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$72m affordable housing development underway in Downtown Brooklyn, N.Y.

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Christian Fernsby ▼ | June 21, 2019
Downtown Brooklyn
Empire State   The development complex includes the gut rehabilitation of a century-old buildin

Construction on Nevins Street Apartments, a $72 million mixed-use affordable and supportive housing development in Downtown Brooklyn has begun.

The development complex includes the gut rehabilitation of a century-old building and the new construction of an adjacent ten-story building.

Nevins Street Apartments will offer 129 affordable apartments, including 78 supportive homes reserved for individuals with mental illness and 3,100 square feet of commercial space.

The redevelopment of this site will preserve affordable housing in Downtown Brooklyn and modernize the existing apartments to current standards.

The Governor's commitment to providing all New Yorkers with access to safe, affordable housing is reflected in the State's unprecedented $20 billion, five-year Housing Plan.

The plan makes housing accessible and combats homelessness by building or preserving more than 100,000 affordable homes and 6,000 with supportive services.

The plan is a comprehensive approach to statewide housing issues and includes multifamily and single-family housing and community development.

Since 2011, New York State Homes and Community Renewal has invested more than $2 billion to create or preserve nearly 15,000 affordable homes and apartments in Brooklyn.

Nevins Street Apartments includes the substantial rehabilitation of an existing building originally constructed in 1912-13 as a Single Room Occupancy by the YWCA for single women.

Over the last 30 years, the Institute for Community Living has operated the building as an Office of Mental Health licensed transitional housing facility.

The redevelopment will convert the existing single rooms to self-contained apartments.

The newly constructed 10-story building will be built on an adjacent parking lot.

The design calls for the two buildings to be fully integrated and will share a single core.

Building amenities include common laundry facilities, 24/7 front desk security, a community room, a gym and yoga room and a classroom.

All apartments are affordable to households earning at or below 60 percent of the area median income.

There is one apartment reserved for a superintendent.

Of the 129 apartments, 78 will be reserved for formerly homeless individuals, including those with a serious mental illness, substance abuse disorder, veterans and young adults.

They will have access to the Institute for Community Living's comprehensive onsite support services including counseling, safety planning, public benefits management and advocacy, parenting and life skills, family reunification and stabilization, health education, social and recreational services and linkage to community services.

The residential complex is located at 50 Nevins Street between Schermerhorn and State Streets in Downtown Brooklyn.

The retail space will face Schermerhorn Street, a major commercial corridor.

Residents will enjoy easy access to nearby transit and all major services including shopping, medical care and public facilities.

State financing for the development includes $13.5 million in tax-exempt bonds, federal Low-Income Housing Tax Credits that will generate $27.3 million in equity and $9 million in subsidy from New York State Homes and Community Renewal.

The New York State Office of Mental Health will provide $1.9 million annually for rental assistance and services for the supportive units through the Governor's Empire State Supportive Housing Initiative.

The New York City Department of Housing Preservation and Development provided $9.6 million from the Supportive Housing Loan Program.

The New York State Attorney General is providing $1 million in funds from property owner settlements.

The developer is the Institute for Community Living.

Additional financial support is being provided by Richman Housing Resources, HSBC and TD Bank.


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