Brooklyn Borough President Eric L. Adams is allocating $3,026,000 of his Fiscal Year 2019 capital budget to supporting the development and maintenance of more than 550 new and existing affordable units across Brooklyn, he announced on Tuesday.
The funding is benefiting Adams' Faith-Based Development Initiative, a partnership with Brooklyn's houses of worship to create and preserve low-income housing for seniors, formerly homeless individuals and families.
"Brooklynites need more than a home for the holidays; our borough needs affordable housing year-round," said Adams. "We need to protect our vulnerable populations fighting to stay in their homes, like the elderly, the poor, veterans and the disabled."
The borough president's FY19 affordable housing capital budget includes funding for five projects. Adams is allocating $1 million in funding to Love Fellowship Tabernacle for the construction of a 189-unit, mixed-use development at 2435 Pacific Street in Brownsville. Catholic Charities Progress of Peoples Development Corporation will receive $526,000 for the construction of the communal and green roof spaces at Our Lady of Loreto Project Phase 2, which will bring 102 affordable units to Brownsville.
The Hanson Place Church Support Corporation is the recipient of $500,000 to develop 100 affordable housing units and a community facility space at Fort Greene's Hanson Place Community Plaza. BEL Community Housing, LLC also was awarded $500,000 to create 89 units of low-income senior housing at Bishop Philius and Helen Nicolas Senior Residence in East Flatbush. An additional $500,000 went to the Abraham Residence I in Sea Gate, a 75-unit single room occupancy independent living facility for formerly homeless seniors, managed by Met Council.
"Every Brooklynite deserves a safe place to call home that they can afford regardless of their income or background," said Adams. "People should not have to be forced to leave their homes, because they cannot afford to live in their neighborhoods where they have lived for decades."
