A new co-op development in Soundview is now offering 23 affordable one- and two-bedroom units exclusively for first-time homeowners. While several units were allocated through the HPD Housing Connect lottery, these additional homes are available outside of the lottery system. Prices are aimed at buyers within 70% to 80% AMI. Funded by the Open Door program, which encourages affordability, the development enhances local housing options and is strategically located near Soundview Park and public transit. It emphasizes helping local renters transition into homeownership, particularly supporting working community members.
The Soundview co-op development offers new one- and two-bedroom affordable units solely for first-time buyers, supporting local renters to transition into homeownership.
Funded through the city's Open Door program, which incentivizes deeper affordability, this development aims to provide stable and affordable housing for various community members.
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