RAD/PACT project featuring a resident-focused redevelopment of an affordable housing campus in Lower East Side, Manhattan.
Seward Park Extension
360
2 Residential
MDG is Developer and General Contractor
Pre Development
RDC Development and Essence Development were selected as the Permanent Affordability Commitment Together (PACT) partner team for the redevelopment of Seward Park Extension by residents and the New York City Housing Authority (NYCHA).
In the coming months, the PACT partners will work with NYCHA and residents at each of the three developments to schedule inspections and building studies that will inform the final scope of work for each development. Regular resident meetings will continue concurrently to help finalize investment priorities for the campuses.
The PACT program, NYCHA’s implementation of the U.S. Department of Housing and Urban Development (HUD)’s Rental Assistance Demonstration (RAD) program, maintains residents' rights and preserves affordable rents for all households.
A social services provider will soon be selected, along with programming to best suit the unique needs of residents.
The PACT partner team is dedicated to training and hiring residents and will host employment training opportunities for construction and management positions.
RDC Development, a joint partnership between MDG and Wavecrest Management
Essence Development
New York City Housing Authority (NYCHA)
U.S. Department of Housing and Urban Development (HUD)