"taking the city one step closer to a comprehensive renovation of the housing complex. The Feb. 5 closing, which allows construction to start, comes after years of negotiations between residents and the city over the renovations. The development will deliver reliable heating and cooling, safety and security equipment, playground equipment, and a new senior center to the buildings' 450 residents."
"NYCHA is partnering with Permanent Affordability Commitment Together (PACT) for the two buildings at Campos Plaza II, which have now been converted to Project-Based Section 8 housing through the federal Rental Assistance Demonstration (RAD) program. PACT's partner team for the project includes L+M Development Partners and Type A Projects. Type A Projects is honored to work alongside the residents of Campos Plaza II to shape a scope of work and social services program that reflects the needs of this diverse and tightly knit community,"
The New York City Housing Authority closed on $92.5 million in financing to renovate two apartment buildings at Campos Plaza II in Manhattan's East Village, enabling construction to begin. The project will provide reliable heating and cooling, safety and security equipment, playground equipment, and a new senior center for 450 residents. Repairs and renovations are expected within three years, with urgent work starting immediately. The buildings were converted to Project-Based Section 8 housing through the federal RAD program under PACT. PACT partners include L+M Development Partners and Type A Projects, and Type A Projects will collaborate with residents. PACT transitions from Section 9 to Section 8 unlock resident-selected funding and enhance property management.
Read at www.amny.com
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