EAST VILLAGE, Manhattan (PIX11) — Dozens of affordable housing units will be coming to the East Village soon.
An NYPD parking lot, located at 324 East 5th Street, is being converted into a mixed-use development that will include approximately 131 affordable homes, a senior center, community space and parking, Mayor Zohran Madani announced on Monday.
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The development, called The Aurea, will provide affordable homes for low-income families. 30% of the housing units will be set aside for New Yorkers who were formerly homeless.
The building will also feature landscaped terraces, green roofs, and all-electric building systems designed to meet sustainability standards.
“This project will provide permanently affordable housing, create homes for formerly homeless New Yorkers and put community stewardship at its center through a community land trust,” said Mandani.
Affordable housing coming to Manhattan’s East Village (Credit: NYC Mayor’s Office)
City officials conducted extensive public outreach programs before creating the Request for Proposals for the site.
The development of the Aurea is part of the mayor’s initiative, the Block by Block program, which will build 200,000 new affordable homes and preserve another 200,000 over the next decade.
Andrew Cruz is a digital content producer. A native New Yorker, he joined PIX11 in 2009 as a weather producer. More of his work can be found here.
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