HANAC Affordable Housing
Recognizing the need for housing the elderly of modest means, HANAC opened the Archbishop Iakovos Senior Residence in 1993. For over 20 years, HANAC has played an ever-expanding role as an affordable housing sponsor, and presently has two projects in construction/renovation and an additional two projects in various stages of pre-development.
Archbishop Iakovos Senior Residence
 Representing HANAC’s first new housing initiative, The Archbishop Iakovos Senior Residence in Astoria, Queens, is a permanent rental building for low to moderate-income seniors. Funding for the initial construction of this project was provided by a HUD Section 202 grant in 1991. The project contains 100 apartments and includes amenities such as a laundry room, parking lot, garden and recreation community space.
As a result of the “Affordable Housing for Seniors and Families Act 2000, HUD 202,” buildings with HUD loans are now eligible to prepay the loans and to refinance that existing debt with financing more advantageous to the project. HANAC recently took advantage of this opportunity in 2011, and refinanced the property utilizing bond financing and low-income tax credits made available through the New York State New Bond Issue Program by the NYS Division of Homes & Community Renewal. Proceeds from the refinancing were used in 2012 to renovate the property’s interior and exterior and improve the building’s energy efficiency by 20 percent.
To further assist the residents, HANAC operates an on-site senior center that offers meals, social services, recreational programs and transportation services that are also available to the residents of the nearby community. HUD also funds an on-site Service Coordinator who supports the needs of residents by coordinating their social service needs and providing them with information and referral services as needed.
Archbishop Iakovos Senior Residence
32-06 21st Street
Astoria, NY 11106
Tel (718) 726-1227
Fax (718) 726-0118
Corona Senior Residence
 The HANAC Corona Senior Residence is a 68-unit, 8 story new construction project to be developed on a vacant 12,000 sq. ft. property located at 54-17 101 Street in Corona, Queens. The upper floors of this new residence are designated for low income seniors, earning no more than 50 percent of the Area Median Income; in addition 30 percent of the total building units (21) are to be set aside specifically for vulnerable seniors at risk of homelessness.
The architectural design approach is largely based on a desire to integrate the new structure into the fabric of this low-rise block, using a building setback, various materials, colors, variable window patterns and wall planes to further break down the building mass. The overall design concept is to create a warm, welcoming and safe environment for the senior residents and staff, as well as an asset for the larger community. The ground floor will include a 5,150 sq. ft. childcare facility with a shared rear yard that will include a natural play area, a vegetable garden, seating and tables for residents.
The HANAC Corona Senior Residence shall serve as HANAC’s first attempt to certify a project through the Passive House Design Standard, given its mission to create new residential environments that are more comfortable and healthier for its residents while utilizing the principles of Active Design. The $35 million dollar residence was funded in part by $12.8 million in Low-Income Housing Tax Credit equity from HPD syndicated by Enterprise Community Investment. Other funding sources included a construction loan from JP Morgan Chase, a permanent loan from NYCERS, as well as funds from Council Member Ferreras-Copeland, the Queens Borough President’s Office, and the office of Attorney General Eric T. Schneiderman. Further, all apartments will receive rent subsidy through HPD’s Senior Affordable Rental Apartments (SARA) program, which ensures that the tenants’ rents remain affordable. By meeting rigorous Passive House standards, the development will substantially limit its energy consumption by approximately 75%, resulting in lower utility bills for tenants and lower operating costs for owners, helping keep the building affordable for the seniors it serves.
The official groundbreaking of this new residence took place on October 25, 2016 and is set to be completed in spring 2018. The application period will be announced in summer 2017, and will occur 6-months prior to the project’s substantial completion.
For anyone inquiring about the Corona Project, please contact (718) 396-5001 or send an email to [email protected]. Please leave your name and contact information. Once applications are available, someone will contact them.
Corona Senior Residence in the Press:
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Corona Senior Residence
54-17 101 Street
Corona, NY
Tel (718) 396-5001
George T. Douris Tower
 The George T. Douris Tower, which opened in October 2009, is a fifteen-story, 184 unit apartment building. It includes an on-site management office, a community room, an exercise room, a library, a crafts room, music and computer rooms, outdoor patio areas, a roof garden and a social service office to assist residents.
The George T. Douris Tower is funded through a combination of low-income housing tax credits, tax exempt bond funds and grants from the New York State Department of Housing and Community Renewal, New York City Council capital grants, as well as grants from the Federal Home Loan Bank of New York, Enterprise Community Partners, Citigroup, and NYSERDA.
George T. Douris Tower in the Press:
A green ‘paradise Opens in Queens – NYDailyNews
Affordable senior housing complex built on site of parking lot.
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George T. Douris Tower
27-40 Hoyt Avenue South
Astoria, New York 11102
Tel (718) 396-5000
Tel (718) 396-5001
Fax (718) 396-5090
HANAC PCA Senior Residence
 This $24M senior housing project was developed in partnership with the Presbyterian Church of Astoria (PCA). It is a six-story building with 66 units of studios and one-bedroom apartments. The facility also offers other amenities including a parking lot, recreational garden, indoor community spaces, and office space for an on-site coordinator of senior services.
Funding for this project was made possible by a combination of HUD 202 Capital Grant dollars, Low Income Housing Tax Credits, financial support from the Queens Borough President, Helen Marshall, former State Senator George Onorato, the Federal Home Loan Bank, and HOME federal housing funds administered by the NYC Department of Housing Preservation and Development.
HANAC PCA in the Press:
Affordable housing complex for seniors unveiled in Astoria – NYDailyNews
Seniors only need to pay 30% of their incomes at the 66-unit complex in the increasingly expensive northwest Queens neighborhood.
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New Senior Residence – Queens Gazette
HANAC-PCA Senior Residence is a critical example of how underutilized, faith-based sites can be used to create new housing in a city where land is scarce and the need for affordable housing is great...
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A time for every (re)purpose under Heaven – Presbyterian News Service
New York congregation’s physical space reborn as senior housing complex.
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HANAC PCA Senior Residence
31-34 33rd Street
Astoria, New York 11106
Tel (718) 806-1514
Fax (718) 545-2281
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