North Shore, Staten Island
78 Two-Family Homes
Our Role:
Not-for-Profit Sponsor
Subsidy Assistance
Developer: Community Development, Inc.
Nicholas Avenue Estates will be constructed on 10 acres of vacant land located on the northeast corner of Nicholas Avenue and Richmond Terrace on the North Shore community of Staten Island, NY. Nicholas Avenue Estates in Port Richmond, Staten Island, is being developed by Community Development Inc. It will comprise a 78-unit project of two-family homes. The Housing Partnership secured a subsidy from the NYS Affordable Housing Corporation that will provide individual buyers with “principal reduction” grants, depending on the household incomes, and will be for purchasers earning between 75% and 100% of Area Median Income.
