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Old 03-02-2021, 12:07 PM
 
233 posts, read 310,309 times
Reputation: 119

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They appear to all be located at the intersection of East New York, Brownsville and New Lots.
Two family homes go for $477,158 - $558,399
Three family homes go for $478,014 - $706,714

The rental unit prices caps are determined by the HPD and there seems to be some clause about selling, which nets owners a 2% increase in property value per year up to 20 years. I'm not sure how long the owner must use them as a primary residence before being eligible to rent both units.

Any thoughts on these units? Anyone applying.
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Old 03-02-2021, 12:56 PM
 
172 posts, read 247,147 times
Reputation: 64
It’s the hood, don’t even bother. Granted I haven’t been in the hinsdale area in a few years but I’m sure not much has changed.
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Old 03-02-2021, 01:05 PM
 
233 posts, read 310,309 times
Reputation: 119
Quote:
Originally Posted by namebyuser View Post
It’s the hood, don’t even bother. Granted I haven’t been in the hinsdale area in a few years but I’m sure not much has changed.
This is definitely for someone without school age children who doesn't mind living in a neighborhood that's still very rough around the edges.
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Old 03-03-2021, 12:29 PM
 
17 posts, read 26,087 times
Reputation: 13
this is interesting, I hadn't seen this! I'm actually in the process for the blake-hendrix homes and these look very similar to those. Wishing well for anyone who applies, I think it's a great investment for those who are patient and willing to take the plunge.
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Old 03-03-2021, 01:43 PM
 
134 posts, read 197,065 times
Reputation: 43
THere's a new one up that doesn't require any downpayment https://housingconnect.nyc.gov/Publi...arch-lotteries
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Old 08-31-2021, 03:52 PM
 
133 posts, read 136,275 times
Reputation: 28
anyone know how can I add someone to this application, if I buy a home it would be with someone else (I don't live in the community board but he does) can I add him to my application and get CB preference? how do I do that? crossing my fingers number 14xx
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Old 08-31-2021, 03:54 PM
 
133 posts, read 136,275 times
Reputation: 28
also has anyone been contacted about this one?
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Old 02-27-2022, 11:35 PM
 
38 posts, read 43,838 times
Reputation: 16
Any updates on this one?
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Old 04-17-2024, 12:20 PM
 
11 posts, read 2,217 times
Reputation: 10
Any updates post covid?
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Old 04-23-2024, 06:53 PM
 
962 posts, read 944,889 times
Reputation: 300
That neighborhood is terrible. I’d rather move out of state than live there but Mike Tyson was over there a few days ago
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