New York City Housing Authority DEVELOPMENT PORTFOLIO

New York City Housing Authority DEVELOPMENT PORTFOLIO Department for Development June 2011

New York City Housing Authority BOARD OF DIRECTORS Jo h n B. Rh e a Ch a i r m a n Em i ly A. Yo u s s o u f Vice Chair Margarita Lopez Me m b e r Vilma Huertas Se c r e ta r y Mi c h a e l P. Ke l ly General Manager Department for Development June 2011

COMPLETED PROJECTS Brook Willis Ki ps Bay Bo y s & Gi r l s Cl u b University Avenue Consolidated I & II University Avenue Consolidated III Un iv e r s i t y Av e n u e Co n s o l i d at e d IV Fabria Houses Markham Gardens Sta p l e t o n June 2011 3

COMPLETED PROJECTS Brook Willis * Mott Haven, Bronx BROOK WILLIS EIGHT BUILDINGS_VIEWS NORTH This project involves substantial rehabilitation of eight vacant NYCHA buildings to preserve 121 units for low income families earning up to 60% AMI. Eligible Section 8 NYCHA voucher holders have been given rental preference for 42 of the 121 units. All buildings are tenanted with a total of 39 Section 8 voucher holders. * Formerly buildings within the NYCHA developments known as Betances III and V 4 New York City Housing Authority

Brook Willis Proposed Development Acquisition Price $0 Number of Units 121 Status Four buildings completed in 2010. RENOVATED INTERIORS_145th street (left and right) Development Team Galaxy General Contracting Corporation and Oaklander Coogan and Vitto Architects Elected Officials RENOVATED KITCHEN_145t h street Congressional District_16 Jose E. Serrano State Senate District_28 Jose M. Serrano State Senate District_32 Ruben Diaz Sr. State Assembly District_84 Carmen Arroyo City Council District_8 Melissa Mark-Viverito City Council District_17 Maria del Carmen Arroyo Community District 01 Location / Key Plan 431, 435, 441, 445 East 136th St Block 2281, part of lot 10 458 East 143rd Street Block 2287, lot 133 546 East 145th Street Block 2271, lot 20 444, 448 East 147th Street Block 2291, part of lot 27 136th STREET June 2011 5

COMPLETED PROJECTS Kips Bay Boys & Girls Club Morris Heights, Bronx BUILDING EXTERIOR This formerly City-owned property known as The Hebrew Institute has been substantially rehabilitated to create a 28,000 SF community center including: dance studio, library, classrooms, game room, computer lab, gymnasium, locker rooms and office space. The center will serve children from the surrounding community, including those living in NYCHA s University Avenue Consolidated and other developments in Community District 5. 6 New York City Housing Authority

Kips Bay Boys & Girls Club Proposed Development Acquisition Price Nominal Number of Units --- Building Area 28,000 SF DANCE STUDIO Status Completed March 2010 Development Team Kips Bay Boys & Girls Club Inc. Vince Benic Architects GTL Construction Elected Officials GYMNASIUM Congressional District_16 Jose E. Serrano State Senate District_28 Jose M. Serrano State Assembly District_86 Nelson L. Castro City Council District_14 Fernando Cabrera Community District 05 Location / Key Plan New York City University Avenue (between West Tremont and West Burnside Avenues) Bronx KIPS BAY BOYS & GIRLS CLUB Block 2879, lot 114 MULTIPURPOSE ROOM June 2011 7

COMPLETED PROJECTS University Ave Consolidated I & II (1985) Morris Heights, Bronx AERIAL IMAGE: VIEW SOUTH University Avenue Consolidated I and II consist of 8 multi-family buildings (321 units) all located within the Morris Heights neighborhood. The development was completed in two phases by Bronx Pro Real Estate Management. Phase I included the renovation of four (4) buildings and construction of one (1) new building to create 210 units with significant green and energy efficient features. The project included renovation of ground-floor commercial spaces and an on-site day care center. Phase II of the project resulted in renovation of three (3) buildings with 111 units. Apartments are affordable to households making up to 60% AMI. Rental preference and Section 8 Vouchers were available to former and current UAC residents for 35% of all units. Both phases are tenanted. Fifty-four (54) of all units are currently occupied by former UAC residents. 8 New York City Housing Authority

