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ULI SPRING MEETING ULI SPRING MEETING
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New York Hilton Midtown, New York, NY, United States April 9-11, 2024

Housing – Affordable and Workforce

Mission Priority
Tue Apr 09 8:00 AM — 12:00 PM (GMT-05:00) Eastern Time

The Revitalization of the South Bronx

Experience the revitalization of the South Bronx through affordable housing mechanisms and affordable housing at scale in the Mott Haven district with developer L&M.

East 162nd Street Court provides 126 mixed-income rental apartments in a new 12-story building. Thirty-seven units are reserved for formerly homeless families in need of supportive services. L+M and B&B Supportive collaborated with Palladia and Services for the Underserved to provide family supportive services pursuant to a contract with the NYC Department of Health and Mental Hygiene. Services include case management for mental health and substance abuse problems as well as educational and workforce services. The new building includes a separate office space devoted to the provision of these services, a community room, and laundry facilities. The remaining units in the building are reserved for families that earn 60 percent and 80 percent of area median income.

 

Bronx Point represents a transformative mixed-use development of approximately 530,000-square-feet that will bring affordable housing, educational community facilities, dynamic retail uses, and engaging new open space along the Harlem River waterfront in the South Bronx. It includes 542 units of permanently affordable housing, educational spaces for youth operated by Bronx Works and Billion Oyster Project, and retail opportunities. The Universal Hip Hop Museum will be a new cultural destination that celebrates the global hip hop culture.


Tue Apr 09 2:30 PM — 3:30 PM (GMT-05:00) Eastern Time New York Hilton Midtown - Level 2, Gramercy Suite

NYC 2100: Resiliency, Housing, and Equity for the Metropolitan Region with Six Feet of Sea-Level Rise

The New York metropolitan area has 20 million residents and within the next century could see six feet of sea-level rise due to climate change. The city itself has 500 miles of coastline and faces significant challenges for long-term coastal protections, including for vulnerable and marginalized populations. While new housing opportunities are needed to create equitable, resilient development in sustainable mixed-use neighborhoods proximate to mass transit, the region also has an existing housing affordability problem that will be further stressed by climate migration and population growth over time. This panel focuses on analysis, policy response, and insight into the various challenges and opportunities for evolving the metropolitan area for future housing demand. Expertise in climate modeling, public policy, urban design, and long-term planning will be needed to create more equitable and resilient neighborhoods. Panelists will discuss how climate change will dramatically impact urban design and land use and will identify key policy considerations coupled with tactical solutions for metropolitan areas to promote future-proof planning, climate justice, and resilient design.
Tue Apr 09 2:30 PM — 3:30 PM (GMT-05:00) Eastern Time New York Hilton Midtown - Level 3, Trianon Ballroom

ULI Home Attainability Index: Putting the Numbers into Practice

This session will present the findings from ULI Terwilliger Center's 2024 Home Attainability Index. The Index is a data-rich resource for understanding the extent to which a housing market is providing a range of choices attainable to the regional workforce. The data can help identify gaps in home attainability and provide better context to understand residential markets; provide context by connecting housing costs to the wages earned by people with specific occupations in a region; and enable national and regional comparisons to inform housing production, policy, and financing decisions. The session will begin with Adam Ducker, CEO of RCLCO, presenting the national findings before drilling down to the local findings for each panelist. Ducker will then have panelists answer how they are addressing the particular housing needs in their market. Through this session, attendees will learn how the data can help decision-making for local economies: e.g., what type of housing is needed, and at what price point; who exactly is priced out; and how it is affecting the ability for employers to attract and retain workers.
Thu Apr 11 8:00 AM — 1:00 PM (GMT-05:00) Eastern Time

Resilience in Rockaway

Visit groundbreaking resilience-focused projects in Rockaway, Queens. The Arverne East project is a master-planned development transforming a 116-acre oceanfront site, composed of a 35-acre publicly accessible nature preserve, mixed-income housing of various tenure, diverse neighborhood retail, parking, and infrastructure. This project also includes a boutique hotel, recreation spaces, an urban farm, and both short- and long-term uses to encourage economic development, cultural programs, and community health and wellness. Arverne East will also include a district geothermal ambient loop, which will tie into individual building systems for increased efficiency and reduced consumption in heating, cooling, and domestic hot water.

Beach Green Dunes II is a model for resilient, green, affordable housing development, delivering 127 affordable homes to one of the city’s most vulnerable neighborhoods. Like Arvene East, this building’s design and construction uses Passive House principles, a cutting-edge sustainable building method, to increase the building’s energy efficiency. Beach Green Dunes II is a perfect example for how cities and developers can build cutting-edge sustainable design to deliver affordable housing in communities grappling with severe storms, tidal flooding, and rising sea levels.

 

Beach Green Dunes III is currently vacant land owned by the city of New York and is being developed by L+M Development Partners in conjunction with Triangle Equities and The Bluestone Organization. This project will contain residential space, commercial/retail space, and community facility space, as well as an open space transit plaza. Beach Green Dunes III will also be a Passive House–certified building and participate in the city’s Housing Development Corporation’s and Department of Housing Preservation & Development’s Extremely Low and Low Income (ELLA) housing program.


Thu Apr 11 2:30 PM — 3:30 PM (GMT-05:00) Eastern Time New York Hilton Midtown - Level 2, Gramercy Suite

Developing “Missing Middle” Housing: Opportunities, Challenges, and Creative Financing Tools

This session will cover the opportunities and challenges in developing mixed- or middle-income, infill multifamily development—often referred to as "missing middle" housing. Using real development case studies presented by three developers, the panel will cover both rental multifamily and homeownership development models. The case studies will show how we can deliver housing more affordably than typical market-rate development and more efficiently than typical affordable housing development, using creative financing tools that blend private impact equity with strategic public financing sources.

Three days of inspiration, thought leadership, and connection

New York Hilton Midtown
New York, NY, United States

April 9-11, 2024

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Where ULI members come together to shape the built environment.