NOTICE of PUBLIC HEARING Proposed Financing
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NOTICE OF PUBLIC HEARING Proposed Financing NOTICE IS HEREBY GIVEN, pursuant to the provisions of Section 147(f) of the Internal Revenue Code of 1986, as amended, that the New York City Housing Development Corporation (the “Corporation”) is contemplating the issuance of one or more issues or series of bonds pursuant to plans of financing (the “Bonds”) in an aggregate amount not to exceed $5,610,583,920 in order to (i) provide a portion of the funds for the financing, refinancing, acquisition, rehabilitation and/or new construction of the residential developments described below (the “Developments”); and (ii) pay related costs including, without limitation, reserve amounts and costs of issuance of the Bonds for the Developments. The Bonds will not constitute a debt or obligation of the City or State of New York. The Corporation will conduct a hearing at 10:00 am on July 10, 2020 to receive comments from the general public on the proposed financing plans for the Developments and the Bonds. Due to the COVID-19 public health crisis, such public hearing shall be conducted remotely, through the use of telephone conference. Interested members of the public are invited to participate, and individuals will have an opportunity to make brief statements by dialing into the teleconference using the toll-free number 1-844-740-1264 and by entering the access code 160 007 3949. The hearing will also be accessible as a free-to-join webinar accessible through the world wide web address: https://nychdc.webex.com/nychdc/j.php?MTID=maa0f937f2cb92c9d75f02f5be931c531 and entering the passcode “TEFRA2020”. Additional information pertaining to the Developments is listed below: Location Approx. Owner Est. Loan # of Units Amount Sotomayor aka Casa Celina; 1810 Watson 100 A single purpose entity to be formed by Xenolith $38,820,000 Avenue; Block 3730, Lot 1; Bronx, NY Partners LLC, ELH Management LLC, and The Kretchmer Companies LLC. Astoria Towers; 110-14 Astoria Boulevard; 127 A single purpose entity to be formed by Astoria $26,310,000 Block 1704, Lot 22; Queens, NY & 110th Street Associates. Sendero Verde Phase II; 50 East 112th Street; 347 A single purpose entity to be formed by L+M and $114,000,000 Block 1617, Lot 20; New York, NY Jonathan Rose Companies. The Crossing at Jamaica Station - Midrise; 148- 130 CJ Plaza Two, LLC or another single purpose $64,790,000 10 Archer Avenue; Block 9998, Lot 95; Queens, entity to be controlled by the principals of BRP NY Companies. Twin Parks Terrace; 373 E 183rd St; Block 182 A single purpose entity to be formed by $60,970,000 3143, Lot 234; Bronx, NY Settlement Housing Fund and Joy Construction Corporation. Victory Commons; 1007 Union Avenue; Block 95 A single purpose entity to be formed by Exact $50,000,000 2669, Lot 80; Bronx, NY Capital. Betances VI; Along Willis Avenue between East 101 A single purpose entity to be formed by Lemle & $46,200,000 146th & East 147th Streets; Block 2291, Lot Wolfe Development, Alembic Community 101; Bronx, NY Development, and The Bridge Inc. Bronx Point Phase I; 575 Exterior Street; Block 542 A single purpose entity to be formed by L+M $169,585,000 2356, Lot 2; Bronx, NY Development Partners and Type A Projects. Melrose North; 925 Courtland Avenue; Block 171 A single purpose entity to be formed by Bronx $73,200,000 2409, Lot 98; Bronx, NY Pro Development and Services for the UnderServed. 37 Hillside; 37 Hillside Avenue; Block 2170, 164 A single purpose entity to be formed by $97,065,000 Lot 118; New York, NY RiseBoro Community Partnership Inc. and Coconut Properties LLC. North Cove; 3875 9th Avenue; Block 2188, Lot 274 A single purpose entity to be formed by Joy $88,800,000 01; New York, NY Construction and MADDD Equities. -2- Approx. # Est. Loan Location of Units Owner Amount Belmont Cove Apartments; 656 East 176th 158 A single purpose entity to be formed by $54,000,000 Street; Block 2945, Lot 34; Bronx, NY Mastermind Development LLC. Atrium at Sumner; 57 Marcus Blvd; Block 1580, 190 A single purpose entity to be formed by Urban $87,000,000 Lot 1; Brooklyn, NY Builders Collaborative LLC, RiseBoro Community Partners and Selfhelp Realty Group. Linden Terrace Phase 2; 573 Emerald Street ; 160 A single purpose entity to be formed by Radson $58,080,000 Block 4496, Lot 15; Brooklyn, NY Development and Canyon Sterling Emerald, LLC. Ebenezer Plaza II; 257 Hegeman Avenue; Block 208 A single purpose entity to be formed by Procida $94,225,000 3861, Lot 1; Brooklyn, NY Development Group LLC, Brisa Builders Corp. and Evergreen City LLC. Peninsula Building B1; 51-15 Beach Channel 513 A single purpose entity to be formed by The $170,400,000 Drive; Block 15843, Lot 1; Block 15842, Lot 1; Arker Companies. Block 15857, Lot 1; Queens, NY Logan Fountain; 3200 Atlantic Avenue; Block 346 A single purpose entity to be formed by The $122,040,000 4154, Lots 35,28,45; Brooklyn, NY Hudson Companies. 