Exhibit Photos Exteriors University Ave Consolidated I & II Proposed Development Acquisition Price $0 University Macombs: Apt Interior Number of Units Phase I: 210 / Phase II: 111 Status Phase I: Completed 12/06 Phase II: Completed 8/07 1491 MONTGOMERY AVENUE Development Team (I & II) Bronx Pro Real Estate Mgmt Santoriello & Groome Arch y Macombs: Interior Before Be f o r e After Elected Officials P&P Contracting Belmont Arthur Avenue Development Corporation Af ter RENOVATED APARTMENT_b e f o r e After & a f t e r Congressional District_16 University Macombs Apartments: State Senate District_28 Entry way 1605 UNIVERSITY AVENUE Be f o r e University Macombs Apartments: Entry way State Assembly District_77 State Assembly District_86 City Council District_16 Community District 05 Location / Key Plan University Avenue Jose E. Serrano Jose M. Serrano Vanessa L. Gibson Nelson L. Castro Helen D. Foster New York City Before After Ph a s e I: block 2876, lot 194 b lo c k 2878, After l o t 15, 17, 90, and 19 (new construction) Ph a s e II: b l o c k 2876, l o t 184, 185 block 2877, lot 233 Bronx UNIVERSITY AVENUE CONSOLIDATED 1605 UNIVERSITY AVENUE RENOVATED ENTRYWAY_b e f o r e & a f t e r Before After June 2011 9

COMPLETED PROJECTS University Ave Consolidated III (1985) Morris Heights, Bronx AERIAL IMAGE: VIEW NORTH University Avenue Consolidated III consists of 4 scattered multi-family buildings (173 units) all located within the University Heights neighborhood. The developer renovated the structures to produce 173 rental units affordable to households making up to 80% AMI. Initial rent up is almost complete. 10 New York City Housing Authority

University Ave Consolidated III Proposed Development Acquisition Price $8.6 million * Number of Units 173 Status Developer selected 10/08; closing completed 12/09 UAC 3 Developer LLC 1601 UNIVERSITY AVENUE Santoriello Groom Architects Development Team P&P Contracting, Bronx Pro Real Estate Mgmt Belmont Arthur Avenue Development Corp Elected Officials 1472 MONTGOMERY AVENUE Congressional District_16 Jose E. Serrano State Senate District_28 Jose M. Serrano State Assembly District_77 Vanessa L. Gibson City Council District_16 Helen D. Foster Community District 05 Location / Key Plan New York City 1665 Andrews Avenue Existing Units - 59 University Avenue Ph a s e III: b lo c k 2878, l o t 1, 5, 44 (two buildings on same lot) Bronx UNIVERSITY AVENUE CONSOLIDATED 1665 ANDREWS AVENUE * $6.36 million at closing, $1.39 following permanent conversion with a $0.85 million note to ensure rental preference for NYCHA during the 30 year loan period. June 2011 11

COMPLETED PROJECTS University Ave Consolidated IV (1985) Morris Heights, Bronx AERIAL IMAGE: VIEW NORTH University Avenue Consolidated IV consists of 6 scattered multi-family buildings (290 units - including two for resident superintendents) all located within the University Heights neighborhood. The developer renovated the structures and conveyed the rental units to the NYC Partnership Housing Development Fund Company, Inc. Twenty-five percent of the rental units (72 units) are reserved for NYCHA, with rental priority for former UAC residents. The 6 buildings are now tenanted. In addition to 79 units with project based vouchers, 66 units are occupied by tenant based voucher holders. 12 New York City Housing Authority

University Ave Consolidated IV Proposed Development Acquisition Price $14.75 million * Number of Units 290 1660 ANDREWS AVENUE Status Development Team Elected Officials Developer selected 10/08; Phase IV closing completed 6/09 Arista Development Group, Charis Consulting, MDG Design & Const., Shinda Mgmt, South Bronx Overall Economic Development Corp, & Beth Abraham Family Health Services NYC Partnership Housing Development Fund Company 65 FEATHERBED LANE Congressional District_16 Jose E. Serrano State Senate District_28 Jose M. Serrano State Assembly District_77 Vanessa L. Gibson City Council District_16 Helen D. Foster Community District 05 Location / Key Plan New York City University Avenue Ph a s e IV: b l o c k 2876, l o t 25, 31 block 2877, lot 202 b l o c k 2878, l o t 23, 83, 169 Bronx UNIVERSITY AVENUE CONSOLIDATED 1473-1475 POPHAM AVENUE * The purchase price for the UAC IV buildings was $14.75 million: NYCHA received $8.9 million at the construction closing and will receive $5.8 million at 6% interest payable within 35 years via a purchase money mortgage June 2011 13

COMPLETED PROJECTS Fabria Houses East Village, Manhattan 617-621 East 9th Street 410 East 11th Street 426 East 11th Street 212-214 East 7th Street AERIAL IMAGES: VIEWS NORTH Three former Project Based Section 8 properties were rehabilitated and two new buildings constructed on two former City-owned sites located on East 9th and 7th Streets respectively. The developer entered into a 99-year ground lease with NYCHA for all properties. The development created 65 units for Section 8 voucher holders and families earning up to 60% AMI. First priority was given to the 31 former residents of Fabria Houses; second priority was available to households on NYCHA s Section 8 waiting list. All units are occupied by NY- CHA Section 8 voucher holders. 14 New York City Housing Authority

