Managing and creating quality affordable housing for New Yorkers

Memo to all residents regarding Section 8

Grand Street Guild Apartments
New York, New York

November 21, 2019

TO: Residents of Grand Street Guild Apartments
FROM: Grand Street Guild

We are writing to summarize the locked-in affordability restrictions applicable to the Grand Street Guild Projects at 131 Broome Street, 460 Grand Street, and 410 Grand Street. We want you to know you can be assured that your apartment’s affordability is safe and secure.

Section 8

In August 2015, each of the Grand Street Guild Projects entered into a new Project Based Section 8 Contract with HUD which runs for a term of 20 years through September 1, 2035. In addition, each Project signed an extension to the Section 8 Contract which provides that upon expiration in 2035, the Contract shall automatically renew for a term of 15 years through August 30, 2050.

This means your Section 8 subsidy is safely in place for the next 30 years through 2050. The Guild will use its best efforts to extend that term whenever possible.

Use Agreement

In addition, in 2012, each Project entered into an Agreement with HUD which provides that, through May 1, 2050, the 600 units at 131, 460 and 410 shall be used solely as rental housing for Low Income Families (persons or families whose annual incomes do not exceed 80% of the Area Median Income) or Very Low Income Families (persons or families whose annual incomes do not exceed 50% of the Area Median Income).

This means that for the next 30 years vacant apartments at each Project shall only be rented to Low or Very Low-Income families.

Please contact the Management Office if you have any questions.

Apply Today for Social Services Summer Internship

The Grand Street Guild Social Services Department is accepting applications for its Social Services Summer Internship Program. This paid, part-time position, located on site at Grand Street Guild, is designed for young residents who are passionate about social justice and community organizing. Working with our talented staff, the intern will gain insight into nonprofit management as well as enjoy special opportunities to tour behind-the-scenes at partner organizations, including Fortune 500 companies, in tandem with volunteers from Catholic Charities.

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PHOTOS: Social Services Day in the Amphitheater

We were delighted to spend a sunny afternoon with Grand Street Guild residents in the amphitheater this past weekend as we hosted Social Services Day.

With tables circling the amphitheater, our partner organizations provided residents with helpful information about activities in our neighborhood, health advice and much more. In attendance we were pleased to have the office of NYC Councilmember Margaret Chin, the office of Comptroller Scott StringerCatholic CharitiesHenry Street Settlement, the Grand Street Guild Residents Association, and more.

Continue reading “PHOTOS: Social Services Day in the Amphitheater”