Violations & compliance · Permits & development · Deals & development · 11/09/2026
HPD Hearing Set on Spring Creek Phase 5 B Property Disposition
HPD will hold a public hearing on the proposed disposition of city property tied to Spring Creek Phase 5 B. The hearing is on 12/09/2026 at 10:00 a.m. by conference call, and anyone who wishes to speak will get a chance. The notice in The City Record does not give further project details.
CPublished by The City RecordRead the original ↗
What happened
HPD has proposed selling three City-owned lots in Brooklyn to a nonprofit sponsor that would build affordable rental housing. The project is called Spring Creek Phase 5 B. The City Record published the hearing notice on 11/09/2026.
The lots are 435 Locke Street (Block 4445, Lot 50), 1050 Ashford Street (Block 4446, Lot 1) and 1 Gateway Drive (Block 4445, Lot 1). The buyer would be Nehemiah Spring Creek 5B Housing Development Fund Corporation. It would pay one dollar per tax lot. It would also give the City an enforcement note and mortgage for the rest of the appraised value, called the Land Debt. The sponsor plans three buildings with up to 200 rental apartments, including one superintendent unit.
The project falls under HPD's New Construction Finance Program. Under that program, at least 60% of units are affordable to households earning up to 80% of Area Median Income (AMI). Up to 40% are affordable to households earning up to 120% of AMI. At least 15% are set aside for formerly homeless households. The Land Debt or the City's capital subsidy may be repayable out of resale or refinancing profits for at least 30 years after construction is finished. Any remaining balance may be forgiven at the end of that term.
A public hearing on the sale will be held by conference call on 12/09/2026 at 10:00 a.m. Call 1-646-992-2010 and use access code 717 876 299. The appraisal, the proposed Land Disposition Agreement and the Project Summary can be requested by emailing Margaret Carey at [email protected] on business days during business hours.
Key facts
- Addresses
- 435 Locke Street (4445/50), 1050 Ashford Street (4446/1), 1 Gateway Drive (4445/1), Brooklyn
- Units
- Up to 200 rental units in three buildings, including one superintendent unit
- Income limits
- At least 60% of units up to 80% of AMI; up to 40% of units up to 120% of AMI
- Homeless set-aside
- At least 15% of units for formerly homeless households
- Developer
- Nehemiah Spring Creek 5B Housing Development Fund Corporation
- Sale price
- One dollar per tax lot, plus a note and mortgage for the rest of the appraised value
- Agency
- HPD, under its New Construction Finance Program
- Hearing
- 12/09/2026 at 10:00 a.m. by phone: 1-646-992-2010, access code 717 876 299
What it means
Tenants and voucher holders
This is an early approval step, not an application period. No lottery dates or rents have been announced. The planned income levels run up to 80% and 120% of AMI.
Caseworkers
At least 15% of the planned units are set aside for formerly homeless households. Clients cannot apply yet. Anyone who wants to comment can join the 12/09/2026 call. Accommodation requests go to MOCS at [email protected] or (212) 298-0734 at least three business days before the hearing.
Landlords
Nearby owners can review the appraisal and deal documents by emailing HPD. They can also speak at the public hearing on 12/09/2026.
The highlights
- The hearing is on 12/09/2026 at 10:00 a.m., or as soon after as it is reached.
- It will be held by conference call at 1-646-992-2010, access code 717 876 299.
- HPD cites General Municipal Law Section 695(2)(b) and Charter Section 1802(6)(j).
Why it matters
City property disposals by HPD often lead to new housing, so local landlords and residents may want to weigh in on the plan.
What to do: Call 1-646-992-2010, code 717 876 299, on 12/09/2026 at 10:00 a.m. to be heard.
Not known yet
- Exact rents and the unit mix by bedroom size
- When construction would start and finish
- When and how the housing lottery would open
- The appraised value of the land and the size of the Land Debt
Background
When HPD sells City-owned land for affordable housing, state and City law generally require a public hearing before the sale is approved. Once a building is close to finished, affordable units in HPD-financed projects are usually offered through a lottery on NYC Housing Connect. Applicants must meet income and household-size rules. Units set aside for formerly homeless households are typically filled through referrals from City agencies rather than the open lottery.
Summary written by Bulwark from the The City Record’s announcement; the original article was not fully available, so check the source for details. The original story is at a856-cityrecord.nyc.gov. This is general information, not legal advice.
Related
Follow Bulwark on WhatsApp
Deadline countdowns, rule changes, voucher rents and breaking NYC housing news in your WhatsApp Updates. Free.
Send the message that opens, then save our number. WhatsApp only shows updates from saved contacts.
Brooklyn, NY
Does this touch your building?
Run a free violation report on any NYC address: HPD, DOB and OATH records, balances and hearing dates.
Photo: Andre Carrotflower, CC BY-SA 4.0