Statement from Speaker Adams on the Conversion of JFK Hilton Hotel into ‘Baisley Pond Park Residences’ Affordable Housing Development

 

This week, the City announced a deal with Slate Property Group and RiseBoro Community Partnership to convert the former JFK Hilton Hotel in her Council District into the Baisley Pond Park Residences, which will provide 318 units of permanently affordable housing for low-income and formerly homeless New Yorkers. Governor Hochul contributed $48 million in state funding for the $167 million project. This marks the first hotel conversion project through the state’s Housing Our Neighbors with Dignity Act (HONDA) program. In response, Speaker Adrienne Adams released the following statement:

“To ease our city’s growing housing and affordability crisis, it is imperative that we utilize every tool at our disposal to build and preserve housing, with a focus on maximizing affordability. With the historic conversion of the JFK Hilton Hotel into 318 units of permanently affordable housing for low-income and formerly homeless New Yorkers, our city is taking a critical step forward to ensure even more of our neighbors have access to the stability and support they need. The Baisley Pond Park Residences represents what can be achieved when our city and state governments work together with a shared goal of housing New Yorkers. While this is the first hotel conversion project facilitated by the Housing Our Neighbors with Dignity Act (HONDA) program, I am hopeful that it will not be the last. I thank Governor Hochul, Mayor Adams, Slate Property Group, RiseBoro Community Partnership, and all of the stakeholders whose partnership paved the way for this groundbreaking development in our Southeast Queens community.”