CYPRESS HILLS LDC | HOMEOWNERSHIP OPPORTUNITIES

Welcome to Cypress Hills Local Development Corporation's (CHLDC) properties for sale site. We build and rehabilitate houses and condominiums through a wide variety of government subsidy programs in order to offer affordable, beautiful, safe, and healthy (green!) homes for sale in the Cypress Hills and East New York neighborhoods of Brooklyn, New York. Eligibility requirements�usually based on income, savings, household size and first time homeownership status�vary from project to project. Please click on the links to the right for more detailed information about individual homes, eligibility requirements, and application deadlines.

FIRST TIME HOMEBUYER? FIND OUT HOW YOU CAN BUY! CHLDC offers HUD-approved, first time home buyer seminars and individual home ownership counseling services. If you choose, you will have a dedicated, knowledgeable professional helping you navigate the process of buying your own home, including accessing additional grant money to help cover down payment and closing costs.
Click on the links to explore our properties, and take your first step toward affordable home ownership!

HOUSE FEATURES

Glenmore Grove--beautiful, affordable, green condominiums! Twelve (12) two- and three bedroom modern and spacious affordable homes are available to low and moderate income first -time home buyers earning between approximately $40,000-$100,000 a year, depending on family size. These modern, spacious, newly constructed units are available now to income-eligible, first time homebuyers through a New York City Department of Housing Preservation and Development (HPD)-sponsored lottery. **We are still accepting applications, which will be placed on a waiting list. Special preference for residents of Brooklyn Community Board 5, and households with persons having mobility, visual or hearing impairments.**--APPLY TODAY!

These one- and two-family homes are being developed by Restored Homes, HDFC through a HUD- and HPD-subsidized home rehabilitation program. Click on the individual properties for more information.

2485 Pitkin Avenue: This spacious, three-story, two-family home--with an owner's three bedroom duplex and a ground-floor, one-bedroom rental unit--is one of our largest homes at a total of over 2,500 square feet. It is also located on the same block as the C train. In Contract

282 Eldert Lane: This single family, three-bedroom home is large, located right on the Queens border, with convenient access to the Jackie Robinson Parkway and the J train. In Contract

126 Ridgewood Avenue: A two-family, three bedroom owner's unit above a studio rental apartment on a tree-lined street. Near the public library, this house has convenient access to buses and trains. $375,000 *Still available

312 Hendrix Street: A one-family, two bedroom home on a quiet, residential block will be available early next year. $275,000 *Still available

Why rent when you can own a newly-renovated home? These eleven, two- and three-family homes are being constructed through the Neighborhood Homes Program (NHP) of the New York City Department of Housing Preservation and Development (HPD). All of these beautifully renovated, spacious homes are available for households with annual incomes ranging from $40,000 to $85,000.