BFC Partners, a full-service, real estate development firm that creates community-first, urban development solutions, announces the launch of the housing lottery at 475 Bay Street, a 12-story affordable housing project in Stapleton, Staten Island.

BFC Partners has announced the housing lottery launch for 475 Bay Street, an affordable housing project on Staten Island. The development will offer 270 units, with half designated for formerly unhoused seniors.

BFC Partners has announced the launch of a housing lottery for 475 Bay St. — a 12-story affordable housing project located in Stapleton. The 250,000-square-foot building, also known as “The Pearl,” will bring 270 units to the borough, 50% of which are designated for formerly homeless senior citizens.

In a Staten Island neighborhood gearing up for development, this new 100 percent affordable building is leading the way. The Pearl, located at 475 Bay Street in Stapleton, is a 12-story tower with 270 apartments, about half of which are affordable to households earning at or below 80 percent of the area median income. The project is one of the first developments to be built under the recent Bay Street Corridor rezoning. A housing lottery opened last week for 131 apartments; qualifying New Yorkers can apply for the units, priced between $1,790/month for studios and $2,481/month for three bedrooms.

Queens Congresswoman Grace Meng secured over $13 million in federal funds for Queens projects through a recently passed government spending package.

U.S. Rep. Grace Meng (D-Flushing), New York’s senior member of the House Appropriations Committee, announced on Monday more than $13.1 million in new funding for 15 projects throughout Queens.

A twisting façade made up of geometric windows and sharp angles emerges like a beacon in Bed-Stuy, Brooklyn. Located on the campus of New York City Housing Authority’s (NYCHA) Sumner Houses, a 1958 affordable residential development, the building is a literal bright spot among the unadorned redbrick towers that surround it.

The New York City Housing Authority (NYCHA), the New York City Department of Housing Preservation and Development (HPD), and the New York City Housing Development Corporation (HDC) today celebrated the completion of the $132 million Atrium at Sumner project, a newly constructed, 11-story, senior building on underutilized land at NYCHA’s Sumner Houses campus.

A new building in Brooklyn offers 100% affordable housing for older adults, with dozens of apartments set aside for public housing residents.

On May 23, Brooklyn’s Bedford-Stuyvesant community welcomed a newly constructed affordable housing building for senior residents on the campus of NYCHA’s Sumner Houses.