NYCHA Real Estate Development

NYCHA Real Estate Development?seeks proposals from real estate firms to provide NYCHA with real estate appraisal services and/or real estate advisory services to assist with a variety of real estate development activities as detailed more fully within a recently released RFP (RFP?#507442). ? We're hosting a proposers' conference on Tuesday 4/1 @ 10am! Please share this opportunity with your networks. ? More information is in the link below.

We are excited to announce that we closed on the financing for the Eastchester Gardens PACT project. With this closing, New York City Housing Authority (NYCHA)'s PACT program has now invested over $7.3 BILLION in our communities - this is a huge milestone for our residents and the city! The $391 million in financing at Eastchester will provide over 1,850 residents with comprehensive renovations. The PACT partner team, comprised of co-developers MDG Design & Construction, Infinite Horizons, LLC (a MBE firm), and Wavecrest Management Team will soon start repairs for 877 apartments across 10 buildings. Residents will also have new on-site property management provided by Wavecrest and enhanced social services provided by BronxWorks. Selected in coordination with resident leadership, the PACT partner team has worked closely with Eastchester Gardens residents and NYCHA to design every aspect of the development's renovation since 2023. You can read the Eastchester Community Plan and more info in the release linked below.

Welcome home to the Rodriguez family and thank you to BFC PARTNERS for your amazing work at West Brighton Houses!

We are thrilled to share that we've closed on the financing for the Manhattanville Houses PACT project! Congratulations to our residents, and PACT partners Gilbane Development Company, Apex Building Group, Inc., & West Harlem Group Assistance, Inc. on reaching this critical milestone. TA President Veronica Nieves worked closely with NYCHA and the partner team to ensure that rehabilitation plans addressed resident priorities. In our announcement she shares, “The PACT partner team has been talking with and listening to residents here for a long time to make sure the project would address their biggest needs and concerns, and now we’re finally here. Manhattanville residents will start to see the improvements and the changes in quality of life that they’ve deserved for many years." Read more in the post linked below:

Celebrating Construction Progress at Reid Park Rock ?? On November 14, New York City Housing Authority (NYCHA)'s #PACT partners—BRP Companies, Fairstead and Urbane—hosted a tour at Rutland Towers to showcase improvements under a $635.6M PACT project in East Brooklyn. ??? Under PACT, nearly 1,700 apartments will be fully rehabilitated for nearly 3,500 NYCHA residents living in the Reid Apartments consolidation, which includes Rutland Towers, and the Park Rock Consolidated bundle. Across the Reid and Park Rock project – consisting of 87 buildings throughout East Brooklyn – apartment kitchens and bathrooms will be fully renovated, buildings will receive facade repairs and new layered access systems, and common areas (including lobbies and outdoor spaces) will be upgraded extensively. Social services for the developments were expanded through a partnership with Black Veterans for Social Justice, which offers case management services to all households, including by supporting access to healthy food, employment opportunities, youth activities, and senior services. Together, we're creating safer, more vibrant communities! ?? https://on.nyc.gov/4fUXbeg #NYCHA #CapitalInvestment

Take a look at the incredible PACT investments at Williamsburg, made possible through our partnerships with residents, the support of the City, and the commitment of our partners like MDG Design & Construction, Wavecrest Management Team and JPMorgan Chase Commercial Banking. Williamsburg demonstrates what is possible when we all work together to provide real solutions for New York City's public housing residents.

I had the pleasure of talking about resident-centered engagement and decision-making in NYCHA Real Estate Development's PACT program at last month's annual American Planning Association NY Metro Chapter conference, alongside resident leader Rosa Pinero, resident advisor Majed Abdulsamad, AICP, and PACT partner Danny Cabrera. Read more about it, below!

Exciting news about the proposed redevelopment of Fulton and Elliott Chelsea Houses, by NYCHA and its partners Essence Development and Related Companies. Read more about the opportunity and how important this project is for the city in Michael Kimmelman's piece in the NYTimes today.

Today we celebrated the completion of the $492 million PACT renovation at Williamsburg with our NYCHA residents, MDG Design & Construction, Wavecrest Management Team, and the greater New York City Housing Authority (NYCHA) community! Through the PACT program, over 1,600 households now have lead-free homes, fully renovated apartments, buildings, beautified walkways, playgrounds, basketball courts, and other community spaces. The historic renovation was the first PACT project in New York City to leverage Historic Tax Credits. As NYCHA Real Estate Development's Jonathan Gouveia said, "The Williamsburg PACT project is a fantastic example of how NYCHA can leverage our partnerships to provide residents beautiful, safe, and affordable homes....This work would not be possible without the continued partnership of our residents, the support of the City, and the commitment of our partners. Williamsburg demonstrates what is possible when we all work together to provide real solutions for New York City's public housing residents." Thank you to our many partners for their continued support of the program New York City Housing Development Corporation, JPMorganChase, U.S. Department of Housing and Urban Development & Regional Administrator Alicka Ampry-Samuel Read more about the renovations in the press release linked below: https://lnkd.in/eZDU8_F4

?? NYCHA & HPD Celebrate Completion of 19 Rehabilitated Homes for First-Time Homebuyers ?? New York City Housing Authority (NYCHA), in partnership with NYC Department of Housing Preservation & Development and Neighborhood Restore HDFC, has completed the rehabilitation of 19 homes across Brooklyn, the Bronx, and Queens. This initiative is providing life-changing opportunities for low- and moderate-income families, including 13 NYCHA residents who now own their first homes. These homes are not just houses—they represent stability, generational wealth, and a renewed sense of community. Congratulations to the new homeowners! ?? Story from The Bronx Daily: https://lnkd.in/dvzP9U7D #AffordableHousing #HomeOwnership #NYCHA