Convent Avenue rentals move toward affordable ownership
A City Council land-use action outlined Thursday would convert four partially occupied, city-owned rental buildings into 77 affordable homeownership units and two superintendent units. The 48–50 Convent Avenue Cluster plan falls under the Affordable Neighborhood Cooperative Program. The Council’s announcement gives no completion date or application window.
Why it matters locally The proposal would change existing rental buildings into affordable ownership housing; it is a planning step, with further details still needed for residents.
Council announcement Thursday, October 22; conversion timing not provided
- New York City Council — October 22 meeting roundup ↗Source published October 22, 2026
- NYC Housing Preservation and Development — cooperative program ↗
