Park Hill Apartments to Undergo Significant Rehabilitation to Preserve Critical Staten Island Affordable Housing Stock
Park Hill Apartments, Staten Island, NY
Contacts:
Antoun Sawires, asawires@council.nyc.gov
Also see: Massive rehabilitation project, new owners coming to much-maligned Park Hill Apartments – SILive.com 12/22/2025
Elected and Agency Officials Announce Public Investment and Comprehensive Plan to Revitalize the 1,100-Unit Staten Island Complex, Including New Ownership and Management Team
STATEN ISLAND, NY (December 22, 2025) — Elected officials representing Staten Island announced a comprehensive plan today to rehabilitate the Park Hill Apartments, an eight-building, 1,100-unit affordable housing complex built in the 1960s in the Clifton section of Staten Island.
City Council Member Kamillah Hanks, State Senator Jessica Scarcella-Spanton, Assembly Member Charles D. Fall, and U.S. Rep. Nicole Malliotakis, working alongside agencies at the city, state, and federal levels, secured substantial public funding to begin work on a $165 million transformative rehabilitation of the property that will extend its affordability for another 40 years. The comprehensive financing package represents a significant commitment to preserving and improving affordable housing on Staten Island.
“I join my colleagues in government and members of the Park Hill community to announce plans to rehabilitate more than 1,100 units with investments by all three levels of government and new management that promises to put the dignity and quality of life of Park Hill tenants first,” said Rep. Nicole Malliotakis. “For too long we battled with the previous owners on behalf of our constituents who were subjected to subpar living conditions. These improvements are necessary and long overdue and we look forward to seeing these capital projects completed.”
“Fixing Park Hill has always been a top priority for me from even before I was a State Senator,” said State Senator Jessica Scarcella-Spanton. “Thousands of families call Park Hill home, and for far too long they have been forced to live in completely unacceptable conditions. From garbage piling up and attracting vermin to ceilings collapsing with no lasting infrastructure solutions in place, residents have been left without the safe and dignified housing they deserve. These rehabilitation efforts and new leadership will not only give Park Hill families long-overdue peace of mind; they will fully transform every building so residents can feel comfortable remaining in their homes for the long term. I’m proud to have worked alongside my colleagues in government to finally deliver this investment for the Park Hill community.”
“Park Hill is home to thousands of families who deserve safe, dignified housing. This investment is a long-overdue step forward, and I’ll keep fighting to make sure the state continues to deliver the resources residents need now and for the long term,” said Assemblyman Charles D. Fall.
“For far too long, the residents of Park Hill have been forced to live with neglect, disrepair, and conditions no community should ever have to accept. From day one in office, I made it clear this was unacceptable. I worked alongside my colleagues in government to ensure that these conditions would no longer be ignored. We brought those conditions to light, held city agencies accountable, and demanded immediate change. What we are announcing today is the result of years of relentless advocacy, deep partnership, and an unwavering belief that every resident deserves safe, dignified housing. By working together with our state, federal, and city partners, we have secured an unprecedented investment that will finally bring real repairs, new leadership, and renewed hope to the families who call Park Hill home,” said Council Member Kamillah Hanks.
The rehabilitation will be made possible through:
- Federal support through the US Department of Housing and Urban Development, including a senior FHA loan and Section 8 rental assistance contracts
- $98.5 million from the New York City Department of Housing Preservation and Development
- $50 million from New York State Homes and Community Renewal’s Multifamily Preservation Program
The rehabilitation will include extensive upgrades to each apartment, including new kitchens, bathrooms, radiators, flooring, and windows, as well as updated electrical wiring, and plumbing enhancements. On a building-wide level, the project will include lobby renovations, boiler overhauls, elevator work, façade repairs, improved security measures, and increased handicap accessibility. Outside, there will be improvements to landscaping, lighting, parking facilities, and waste management.
“The preservation of the Park Hill Apartments has been a top priority for the NY HUD Multifamily Office of Asset Management, providing a new 20-year Section 8 contract. HUD’s production team is providing FHA insurance. By recapitalizing this asset, we will provide the necessary foundation for a comprehensive preservation redevelopment. This will address long-standing needs and enhance the quality of life for over 1,000 families, ensuring every resident has safe and affordable housing,” said Jason Loughran, Regional Administrator at HUD.
New York State Housing Commissioner RuthAnne Visnauskas said, “The comprehensive rehabilitation of the Park Hill Community represents a major investment in the safety, stability, and quality of life of more than 1,100 Staten Island households. By committing $50 million through HCR’s Multifamily Preservation Program and working closely with our partners at HPD, we are ensuring that these homes remain affordable while addressing long-overdue building and infrastructure needs. This project reflects our shared commitment to preserving existing affordable housing, strengthening communities, and delivering the dignified, high-quality homes that New Yorkers deserve.”
“Today, we are announcing a major step forward in delivering relief for over 1,000 Staten Island families who have been subject to sub-standard housing conditions for far too long. Because of our crucial partnership between HPD and partners at the state and federal levels, we are going to deliver massive renovations and investments in the Park Hill Apartments’ building infrastructure, apartment interiors, exterior landscaping, and more,” said Ahmed Tigani, Acting Commissioner of HPD. “This partnership demonstrates the continued importance of federal dollars for affordable housing development and preservation, and it reflects the very best of all levels of government coming together and delivering for hardworking New Yorkers. At HPD, we understand that our work to tackle the housing crisis head-on means not just building more housing but preserving and protecting the housing that we already have.”
A new development team – a joint venture between The Arker Companies, L+M Development Partners, and LIHC Investment Group – will take over ownership and management at the property. The development team has been responsible for rehabilitating tens of thousands of affordable housing units across the city in recent years.
“We thank Council Member Hanks, Senator Scarcella-Spanton and Congresswoman Malliotakis for their leadership in securing resources for Park Hill,” said Dan Moritz, Principal at The Arker Companies. “We also appreciate the collaborative work of HPD, HCR and HUD in making this project happen. As a team with deep experience in affordable housing preservation, we are committed to delivering quality homes that Park Hill families deserve. This rehabilitation will address critical building systems and quality of life conditions while preserving affordability for the long term.”
“After years of uncertainty, today’s announcement is the beginning of a new chapter for Park Hill, with a comprehensive plan to deliver homes that residents can take pride in and ensure long-term affordability for decades to come,” said Eben Ellertson, Partner, L+M Development Partners. “We are grateful to our elected officials for their leadership and to the government agencies that are helping make this project possible.”
“This collective effort demonstrates what is possible when public resources are aligned with private expertise, and we are deeply grateful to Dean Santa and Stacey Ashmore at HUD, as well as our agency partners at HPD and HCR and our lender Rockport Mortgage, for their collective leadership and support,” said Andrew Gendron, Principal at LIHC Investment Group.
Resident engagement meetings will be scheduled in early 2026 to provide construction timelines and updates to the community.
ABOUT LIHC INVESTMENT GROUP Led by Charlie and Andrew Gendron, LIHC Investment Group has grown to become one of the most respected real estate investment groups in the industry. The firm holds an ownership interest in more than 35,500 units of multifamily housing nationwide, the vast majority of which is affordable. Our expertise in preservation transactions means we know how to work creatively and deliver results that benefit owners, investors, tenants and the community.
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