Governor Kathy Hochul on Friday announced that nearly $350 million in housing bonds and subsidies were awarded for five housing developments that will create or preserve 750 affordable and supportive apartments, of which 193 units will be in Brooklyn.
The state will allocate $79 million for 729 Van Sinderen, on the border of New Lots and Brownsville. The project wlll tear down a vacant building and construct a new 11-story building with 193 apartments affordable to households earning at or below 60% of Area Median Income. The development includes 116 apartments with supportive services for vulnerable New Yorkers.
“These investments are another major step forward in our mission to expand housing opportunities in every corner of the state and make New York more affordable,” Hochul said in a statement. “By leveraging public and private resources, we are creating and preserving hundreds of high-quality, energy-efficient homes while strengthening communities and supporting economic growth.
The awards are part of the governor’s $25 billion five-year Housing Plan which is on track to create or preserve 100,000 affordable homes statewide.
"I am thrilled that there is a commitment to fund additional affordable housing units in Senate District 19," said state Senator Roxanne J. Persaud. "The $79 million in funding for the 729 Van Sinderen Ave location will create 193 safe, modern and affordable supportive housing units for our Brooklyn families and strengthen our communities."
