Two Rockaway Multifamily Buildings Will Receive City Funding for Sandy Repairs

Yesterday Mayor Bloomberg announced that the city is funding three multifamily buildings for repairs and resiliency measures through the Build it Back Fund. A total of $2,500,000 is going to Knickerbocker Village, an affordable housing development in the Lower East Side, 9501 Rockaway Beach Boulevard and 334 Beach 54th Street. 9501 Rockaway Beach Boulevard, the 72-unit mixed-income rental pictured above, will receive $770,000. The funding will go toward the installation of a permanent emergency generator and wall-mounted boilers that will be above flood level to help ensure resistance to future flooding. The building owner previously repaired all other hurricane damage. 34 Beach 54th Street, a 32-unit low-income rental building, will receive $326,000. Work includes the installation of a permanent emergency generator on the roof. Sandy completely damaged six ground floor apartments here, which the owner is repairing through additional market rate financing on the property. Those units should be ready for occupancy before the end of the calendar year.

Mayor Bloomberg Announces First Multi-Family Buildings to Receive NYC Build it Back Funding [NYC.gov]