NYPD Garage Will Become Affordable Housing Complex – NMP Skip to main content

NYPD Garage Will Become Affordable Housing Complex

Phil Hall
Jan 27, 2017

In what might be something of a multifamily housing first, an underutilized NYPD parking lot is going to be transformed into a 450,000-square-foot mixed-use development featuring 350 affordable housing units.

According to a Curbed NY report, the NYPD garage in the Jamaica section of Queens will also include a community facility and a ground-floor retail space. The NYPD will still retain a presence at the site, with an underground parking space reserved for police vehicles.

The project is a collaboration between three municipal agencies—the Economic Development Corporation, the Housing Development Corporation, and the Department of Housing Preservation and Development—and is the first project in the $153 million Jamaica NOW Action Plan, which was created to revitalize the neighborhood. The development of the new project will be coordinated by Omni New York LLC, a firm that has already built and rehabilitated over 6,000 affordable units across new York City.

Published
Jan 27, 2017
Manufactured Housing: The New Affordable Alternative

While the housing market is grappling with widespread affordability and supply, manufactured homes are gaining ground as a new alternative. 

Industry News
Dec 03, 2021
Angel Oak Home Loans Opens 3 New Branches

Continues expansion in Western U.S. with new branches in California, Nevada & Utah.

Industry News
Dec 02, 2021
Open Mortgage Names New President

Joe Stephenson, formerly of American Advisors Group, to lead daily operations.

Industry News
Dec 01, 2021
Homepoint Expands Refinance Program Offerings

Now offers Freddie Mac’s new refinance option, Refi Possible, making it easier for many homeowners with a Freddie Mac-owned mortgage to reduce their interest rate.

Industry News
Nov 30, 2021
Non-QM Lender Deephaven Hires Business Development VP

Dallas-based Tim Fisher charged with growing Deephaven’s correspondent business In Texas and surrounding states

Industry News
Nov 30, 2021
Biden Reappoints Powell As Federal Reserve Chairman

A signal that The Fed will continue its policies as inflation surges and economic uncertainty spikes due to an emerging variant of the coronavirus. 

Industry News
Nov 29, 2021