90 Sands; 90 Sands Street; Block 87, Lot 9; 498 A single purpose entity to be formed by Breaking $101,280,000 Brooklyn, NY Ground. 150 South Portland; 150 South Portland 104 A single purpose entity to be formed by Hanson $44,035,000 Avenue; Block 2003, Lot 37; Brooklyn, NY Place Church Support Corporation. Inwood Library; 4790 Broadway; Block 2230, 174 A single purpose entity to be formed by Ranger $54,300,000 Lot 13 & p/o Lot 20; Manhattan, NY Properties LLC, Housing Workshop NY LLC, Alembic Development Company, LLC, Community League of the Heights and The Children's Village. Greenpoint Landing H1/H2; 35 Commercial 374 A a single purpose entity to be formed by $95,970,000 Street; Block 2472, Lot 70; Brooklyn, NY Greenpoint Landing Associates, LLC. Compass Residences 6; 1923 West Farms Road; 261 A single purpose entity to be formed by $84,325,000 Block 3016, Lot 60; Bronx, NY Monadnock Development and Signature Urban Partners. One Flushing (B2B Conversion); 133-45 41st 232 A single purpose entity formed by Monadnock $68,750,000 Avenue, 133-51 41st Avenue; Block 5037, Lot Development, Asian Americans for Equality and 64/65; Queens, NY HANAC. Parkchester Gardens; 1701 Purdy Street; Block 221 A single purpose entity to be formed by $92,920,000 3943, Lot 199; Bronx, NY Parkchester Preservation Corporation. 1921 Atlantic Avenue; 1921 Atlantic Avenue; 236 A single purpose entity to be formed by Dabar $126,790,000 Block 1557, Lots 1, 2, 3, 4, 23, 26, 28, 31-37, Development Partners and Thorobird 38; Brooklyn, NY Companies, LLC. River Crest Phase B; 1164 River Ave; Block 250 A single purpose entity to be formed by Joy $93,600,000 2488, Lot 1; Bronx, NY Construction and MADDD Equities LLC. Park Lane; 1965 Lafayette Avenue; Block: 154 A single purpose entity to be formed by Atreides $59,775,000 3672, Lot: 30; Bronx, NY Holdings LLC. -3- Approx. # Est. Loan Location of Units Owner Amount PACT Manhattan Bundle I; 335 EAST 111TH 1718 A joint venture to be formed by PRC LLC and $400,365,000 STREET; Block 1683, Lot 18; 120 EAST New York City Housing Authority (“NYCHA”). 123RD STREET; Block 1771, Lot 59; 115 EAST 122ND STREET; Block 1771, Lot 10; 114 EAST 122ND STREET; Block 1771, Lot 66; 116 EAST 122ND STREET; Block 1771, Lot 65; 515 WEST 134TH STREET; Block 1988, Lot 20; 511 WEST 134TH STREET; Block 1988, Lot 22; 1504 AMSTERDAM AVENUE; Block 1988, Lot 31; 529 WEST 133RD STREET; Block 1987, Lot 17; 514 WEST 134TH STREET; Block 1987, Lot 17; 2405 A C POWELL BOULEVARD; Block 2009, Lot 4; 2403 A C POWELL BOULEVARD; Block 2009, Lot 1; 173 WEST 140TH STREET; Block 2009, Lot 1; 2401 AC POWELL BOULEVARD; Block 2009, Lot 1; 138 WEST 139TH STREET; Block 2007, Lot 57; 136 WEST 139TH STREET; Block 2007, Lot 56; 110 WEST 139TH STREET; Block 2007, Lot 42; 151 WEST 142ND STREET; Block 2011, Lot 9; 153 WEST 142ND STREET; Block 2011, Lot 9; 120 WEST 140TH STREET; Block 2008, Lot 13; 99 FORT WASHINGTON AVENUE; Block 2136, Lot 235; 2340 AMSTERDAM AVENUE; Block 2132, Lot 47; 501 WEST 176TH STREET; Block 2132, Lot 47; 2346 AMSTERDAM AVENUE ; Block 2132, Lot 47; 500 WEST 177TH STREET; Block 2132, Lot 47; 503 WEST 177TH STREET; Block 2132, Lot 110; 511 WEST 177TH STREET; Block 2132, Lot 114; 506 WEST 177TH STREET; Block 2132, Lot 100; 514 WEST 177TH STREET; Block 2132, Lot 100; 509 WEST 176TH STREET; Block 2132, Lot 94; 506 WEST I 76TH STREET; Block 2132, Lot 84; 502 WEST l 77TH STREET; Block 2132, Lot 106; 514 WEST 176TH STREET; Block 2132, Lot 80; 510 WEST 176TH STREET; Block 2132, Lot 82; 2109 AMSTERDAM AVENUE; Block 2111, Lot 5; 2111 AMSTERDAM AVENUE; Block 2111, Lot 6; 500 WEST 164TH STREET; Block 2121, Lot 51; 465 WEST 164TH STREET; Block 2121, Lot 42; 463 WEST 164TH STREET; Block 2121, Lot 41; 461 WEST 164TH STREET; Block 2121, Lot 40; 457 WEST 164TH STREET; Block 2121, Lot 38; 450 WEST 164TH STREET; Block 2110, Lot 71; 545 WEST 156 TH STREET; Block 2115, Lot 60; 182 SAINT NICHOLAS AVENUE; Block 1925, Lot 15; 340, 342, 344, 346 EAST 28TH STREET; Block 933, Lot 25; 111, 117 WEST 90TH STREET; Block 933, Lot 25; 114, 120,124 WEST 91ST STREET; Block 1221, Lot 7; 133 WEST 90TH STREET; Block 1221, Lot 7; 136 WEST 91ST STREET; Block 1221, Lot 7; 141 WEST 90TH STREET; Block 1221, Lot 7; MANHATTAN, NY -4- Approx.