The New York City Department of Housing Preservation and Development (HPD), along with partners like the New York City Housing Development Corporation (HDC), Slate Property Group, and RiseBoro Community Partnership, is working on a groundbreaking project that will transform the JFK Hilton Hotel into a 318-unit affordable housing complex. This visionary project aims to address the city’s pressing need for affordable housing, especially in the face of rising living costs.
Amidst the challenges of skyrocketing rents and limited housing options, the JFK Hilton’s conversion into an affordable housing complex represents a glimmer of hope on the city’s skyline. In a city notorious for its high cost of living, this project stands as a beacon of possibility and a testament to the city’s resilience.
The conversion of the JFK Hilton Hotel into affordable housing is groundbreaking. It represents a radical departure from conventional real estate practices, reimagining existing spaces to address affordable housing needs. The Baisley Pond Park Residences hold the promise of becoming a beacon of stability for its future residents. With the accelerated 21-month construction timeline, low-income and formerly homeless New Yorkers will have access to safe and affordable homes sooner.
This monumental project is the result of a collective effort, with public officials, agencies, and private entities coming together to create innovative solutions to complex problems. Through this project, New York City is setting a new standard for affordable housing development.
The Baisley Pond Park Residences’ mission is to provide quality, affordable housing to low-income and formerly homeless New Yorkers. Rents for the units have been set at a range that is meticulously planned to make these housing options accessible without compromising on quality. This affordability model aims to promote long-term stability and economic empowerment for residents.
Helping to address the need for affordable housing, individuals can take steps to stay informed, volunteer, advocate for change, support nonprofits, collaborate, educate themselves, and participate in community initiatives. By engaging in these practical tips, individuals and communities can help to make affordable housing a reality for those in need.
