Hope Community continues the ongoing construction on four scattered site, affordable income residential buildings: Calvert Apartments. Calvert Apartments includes the development of 23 residential units for households earning less than 60% of area median income. Targeted toward families, the majority of the residences have two and three bedrooms. All four buildings comprising Calvert Apartments will be LEED Silver certified upon completion and are designed to fit into the fabric of our East Harlem neighborhood. The groundbreaking ceremony for Calvert Lancaster, Calvert Madison and Calvert Apartments was held in December 2009.
The Muscoota project is Hope Community’s oldest development and forms a small, but important part of East Harlem’s history and renaissance. For the 63 households that make up the Muscoota project, no governmental financing -- with the exception of a few Section 8 -- has been used in the development or operation of the buildings for the past 40 years. As a result, the five buildings are now in great need of renovation and major repair. Today, 44% of the residents of the project earn less than 60% of area median income (AMI). Another 19% earn between 60% and 80% of AMI. Hope Community commits to keep the project as affordable income in perpetuity.
After almost 40 years, the Muscoota project will begin renovations -– including new kitchens and bathrooms -- in the summer of 2010. The Muscoota project is expected to be completed in the summer of 2011.