Additional housing stock arrived in Cypress Hills with the completion of Shepherd-Glenmore, a new $61 million affordable and supportive housing development.
Governor Kathy Hochul on Wednesday announced the completion of the building, at 365 Shepherd Ave. Developed by Housing Plus and Spatial Equity, Shepherd-Glenmore features 123 affordable apartments in a LEED Gold building located adjacent to the Shepherd Avenue C train station.
Developed on the site of a former junkyard that was demolished as part of construction, Shepherd-Glenmore apartments are affordable to households earning up to 60% of the Area Median Income. Rent-stabilized apartments are priced between $544 and $1,864 per month.
"Shepherd-Glenmore marks a significant step forward in our mission to provide safe, affordable and supportive housing for all New Yorkers,” Hochul said in a statement. “This development transforms a once-dilapidated site into a vibrant, energy-efficient community, provides easy access to public transit, and offers critical supportive services to those who need it most."
Of the 123-units, 74 apartments will be allocated for people who were homeless or at risk of homelessness. There will be supportive services on site, including case management, crisis intervention, mental health and wellness services, employment and education services, recreation and socialization services and referral services.
Additionally, eight apartments will be set aside for independent seniors through the New York City Affordable Independent Residence for Seniors Program, who will receive rental assistance through New York State Homes and Community Renewal rental vouchers.
Amenities include 5,000 square feet of outdoor recreation space, community garden, 24-hour security, a fitness room and a wellness room.
"Shepherd-Glenmore is a shining example of how partnerships between state and local government can create high-quality, affordable housing that uplifts communities," said state HCR Commissioner RuthAnne Visnauskas. "With 123 energy-efficient apartments, including 74 with supportive services for New Yorkers at-risk of homelessness, this development provides a stable foundation that will help its residents, particularly those most in need, succeed in the future."
