The New York City Council on April 10, 2025 approved Resolution 845 authorizing the disposition of city-owned property located at 15 Stratford Road in Brooklyn (Block 5072, Lot 58) to the Department of Housing Preservation and Development for future affordable housing development by an HDFC sponsor. Under the approved plan, HPD is empowered to negotiate and execute a sale agreement for the surplus lot and apply restrictive covenants to ensure long-term affordability. The disposition will transfer fee interest in the land to a selected non-profit developer under an RFP process, with detailed requirements for unit mix, income targeting, and design review. The property is currently zoned R6A and can support mid-rise residential development under City of Yes provisions, subject to a 1.5 FAR and an affordable housing covenant. HPD will oversee all land use approvals and ensure compliance with MIH option 2 affordability levels. The transaction will include standard closing conditions, environmental remediation if necessary, and a conveyance under Section 197-c of the City Charter. Why it Matters: Redevelopment of this surplus City lot will advance the Council’s affordable housing goals by enabling a new HDFC-sponsored project, creating permanently restricted units in a high-need community district and demonstrating public land recycling to leverage private financing. Google Maps: https://www.google.com/maps/place/15+Stratford+Rd,+Brooklyn,+NY+11207 Link:https://legistar.council.nyc.gov/LegislationDetail.aspx?ID=7397665&GUID=FEA491C1-68C9-48D9-BF6C-C1A39E366944&Options=&Search=