Are dreams of homeownership in reach for those seeking affordable housing? The announcement of the affordable housing lottery opening for units at Beach Green Dunes III in the Far Rockaway community of Edgemere marks a significant step towards realizing this ambition.
The collaborative efforts of L+M Development Partners, Triangle Equities, and The Bluestone Organization have brought this much-needed project to fruition. A joint development team, the partnership secured a $95.7 million loan for an affordable housing project slated for 331 Beach 35th Street in Far Rockaway. This news, dated January 18, 2023, signals a commitment to addressing the housing needs of the community.
Beach Green Dunes III promises to be a comprehensive development. It will include 146 affordable units, offering a mix of living spaces designed to cater to various needs. Beyond residential units, the project incorporates commercial and retail spaces, a community facility, and a new transit plaza. This multi-faceted approach aims to foster a vibrant and self-sustaining community within Far Rockaway.
The project is not only about providing housing; it is about creating a space where residents can live, work, and thrive. The integration of commercial and retail spaces ensures that essential services and amenities are readily accessible, enhancing the quality of life for residents. The community facility further emphasizes the project's commitment to community building, providing spaces for gatherings, programs, and resources.
| Project Information: Beach Green Dunes III | |
|---|---|
| Project Name | Beach Green Dunes III |
| Address | 331 Beach 35th Street, Far Rockaway, Queens, NY (Community Board 14) |
| Number of Units | 146 Affordable Units |
| Developers | L+M Development Partners, Triangle Equities, The Bluestone Organization |
| Features | Commercial and Retail Space, Community Facility, New Transit Plaza |
| Rent Stabilization | All units are subject to rent stabilization. |
| Application Deadline | December 16, 2024 (via Housing Connect) |
| Loan Amount | $95.7 million |
| Website Reference | NYC Housing Preservation & Development |
For those interested in applying, applications are currently being accepted on Housing Connect. The deadline for applications is December 16, 2024. This offers a window of opportunity for individuals and families seeking affordable housing in this dynamic community.
The projects location in the Far Rockaway section of Queens, NY (Community Board 14) places it in a neighborhood with its own unique history and character. This community has seen transformation over the years, and Beach Green Dunes III represents a new chapter of growth and development.
The concept of rent stabilization is crucial in the context of affordable housing. The fact that all units in Beach Green Dunes III will be subject to rent stabilization means that rents will be regulated, ensuring that they remain affordable for residents over time. This helps to safeguard against sudden increases in housing costs, providing a stable and secure living environment.
In contrast to the forward-looking development of Beach Green Dunes III, the historical context of the area offers a glimpse into the past. The year 1969 marked a significant event, as 35th Street was devastated by a fire. The community's resilience, however, shone through, as families worked tirelessly to rebuild and support each other. The summers were particularly significant, with the entire family contributing, including many boys from Arverne and Edgemere. This shared experience of community and hard work shaped the character of the area.
The passing of Naomi, remembered from June 19th, 2003, highlights the enduring impact of family bonds and the memories that bind generations. The story emphasizes the connections that strengthen communities. The narrative underscores the importance of family and the contributions made by community members.
Beyond the immediate vicinity of the project, other real estate properties also offer a glimpse into the broader market. For instance, 11 E 35th St, Brant Beach, NJ, is a single-family home, illustrating the wider property market beyond the confines of affordable housing development. Its description mentions features like 5 bedrooms and 5 bathrooms, while its recent sale in April 2024 provides a reference point for property values.
The mention of "zestimate" offers insight into property valuation trends. In this specific case, the zestimate for the single-family home on 11 E 35th St is $2,569,300. This figure has decreased by $24,400 in the last 30 days, implying a slight softening of the market. The rent zestimate for the same property is $5,030/mo, showing a recent increase.
Beach Green Dunes III, with its 146 affordable units, also includes commercial and retail spaces, a community facility, and a new transit plaza at 331 Beach 35th Street. This comprehensive approach aims to create a complete living environment for its residents.
The area surrounding the project has a vibrant local flavor, with eateries, coffee shops, and grocery stores all within easy walking distance. This provides convenience and enhances the communitys appeal. The presence of shopping and nightlife further adds to the quality of life, catering to a variety of interests and preferences.
The iconic Newport Pier and the posh Lido Marina are also nearby, adding recreational and leisure opportunities for residents. Such amenities are attractive to both new and long-time residents. These aspects collectively build an appealing environment, making the community an attractive place to live.
For those seeking part-time opportunities, the Long Beach, NY area offers options for part-time principals, indicative of educational infrastructure in the region. Furthermore, the address 401 35th St in Virginia Beach, VA, points to another community with its unique identity and activities.
The availability of multiple parking lots on 35th Street indicates that the community is equipped to handle visitors and events. This is a practical consideration that enhances accessibility and convenience for residents and visitors alike. Such features often contribute to the overall livability of a neighborhood.
The history of Edgemere, which derives its name from its location "at the sea's edge," provides a glimpse into the area's past as a seaside resort destination. Although areas like Far Rockaway held more of the summer vacationing spots, Edgemere still held an important role. The construction of the majestic Hotel Lorraine at Beach 36th Street and Sprayview Avenue in 1908, complete with features like telephones in every room, a dance band, and golf, signified its status. The hotels popularity in the early 20th century speaks to the area's appeal.
In terms of affordable housing, nine of the 33 units designated for individuals earning 40% of the annual income will be studios, with a monthly rent of $777. These details give insight into the financial accessibility of the housing units. Affordable options like this play an essential role in a communitys stability, especially for people with limited financial resources.
For those eager to learn more about the housing options available at 331 Beach 35th Street, there is encouragement to enter information and get additional details. This open invitation promotes engagement and facilitates the exchange of information. The process helps those looking to secure housing in the area.
For organizations involved in similar projects, there is a provision to claim their roles on BLDUP projects. This aims to get recognition for their contributions, building project profiles and encouraging public acknowledgement of the work. Such visibility provides exposure to developers, architects, and other industry professionals.
The search results not found prompts the need to refine search terms to get relevant information. It highlights the importance of effective search strategies and shows the constant need for the precision of information retrieval. This helps to maintain the informations relevance and accuracy.
The overall impact of Beach Green Dunes III goes beyond simply providing housing units. It stands as a symbol of progress and community investment. The construction of the project is set to bring a more modern touch to the area, providing the potential for economic growth and increased opportunities. For many, it will be a safe, affordable place to call home, offering a better quality of life in the heart of Far Rockaway.
