HPD Commissioner Wambua Announces Preference For Displaced Sandy Victims At Coney Island Commons, A New Affordable Housing Development

Brooklyn, N.Y. – February 20, 2013 – (RealEstateRama) — New York City Department of Housing Preservation and Development (HPD) Commissioner Mathew M. Wambua today announced that the agency has instituted a 25 percent preference for units in City-subsidized affordable housing developments for income-eligible New Yorkers displaced from their homes by Hurricane Sandy. One of the first developments to be subject to the preference is Coney Island Commons, a new affordable housing development now being marketed in Coney Island, Brooklyn. All units are subject to a lottery managed by the developer and overseen by HPD and the City’s Housing Development Corporation (HDC).