HDC 2024 Closings | The Barnett

From Our President

Resident Voices

The Barnett

New Construction

Sunnyside

50-25 Barnett Avenue

183

homes

Program

ELLA

HDC’s New Construction term sheet facilitates the development of affordable housing, primarily for households earning up to 80% of New York City’s AMI. Within New Construction, the ELLA (Extremely Low & Low-Income Affordabilty) program ensures that 70-100% of the units financed are deeply affordable, made possible through the LIHTC program. Financing employs tax-exempt bonds, 4% tax credits, and Corporate reserves, with all projects subject to rent-restricting regulatory agreements.

The Barnett Image

The Barnett Image

The Barnett Image

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Images: MHG Architects

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