Let $X\subset \mathbb{C} \mathbb{P}^{N}$ be a smooth, algebraic (locally closed) complex submanifold of $\mathbb{C} \mathbb{P}^N$ of complex dimension $k$. More concretely, $X$ is of the following type $$ X := \{ p \in \mathbb{C} \mathbb{P}^N: \phi_1(p) =0, \phi_2(p) \neq 0 \} $$ where $\phi_1$ and $\phi_2$ are sections of some holomorphic vector bundle and whenever $\phi_2(p) \neq 0$, $\phi_1$ is transverse to the zero set.
Let $\overline{X}$ be the closure of $X$ inside $\mathbb{C}\mathbb{P}^N$.
Is it true that $\overline{X}-X$ is an algebraic variety?
Is it true that the ``dimension'' of $\overline{X}-X$ is strictly less than the dimension of $X$?
In particular does $\overline{X}$ always define a homology class $$ [\overline{X}] \in H_{2k}(\mathbb{C} \mathbb{P}^N, \mathbb{Z}) $$
the basic idea being that the singularities of $\overline{X}$ are of complex codimension one, hence real codimension two.
Everything is over complex numbers. Note that although $X$ may not be connected, I am assuming that every connected component of $X$ has the same dimension $k$.