El Barrio Artspace - P.S. 109 PROJECT (12/23/2009)

El Barrio Artspace - P.S. 109 PROJECT
(HOUSING FOR ARTIST LIVE / WORK SPACE)

East Harlem has a history of talent and cultural nurturing of its music, art and dance. However, the support for affordable housing for artist is lacking throughout New York City and lacking the focus and attention that it deserves.   EBOF is committed to the challenge to provide affordable housing for artist housing in East Harlem. This project will provide the means for artist to live and work in a space that is affordable and at a location that will allow the space needed to practice, develop and nurture their talents. 

Develop 74 units of affordable live/work space for artist under a historic rehab and conversion of public school PS109, located at 215 E. 99th Street.
 
At 40% to 50% AMI               At 50% to 60% AMI 
   11   Studio                             18   Studio
     1   1 Bedroom                     22   1 Bedroom                   
     1   2 Bedroom                     13   2 Bedroom
     1   3 Bedroom                      7   3 Bedroom
    Total Units:     14                Total Units: 60
                                          
Grand Total Units: 74
 
Measures of project completion and property management:

PS 109 El Barrio Artspace Project Baseline Project Completion (%) Occupancy Property Management
 
Financing
Construction
Marketing
Closing
Leasing
2009
86%
0%
0%
0%
0%
2010  '11 '12
100%    
75% 100%  
100% 40%  
0% 100%  
0% 75% 100%
  2010  '11  '12  '13
 Tenant Pop.  0% 55%  100%  
Cultural Rm 100%      
<50%AMI 50%      
50%<60%AMI 35% 100%    
Cultural Svcs  75% 100%    

TIL PILOT PROGRAM (12/23/2009)
TIL PILOT PROGRAM East Harlem, for the most part, is a rental housing community; over the past decade various Home Ownership programs, have made affordable homeownership a possibility and a reality for some residents.  EBOF has taken a  role in the development and sale in some  of th ...More

El Barrio Artspace - P.S. 109 PROJECT (12/23/2009)
El Barrio Artspace - P.S. 109 PROJECT (HOUSING FOR ARTIST LIVE / WORK SPACE) East Harlem has a history of talent and cultural nurturing of its music, art and dance. However, the support for affordable housing for artist is lacking throughout New York City and lacking the focus and attention th ...More

EAST 125th STREET PROJECT (12/23/2009)
EAST 125TH STREET PROJECT (MEDIA / ENTERTAINMENT / CULTURAL CENTER)  To participate in the development of affordable housing and cultural center at the East 125th St. project.   The affordable housing aspect of the project involves a Phase I construction of a 49-unit low-income apartm ...More

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