The newly-constructed eight-story development includes a mix of 67 affordable studios and one-bedroom apartments, along with an onsite preschool administered by the New York City School Construction Authority that currently serves nearly 60 children.
The $36-million residence is one of the largest low-income senior housing developments in the nation to meet Passive Housing Institute Design Standards, which cut energy consumption by up to 90%. It was developed out of the Willets Point Community Benefits Agreement.
“Chase is committed to supporting vibrant and diverse communities through affordable housing, including in Queens where access for low-income seniors is vital to sustaining an inclusive community,” said Dave Walsh, Northeast regional manager for community development banking, Chase.
The Connect Apartments Conference will take place June 20, 2019 in Los Angeles. For more information, or to register, click here.
CLICK HERE FOR THE ORIGINAL ARTICLE