Fabria Houses Proposed Development Ground Lease / Year Number of Units 65 $100,000/year for 10 years; % surplus cash thereafter Status Construction completed 05/09 212 EAST 7th STREET FACADE Development Team Elected Officials Congressional District_14 State Senate District_25 State Assembly District_74 City Council District_2 Fabria Houses Associates LP (Phipps Houses) Lettire Construction Corp. Oaklander Coogan & Vitto Architects Carolyn B. Maloney Daniel Squadron Brian Kavanagh Rosie Mendez 410 EAST 11th STREET_In t e r i o r_ki tc h e n Community District 03 Location / Key Plan 212-214 East 7th Street 617-621 East 9th Street 410 East 11th Street 426-428 East 11th Street Bl o c k 438, Lo t 13, 21, 22 Block 392, Lot 53 Block 389, Lot 24 Manhattan FABRIA REHAB New York City 617 EAST 9th STREET_Fa c a d e_st o r e f r o n t 426 EAST 11th STREET_In t e r i o r_ki tc h e n June 2011 15

COMPLETED PROJECTS Markham Gardens (1943) Richmond Terrace, Staten Island AERIAL IMAGE: VIEW NORTH Built in 1943, Markham Garden s original two-story structures (360 units) were demolished in 2007. The first phase of redevelopment included (i) 240 affordable rental units and (ii) 25 two-family homes for affordable homeownership. All rental housing is affordable to households earning below 60% AMI and up to 120% AMI. Townhouses are available for purchase by families earning between 70-130% AMI. Former residents of Markham Gardens have rental preference and priority for homeownership. A total of thirteen townhomes have been sold including three to former NYCHA residents. Sixteen former Markham Gardens residents have returned as tenants. 16 New York City Housing Authority

DU's Com Total No. Fl. Area Total 1BR 2BR 3BR 4BR Fac DU's Hses per Hse Fl Area 96 96 32 2,838 90,816 16 16 32 16 2,032 32,512 30 30 60 30 1,991 59,730 13 26 13 1,519 19,747 9 9 9 1,427 12,843 7 7 14 7 1,984 13,888 3 3 3 3 1,519 4,557 53 112 53 9 [na] 240 110 [na] 234,093 3 3 6 3 2,029 6,087 22 22 44 22 2,022 44,484 25 25 50 25 [na] 50,571 78 112 78 9 290 135 284,664 Markham Gardens Proposed Development Acquisition Price: $- Number of Units: 290 Site Area 541,000 SF Before Status Rental units were completed in Spring 2009; homeownership townhouses were completed in Spring 2010 MARKHAM GARDENS BUILDINGS PRIOR TO DEMOLITION Development Team Markham Developer, LLC, The Domain Companies, LLC, Domenech Hicks & Krockmalnic, The Arker Companies, Neighborhood Housing Services of Staten Island Elected Officials G SITE PLAN Congressional District_13 Michael G. Grimm State Senate District_23 Diane J. Savino State Senate District_24 Andrew J. Lanza State Assembly District_61 Matthew Titone City Council District_49 Deborah L. Rose Community District 01 Location / Key Plan Rental Housing: Block 169, lot 1 New York City After Homeownership: Bl o c k 169, l o t 2, 3, 4, 5, 6, 7, 8, 9, 12, 13, 14, 15, 16, 17, 19, 20, 21, 22, 23, 26, 27, 28, 29, 30, 31 Staten Island MARKHAM GARDENS NEW RENTAL UNITS June 2011 17

COMPLETED PROJECTS Stapleton (1962) Stapleton, Staten Island ue Tompkins Aven AERIAL IMAGE: VIEW WEST The development at Stapleton Houses consist of an eight-story building with 105 units for low income seniors earning up to 60% AMI. Due to marketing issues, the senior requirement has been replaced by a senior preference. Income eligible NYCHA residents have rental priority for 37 units in the building. Initial rent-up is now complete, including 37 units being occupied by NYCHA Section 8 voucher holders. In lieu of an acquisition fee, the developer provided improvements to recreational facilities including a basketball court, tennis court, and playground. 18 New York City Housing Authority

Stapleton Proposed Development Acquisition Price $0; in-kind improvements Number of Units 105 DEVELOPMENT SITE Site Area Status Development Team 46,800 SF Developer selected 9/05; Section 18 approval received 11/08; closing completed 5/09 BFC Stapleton LLC Magnusson Architecture and Planning PC Broad Street PROPOSED PLAN Elected Officials Congressional District_13 Michael G. Grimm State Senate District_23 Diane J. Savino State Assembly District_61 Matthew Titone City Council District_49 Deborah L. Rose Community District 01 Location / Key Plan New York City Broad Street (between Tompkins Avenue and Warren Street) Staten Island STAPLETON Block 545, lot 40 ILLUSTRATIVE RENDERING June 2011 19