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Council hears proposal to sell four vacant lots to CAPC for Block by Block homeownership projects
Summary
City staff and representatives of Community Asset Preservation Corporation (CAPC) presented a proposal to transfer four vacant lots to CAPC under New York State’s Block by Block infill program; CAPC said it plans to build up to six affordable units, potentially using ADUs, with a 30‑year affordability restriction required by subsidy rules.
City economic development staff and representatives of Community Asset Preservation Corporation (CAPC) told the Council on Monday they intend to pursue New York State’s Block by Block infill program to build owner-occupied affordable homes on four vacant lots in the city.
Sarah Glosz, director of economic development, presented a proposed offer from CAPC to purchase 25 Lydia Street, 29 Lydia Street, 60 Dickinson Street and 199 Murray Street for $1 each as part of the Block by Block program administered by New York State Homes and Community Renewal (HCR). She said the city identified clusters of vacant parcels to create…
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