CYPRESS HILLS LOCAL DEVELOPMENT CORPORATION HOMEOWNERSHIP OPPORTUNITIES
About ACA Homes
The following properties are available in the Cypress Hills neighborhood and are developed by the U.S. Department of Housing and Urban Development's Asset Control Area Program in partnership with the City of New York's Department of Housing Preservation and Development (HPD).
Information and
Applications Available
Click on the link below to download more information about the property and the application. Applications are accepted on a rolling basis.

2485 Pitkin Avenue SOLD!

282 Eldert Lane

126 Ridgewood Avenue

312 Hendrix Street

Location: All properties are located in Brooklyn, 11208

2485 Pitkin Avenue SOLD!

282 Eldert Lane

126 Ridgewood Avenue

312 Hendrix Street

Developer: Cypress Hills LDC, U.S. Department of Housing and Urban Development's Asset Control Area Program, City of New York's Department of Housing Preservation and Development (HPD)
Type of Units: one and two-family houses
Building Size: 2 story
Architect: Michael Ivanhoe McCaw Architect PC
Contractor: Horizon Construction
Properties
2485 Pitkin Avenue
2 family, 4 bedrooms, 2.5 bath
$430,000
126 Ridgewood Avenue
2 family, 3 bedrooms, 2 bath
$375,000
282 Eldert Lane
1 family, 3 bedrooms, 1.5 bath
$360,000
312 Hendrix Street
1 family, 2 bedrooms, 1.5 bath
$275,000

Visit Restored Homes Housing Development Fund Corporation's Website

Additional Information

Preference will be given to New York City residents. Current residents of the community boards in which homes are located will receive preference for 50% of the homes; military personnel who served on active duty in "Operation Enduring Freedom" and "Operation Iraqi Freedom" at any time after September 11, 2001, or their surviving spouses, will receive preference for 33% of the homes and municipal employees will receive preference for 5% of the homes. Purchasers who currently own, or have in the last five years owned, a residence developed under an HPD program or project are ineligible.

  • To qualify for the Asset Control Area homes, applicants cannot have an annual income greater than $88,320*
  • Income limits may not apply to military personnel and municipal employees' preference categories.
  • Credit Score cannot be below 680
  • There is an asset cap of $150,000
  • Household size will be considered when matching a buyer with a home.
  • No broker's fee
  • No application fee
  • Owner occupancy required
  • *Family size, sales prices and income limits are subject to change.
First time homebuyers! Find out how you can afford to buy! CHLDC offers HUD-approved, first time home buyer seminars and individual home ownership counseling services. You can have a 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.
TAKE YOUR FIRST STEP TOWARD AFFORDABLE HOME OWNERSHIP!
For more information:
Visit www.neighborhoodrestore.com or contact Michelle Lee, 718-647-2800
Office Hours: 9 a.m. to 5 p.m.

For more information or for a
printed application:

Cypress Hills Local Development Corporation
Attn: ACA Program
625 Jamaica Avenue
between Norwood and Hale in Cypress Hills
Brooklyn, NY 11208

Or send your name, address and a self addressed envelope to:
Restored Homes HDFC

Asset Control Area Program: BROOKLYN
150 Broadway, Suite 2101
New York, NY 10038