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Ocean Bay housing development Ocean Bay housing development

NEW YORK CITY—The $560 major rehabilitation of the Ocean Bay Apartments, a 24-building, 1,396-unit public housing complex located at Beach Channel Drive between Beach 54th and Beach 58th streets in Far Rockaway, Queens, has been completed. The redevelopment was New York City Housing Authority’s first and the country’s largest single-site conversion under HUD’s Rental Assistance Demonstration. This program allows housing authorities to use private capital for funding, while protecting affordability.

Betsy Kim

Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.

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