NYCHA closes on $245M funding deal to build Libeskind’s affordable homes

Date Published: 
July 28th, 2021

From Real Estate Weekly:

The city has finalized a $245 million financing package to bring to life two new affordable housing developments, including one designed by world famous architect Daniel Libeskind.

Together, Casa Celina in the Bronx and Atrium at Sumner in Bed-Stuy, will create 393 new affordable apartments for New York seniors.

“Seniors are a top priority for this Administration’s ambitious affordable housing plan,” said HPD Commissioner Louise Carroll. “Casa Celina and Atrium promise to be thriving communities with seniors receiving the support they need to prosper."

Construction on the 205-unit Casa Celina building at a vacant parking lot site at NYCHA’s Justice Sonia Sotomayor campus and the 190-unit Atrium at Sumner building on NYCHA’s Sumner Houses campus in Brooklyn is expected to begin later this month.

The 16-story Casa Celina – named after Justice Sonia Sotomayor’s mother – will feature 158 studio apartments and 46 one-bedroom apartments, as well as one two-bedroom superintendent apartment, with 62 apartments set aside for homeless seniors and the remaining 142 apartments available to households earning at or below 50 percent of Area Median Income. NYCHA residents will be given preference for 36 of the apartments in the development.

Read Real Estate Weekly's article "NYCHA closes on $245M funding deal to build Libeskind’s affordable homes."

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