City Partners Celebrate Opening of 168 New Affordable Apartments at the Elliott-Chelsea Development Elliott-Chelsea Is Latest Development Completed Under Partnership Between NYCHA and HPD to Develop Affordable Housing on Underutilized NYCHA Property
BigNews.Biz - Apr 07,2012 - Marc Jahr, President of the New York City Housing Development Corporation (HDC), Mathew Wambua, Commissioner of the NYC Department of Housing Preservation and Development (HPD) and the New York City Housing Authority (NYCHA) Chairman John Rhea joined representatives of Artimus Construction and Citi Community Capital at the ribbon-cutting ceremony for The Elliott-Chelsea on West 25th Street and 9th Avenue in Manhattan. The new construction development adds 168 units of affordable housing for low- to middle-income families to the Chelsea neighborhood of Manhattan. The $65 million development was funded through public and private partnerships and is located on land provided by NYCHA, which was previously used as a parking lot for neighboring NYCHA properties – Elliott and Chelsea Houses.
This partnership between the agencies is part of a collaboration which was announced in April 2005 in an innovative effort to identify underutilized NYCHA properties and, when suitable, work to develop them as affordable homes for low-income New Yorkers. The HPD/NYCHA collaboration has already produced more than 2,200 units with another 1,600 in construction or in the development pipeline; for a total of more than 3,800 affordable units.
The HPD/NYCHA collaboration highlights the Bloomberg Administration’s commitment to working across agencies to maximize city resources for the benefit of hardworking New Yorkers. The Elliott-Chelsea development was created under Mayor Michael R. Bloomberg’s New Housing Marketplace Plan (NHMP). The Plan is a multi-billion dollar initiative to finance 165,000 units of affordable housing for half a million New Yorkers by 2014. To date, the Plan has funded the creation or preservation of over 129,600 units of affordable housing across the five boroughs with 7,100 units in Manhattan Community Board 4 where Elliot-Chelsea is located.
“The New York City Housing Authority is committed to providing affordable housing opportunities for low to medium-income New Yorkers,” said NYCHA Chairman John B. Rhea. “The new Elliott-Chelsea development is in line with the Authority’s strategic Plan NYCHA, which includes a long-term development strategy for the entire NYCHA portfolio, including all land and development assets that could potentially accommodate new housing. Through key partnerships such as these, we are able to maximize the use of our land to develop affordable and mixed-income housing for many more New Yorkers in need.”
“The Elliot Chelsea development is another contribution to our efforts to realize the ambitious goals of the Mayor's New Housing Marketplace plan, strengthen our collaborative efforts with HPD and NYCHA, while helping to preserve Community Board 4 and Chelsea's great diversity,” said Marc Jahr, President of HDC.
“This neighborhood epitomizes the fabric of New York and the factors that contribute to making it a world class urban center. In one of the most desirable communities in the City you have the residents of NYCHA’s public housing, HPD’s affordable housing, and private luxury buildings all calling Chelsea home,” said HPD Commissioner Mathew M. Wambua. “We are proof that neighborhoods can and should be diverse and have space for families with a broad diversity of incomes and backgrounds. This is not about one