{"id":159837,"date":"2025-10-13T20:04:45","date_gmt":"2025-10-13T20:04:45","guid":{"rendered":"https:\/\/www.aufgang.com\/?p=159837"},"modified":"2025-12-14T20:11:57","modified_gmt":"2025-12-14T20:11:57","slug":"nyc-housing-partnership-innovation-award","status":"publish","type":"post","link":"https:\/\/www.aufgang.com\/es\/nyc-housing-partnership-innovation-award\/","title":{"rendered":"Manhattan Development to Receive NYC Housing Partnership Innovation Award"},"content":{"rendered":"
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Manhattan Development to Receive NYC Housing Partnership Innovation Award<\/span><\/h1>

By Donna Kimura<\/p>\n<\/div>

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A 611-unit housing development in the Inwood section of Upper Manhattan will receive the 2025 Innovation Award from the NYC Housing Partnership.<\/p>\n

North Cove Apartments is a mixed-use property on the Harlem River waterfront that enhances the existing natural ecosystem of the property, according to officials.<\/p>\n

The award will be presented to developers Maddd Equities<\/b> and Joy Construction<\/b> at the Housing Partnership\u2019s<\/b> 42nd anniversary gala luncheon Oct. 22.<\/p>\n

\u201cThe project site was rezoned as part of the Inwood Rezoning Plan. North Cove is an excellent example of creating new affordable housing and revitalizing neighborhoods through a collaborative partnership among the private sector, nonprofit organizations such as the Housing Partnership, and public agencies,\u201d said Jamie A. Smarr, president and CEO of the Housing Partnership.<\/p>\n

North Cove\u2019s units are income restricted for households earning between 27% and 100% of the area median income. Fifteen percent of the units are set aside for formerly homeless households; on-site support services will be provided.<\/p>\n

Designed by Aufgang Architects<\/b>, the 544,000-square-foot building features 61,000 square feet of retail space on the first two floors, including a Food Bazaar supermarket, and 120 parking spaces.<\/p>\n

With a total development cost of about $410 million, North Cove was financed by Wells Fargo Community Lending and Investment, New York City Housing Development Corp., and New York City Housing Preservation and Development. Low-income housing tax credits and state Brownfield Redevelopment Tax Credits were used.<\/p>\n

A public waterfront park is also being developed adjacent to the site on land provided by the city to further enhance the community\u2019s appeal.<\/p>\n

The Housing Partnership is a nonprofit that serves as an intermediary among public agencies, developers, financial institutions, and residents to increase opportunities for quality affordable housing to low- and moderate-income households in New York City.<\/p>\n

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Link to Orignal Article:
\n<\/strong>Manhattan Development to Receive NYC Housing Partnership Innovation Award<\/a><\/p>\n<\/div>

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