Dekalb Commons is a new housing development consisting of three completely affordable residential apartment buildings, all located in Bed-Stuy.
Back in 2017, Restoration and St. Nicks Alliance, a community development nonprofit, were both selected by NYC Housing Preservation and Development to develop three vacant City-owned lots — two lots on Dekalb Avenue, and another one on Fulton Street.
Once completed, the $62.3 million project will reportedly create 85 affordable residential apartments for low- and moderate-income households (27%–77% of AMI), including 13 supportive housing units for formerly homeless individuals.
In addition, the development will also feature almost 1,200 square feet of ground-floor commercial space.
“The start of construction of Dekalb Commons is a major win for Bed-Stuy and Central Brooklyn,” said Blondel Pinnock, president and CEO of Bedford Stuyvesant Restoration Corporation.
“New York is in the midst of a housing crisis and our community is under threat of displacement. We know that housing stability is at the heart of a successful community and Restoration is proud to serve as a co-developer on this project to significantly increase the neighborhood's affordable housing supply.”
Dekalb Commons is the latest project in a long-storied history of housing development work provided by Restoration.
Since it was established in 1967, the Central Brooklyn housing developer has constructed and preserved over 7,500 affordable housing units, along with helping more than 1,500 prospective owners secure $60 million in mortgage financing.
At the current moment, there is no estimated timetable for when the Dekalb Commons apartments will be completed.