Directory of New York City Affordable Housing Programs
| Program (?) | Arverne Urban Renewal Area |
|---|---|
| Alternative Name(s) | Arverne East; Arverne-By-The-Sea; Water's Edge |
| Benefit Classification (?) | |
| Supply or Demand | Supply |
| One-Time or Ongoing | One-Time |
| Benefit Type (?) | Property |
| Government Agency (?) | NYC Dept of Housing Preservation and Development |
| Program Information (?) | |
| Scale | Medium Scale (between 1,000 and 4,999 units produced) |
| Timeframe | 2006-Present |
| Developer/Owners (?) | For-Profit, Government |
| Property Information (?) | |
| Property Occupancy | Vacant |
| Property Type | Land, City-Owned |
| Building Type | One- to Four-family |
| Construction Type | New Construction |
| Occupant Tenure (?) | Homeownership |
| Occupant Income Restrictions (?) | Moderate-Income, Middle-Income |
| Other Targeting Information (?) | Geographic Restrictions |
| More Information | NYC DCP The Municipal Art Society of New York |
The Arverne Urban Renewal Area is bounded by Beach 32nd Street, Beach 81st Street, Rockaway Freeway, and the Rockaway Boardwalk and consists of 308 acres. HPD chose developers based on an RFP, and funds for the housing came from a combination of existing city and state programs. Phase I of the project, Water’s Edge, consisted of the construction of 40 two-family homes on four infill sites between Beach 59th Street and Beach 62nd Street, south of Rockaway Beach Boulevard. Phase I was completed in the Spring of 2001. In 2006, construction began on Phase II, which consists of 130 condominiums in the same area. Construction is still underway to date. HPD sold the land to developers for $1,000 per each housing unit, and cost savings were passed onto the homebuyers to encourage housing affordability. The area also contains two other projects. Arverne by the Sea is intended to produce 2,300 units, half of which will be affordable to households making no more than $92,170 for a family of four. An area adjacent to Arverne by the Sea, Arverne East, has the goal of building 1,600 units of middle-income units. Forty-three percent of the units will be reserved for households with incomes no greater than $92,170 for a family of four.
