State awards over $300M for NYC affordable and supportive housing developments

Last week, Governor Hochul announced more than $700 million in new funding for affordable and permanent supportive housing developments across the state. Roughly half of that money - more than $300 million in total - has been earmarked for six projects in New York City which will create a combined total of nearly 900 residential units to neighborhoods in the Bronx, Brooklyn, and Queens.

"We are working tirelessly to expand much-needed affordable housing across New York State, and these new developments will help us build toward a more stable and equitable future for the next generation," said Hochul in a statement. "When we invest in modern and healthy housing, we strengthen our communities and provide new opportunities for New Yorkers to thrive and succeed, and today is a significant step in helping secure and preserve safe, livable, and quality affordable housing for all New Yorkers."

The affordable housing developments, per a news release, include:

$65 million for Logan Fountain in the Cyprus Hills neighborhood of Brooklyn. The 13-story U-shaped building will offer 174 affordable apartments, including 105 with supportive services. The building's east wing will contain a separately owned and financed transitional housing facility for families being served by the NYC Department of Homeless Services. The building will also include a nearly 10,000-square-foot residential courtyard and 7,600 square feet of ground floor retail space along Atlantic Avenue. The development team is a joint venture between The Hudson Companies and DCV Holdings, Inc.

$104 million for Phase 1B of the redevelopment of the Brooklyn Developmental Center. The redevelopment of this 35-acre property in East New York is part of the Vital Brooklyn Initiative, a comprehensive community development initiative that is addressing chronic social, economic, and health disparities in Central Brooklyn. The six-phase redevelopment is expected to ultimately create 2,400 affordable homes with other mixed-uses on a campus with walkways, streets, and open space. Phase 1B consists of a six-story building with 124 apartments designed to be all-electric and achieve Passive House standards. The development team is Apex Building Company, Inc., and L+M Development Partners, LLC.

$123 million for Starhill Phase I in the Morris Heights section of the Bronx. The newly constructed development will offer 326 apartments, including 200 with supportive services funded through the Empire State Supportive Housing Initiative and administered by the New York State Office of Addiction Services and Supports. Residents will benefit from free internet access in each unit, and several building-wide amenities. The developers are Bronx Pro and Services for the Underserved.

The supportive housing developments, announced separately, include:

CAMBA Housing Ventures, Inc. & CAMBA, Inc. was awarded $9.9 million to develop 146 units of permanent supportive housing in Brooklyn, including units reserved for individuals re-entering the community from incarceration, homeless youth, youth aging out of foster care, and chronically homeless families. 

The supportive units will be a component of a larger development called CAMBA Gardens I, which will include a total of 209 affordable homes at 690 and 738 Albany Avenue.

Additional projects include:

• Project Renewal, Inc. was awarded $6 million to construct a 17-story building in the Bronx with 70 units of permanent supportive housing for individuals with serious mental illness or substance use disorder. 
• Breaking Ground was awarded $5.7 million to construct a 15-story building in the Queens neighborhood of Jamaica, with 52 units of permanent supportive housing serving elderly individuals who have a serious mental illness or substance use disorder.