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HPD: INCLUSIONARY HOUSING ELIG. CERT > What does this mean, it can only be accepted by an examiner?
How does that process go?
That is between the developers and HPD. The process:
Applicants must submit a completed Inclusionary Housing Program Affordable Housing Plan Application ("Application") and all information required as stated on the Inclusionary Housing Program Application Checklist (which is included in the Application).
Once an Application is complete, based on all necessary review, the developer or owner may enter into a regulatory agreement with HPD. The fully executed, regulatory agreement must be recorded against the property containing the affordable units, for as long as the density bonus is in use, as a restriction running with the land.
Upon full execution of the regulatory agreement, HPD will generate a Permit Notice, commonly referred to as the "DOB letter", for delivery to the NYC Department of Buildings (DOB). The Permit Notice states the amount of affordable floor area that a project will generate and allows DOB to issue a permit, to the bearer, to build the additional density created pursuant to the IHP.
Upon completion of the affordable housing, HPD will issue certificate(s) that state the amount affordable floor area generated. Thereafter DOB may issue a certificate of occupancy for a project using density bonus generated by this affordable floor area.
A single affordable development may generate a density bonus for multiple Compensated Developments. See Section 23-911 of the Zoning Resolution for a definition of the term "Compensated Development."
No problem. I look at it this way, it doesn't work....we keep trying!! Too much negativity in the world, we are better
I know 21 West End Avenue (next door) didn't work out for you, but I think that was a blessing in disguise. The apartments at 10 Freedom are supposed to be much bigger. I'm rooting for you; I'm rooting for all of us. I hope we can all get coffee one day as neighbors.
I know 21 West End Avenue (next door) didn't work out for you, but I think that was a blessing in disguise. The apartments at 10 Freedom are supposed to be much bigger. I'm rooting for you; I'm rooting for all of us. I hope we can all get coffee one day as neighbors.
Me too! Thanks for all the updates yesterday, everyone! It was so fun to read them on the way home after work. I am so happy it seems to be moving forward again.
Hey guys, according to my people but between us of course, Breaking Ground is also in the process of expanding their current office space and hiring 30 more employees for "processing and leasing" departments. An FYI on the screen shot I uploaded a couple of days ago is that it stands for our building not the market rate building, so the delivery for July 2017 applies to 10 Freedom Place. 1 West End has sold most of it's units and is in closing or negotiations through various brokers. The floor plans for this building are insane. The PH is a duplex with 5 BR and 4 Bathrooms. I also saw that the inspections are going through. Keep in mind Silverstein is friends with everybody so they will move it along for him and his abatement is attractive. MONEY TALKS...lol
Feels like we are getting close. Hope so. Good to be in real estate, you can snoop and I know who Breaking Ground's office landlord and broker are.
I wonder how these jobs are advertised. I think one of us should try to get hired, and so there would be someone on the inside to answer questions!
Hey, you would probably exceed the income requirement for a affordable apartment if you apply for the job. . I wonder if they are going to move forward before they hire someone? That becomes another "wait". I hope it is true that they have to have affordable in the building before the market rate folks. After all it's because of us poor folks that gives them the tax abatement. I sure hope there is a Starbucks close.
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