Real Estate Weekly
Image default
Construction & Design

$560M Queens public housing transformation complete

The redevelopment was NYCHA’s first and the country’s largest single-site conversion under HUD’s Rental Assistance Demonstration.

A ribbon cutting was held to celebrate the completion of the rehabilitation of Ocean Bay Apartments, a 24-building, 1,395-unit public housing complex in Far Rockaway, Queens.

The $560 million redevelopment was NYCHA’s first and the country’s largest single-site conversion under HUD’s Rental Assistance Demonstration.

The ribbon cutting ceremony took place before a kickoff to summer event for residents, including family-friendly activities and inspirational speakers.

New York State Homes and Community Renewal, the US Department of Housing and Urban Development, New York City Housing Authority, RDC Development (a joint venture between MDG Design + Construction and Wavecrest Management) and partners attended the event.

First built in the early 1960s, Ocean Bay suffered from significant federal divestment, followed by the extensive damages incurred by Hurricane Sandy in 2012.

Home to nearly 4,000 residents, the property was in desperate need of repair, from in-unit renovations to the major rehabilitation of building infrastructure.

Completed in just two years, the redevelopment features entirely renovated kitchens – new flooring, appliances, sinks, cabinetry, LED lighting, and smoke detectors; entirely renovated bathrooms – new flooring, sinks, toilets, fixtures, cabinetry, LED lighting, and ventilation; and apartment-wide upgrades including new windows, flooring, and fresh paint. Through a phased restoration process, all tenants were able to remain living in their homes throughout the renovations.

HCR Commissioner RuthAnne Visnauskas said, “Under Governor Cuomo’s leadership, HCR empowers Public Housing Authorities to access capital dollars that make it possible to reinvent and preserve public housing statewide.

With our investment in Ocean Bay Apartments, we are ensuring that the development remains affordable, safe, and protected against future storms, while also improving the quality of life for nearly 4,000 residents. Congratulations to our many partners on this project.”

In addition to in-unit renovations, the project included roof replacements, the complete upgrade of elevator machinery and equipment, improved public hallways, and the installation of new boilers and heating systems.

With the goal of enhancing resident safety, the restoration included updated security cameras, improved interior and exterior lighting, and a new key fob entry system.

To ensure protection against future weather catastrophes, Ocean Bay received the third-largest solar panel installation at an affordable housing development in New York, a secure flood wall around the entire 33-acre site, water retention swales, stand-alone electric service buildings built above the flood zone, and the conversion of one central boiler steam system to 24 individual hydronic boilers on the roof of each building.

With the help of Catholic Charities Brooklyn and Queens, a core feature of the project involves the development and implementation of a social services program designed to empower residents.

The project also features two brand-new basketball courts, as well as the creation of Renewal Gardens @ Ocean Bay, which consists of 50 family plots within 2,400 square feet of community gardening space, providing residents with resources to learn about gardening and access fresh and healthy produce.

The $470 million in federal, state, city, and private investment consisted of more than $83 million in tax-exempt bonds and Low-Income Housing Tax Credits from NYS Homes and Community Renewal, and $1.1 million secured via the Investment Tax Credit generated from solar, and over $121 million in FEMA funds for resiliency measures related to the buildings.

Under RAD, Ocean Bay units moved to a Section 8 platform with a long-term contract ensuring that the units remain permanently affordable to low-income households, restricting rent to no more than 30 percent of resident income.

Related posts

CORE Real Estate and New Empire Corp Announce Groundbreaking and Commencement of Construction at 429 Second Avenue


Crow Holdings Breaks Ground for New Logistics Development on Site of Former Marcal Paper Factory


Bristol Group Nearing Completion of Modern New Warehouse Facility in Central Long Island