Community land trusts are on the move, claiming an NYPD parking lot for affordable housing in the East Village.
Cooper Square Committee, Housing Works and Spatial Equity will work with This Land is Ours Community Land Trust to build 131 affordable units, plus a senior center and community space on the site of an NYPD lot at 324 East 5th Street. The project, currently estimated at more than $90 million, promises to provide 25 replacement parking spots for NYPD use upon completion.
A minimum of 30 percent of The Aurea’s units will be set aside for seniors who will receive on-site supportive services, and Housing Works will offer additional social services including an adult daycare center open to the community…