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The Grand Architectural rendering of one building of The Grand

NEW YORK CITY—Construction has begun on The Grand, three multifamily rental buildings with 138 affordable apartments. Forty-one of the apartments placed within the buildings will be set aside for formerly homeless adults with histories of serious mental illness, and will be permanently supported by rental subsidies and support services. This will be funded by the governor’s housing plan, administered by the state’s Office of Mental Health. Eight units will receive Section 8 rental assistance administered through the city’s Housing Preservation and Development department. 

Betsy Kim

Betsy Kim is 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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