has been offered.
"HPD remains dedicated to building more affordable housing throughout New York City, and strongly encourages people to apply to this exciting Staten Island opportunity," noted NYC Housing Preservation and Development (HPD) Deputy press secretary Natasha Kersey. Amenities at Water's Edge include in-unit laundry, a gym, recreation room and rooftop terrace and dog run.
"The New York City Department of Housing Preservation and Development (HPD) and Housing Development Corporation (HDC) create affordable housing opportunities for many household income levels and sizes," according to the Housing Connect website. "The buildings are privately owned. HPD and HDC have a monitoring and oversight role. There are rental and homeownership opportunities. Rentals are regulated."
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