{"id":85382,"date":"2025-12-31T10:52:06","date_gmt":"2025-12-31T10:52:06","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/85382\/"},"modified":"2025-12-31T10:52:06","modified_gmt":"2025-12-31T10:52:06","slug":"pair-of-staten-island-developments-included-in-2b-state-affordable-housing-investment","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/85382\/","title":{"rendered":"Pair of Staten Island developments included in $2B state affordable housing investment"},"content":{"rendered":"<p class=\"article__paragraph article__paragraph--left\" id=\"OYPC5Q5PG5DBFBICJAW6AVPGLM\">STATEN ISLAND, N.Y. \u2014 A pair of Staten Island affordable housing developments will receive millions in state funds to help preserve nearly 1,200 homes.<\/p>\n<p class=\"article__paragraph article__paragraph--left\" id=\"5776W2D3UBEG3L5M6D4X7VQ2M4\">The Park Hill development\u2019s 1,100 units in Clifton will receive $50 million and the 80 units at Sea View\u2019s St. Elizabeth Manor will receive an $11 million investment as part of Gov. Kathy Hochul\u2019s $2 billion in housing bonds and subsidies.<\/p>\n<p class=\"article__paragraph article__paragraph--left\" id=\"EDG5IEGHTNAZFLJTCOU3RB6PV4\">\u201cThese investments reflect my commitment to creating quality, modern homes that enrich communities and are making New York more affordable for a wide array of households, including families and seniors,\u201d Hochul said. \u201cBy coupling State financing tools with private resources, we are generating more than $3 billion in overall investment that will improve neighborhoods, reduce energy costs and provide thousands of affordable housing options across every region of the State.\u201d<\/p>\n<p class=\"article__paragraph article__paragraph--left\" id=\"LTZTWU4KIJBOHJKY4SCVNBK2AY\">Rep. Nicole Malliotakis, a Republican representing Staten Island and South Brooklyn; State Sen. Jessica Scarcella-Spanton, a Democrat representing the North Shore and part of South Brooklyn; and Councilmember Kammillah Hanks, a Democrat representing the North Shore, <a href=\"https:\/\/www.silive.com\/news\/2025\/12\/massive-rehabilitation-project-new-owners-coming-to-much-maligned-park-hill-apartments.html\" target=\"_blank\" rel=\"nofollow noopener\" title=\"https:\/\/www.silive.com\/news\/2025\/12\/massive-rehabilitation-project-new-owners-coming-to-much-maligned-park-hill-apartments.html\">announced the state Park Hill funds last week<\/a> as part of a larger $165 million government investment that promises a transformation at the long-troubled development.<\/p>\n<p class=\"article__paragraph article__paragraph--left\" id=\"OLURS2F7OJGEZLK2YPNUJD7A2E\">Part of the deal includes a new ownership group comprised of ArkerCompanies, LIHC Investment Fund, and L+M Development Partners who will be responsible for rehabilitating the development for people at 80% of the area median income. <\/p>\n<p class=\"article__paragraph article__paragraph--left\" id=\"XJLVCF6WFFDNZL5W6GZGYKTBTQ\">The funds for St. Elizabeth Manor will be provided to the Sisters of Charity Housing Development Corporation, which operates the site for seniors up to 30% of the area median income. <\/p>\n","protected":false},"excerpt":{"rendered":"STATEN ISLAND, N.Y. \u2014 A pair of Staten Island affordable housing developments will receive millions in state funds&hellip;\n","protected":false},"author":2,"featured_media":13448,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39],"tags":[9,24,63,134,136,135],"class_list":{"0":"post-85382","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-staten-island","8":"tag-new-york","9":"tag-new-york-city","10":"tag-nyc","11":"tag-staten-island","12":"tag-staten-island-headlines","13":"tag-staten-island-news"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/85382","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=85382"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/85382\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/13448"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=85382"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=85382"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=85382"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}