The Metro North Court Apartments located at Block 1672, Lot 1 in Manhattan are undergoing a zoning modification to extend an existing partial 40-year Article V exemption for an additional 40 years. This extension is aimed at preserving affordable housing for low-income families. The building, which consists of 91 units, will allocate 30% of its apartments for homeless tenants in alignment with the HPD Multifamily program. Additionally, it will undergo critical capital repairs, improvements under the HPD Aging-in-Place initiative, and provide free in-unit Wi-Fi to all residents. This decision also includes changes to the tax payment structure to comply with updated guidelines.
This extension is crucial for maintaining affordable housing in East Harlem, Manhattan. It ensures long-term housing stability for low-income and homeless residents while aligning with city goals for housing preservation and improvement.