Construction has officially begun on Park Place, an affordable housing project in Crown Heights.
"Park Place is the latest development in our comprehensive plan to expand access to essential services and quality, affordable housing in central Brooklyn's underserved neighborhoods," said Gov. Kathy Hochul.
Once complete, Park Place will be a single five-story building housing 43 mixed-income apartments and a primary care facility.
Thirty-five of the 43 units will be affordable housing, earmarked for tenants earning between 30 and 80 percent of the Area Median Income or less.
The remaining eight units will be dedicated to supportive housing for families experiencing homelessness. Tenants in these units will also have access to rental assistance and on-site supportive services.
Residential amenities will include bike storage, laundry, community rooms and a landscaped terrace with play islands. The building will also include free wireless internet access.
"How can we create housing that not only provides a home, but builds community resiliency, creates livable outdoor green spaces, builds on our city's environmental commitment, and brings affordable health care to the neighborhood? Park Place begins to do this through providing supportive housing and creating an affordable and local primary care facility for the neighborhood as well as adding outdoor space and energy efficient appliances all New Yorkers should have access to,” said Brooklyn Borough President Antonio Reynoso.
An 8,000-square-foot primary health care facility will be built on the building’s ground floor. One Brooklyn Health will operate the facility and will offer primary care for adults and children, including dental care.
"Safe affordable housing is essential for one's health and well-being. One Brooklyn Health is committed to the aims of the Vital Brooklyn Initiative and the partnership with HELPDevCo. We look forward to delivering health care services to the families and individuals living at Park Place and making primary care more accessible to all members of the Central Brooklyn communities,” said President and CEO of One Brooklyn Health LaRay Brown.
The building is being constructed on a parking lot that One Brooklyn Health currently owns. Once complete, the development will also include 38 parking spaces for One Brooklyn Health employees.
The Park Place development is part of the state's Vital Brooklyn Initiative, which addresses chronic social, economic and health disparities in Brooklyn's high-need communities.
The project is also part of Hochul's Housing Plan, a $25 billion initiative that will create or preserve 100,000 affordable homes across New York, including 10,000 with support services for vulnerable populations.
"As my announcement in Brooklyn earlier this week made clear, my administration is doing everything it can to address the housing needs of our neighborhoods like Crown Heights to make New York more livable and more affordable for generations to come," Hochul said.
The building’s design will comply with Enterprise Green Communities and the New York State Energy Research and Development Authority's (NYSERDA) New Construction - Housing Program.
Energy efficient features will include a low-flow plumbing system with leak monitors, Energy Star appliances, increased insulation throughout the building and rooftop solar to generate electricity onsite.
The project is estimated to cost a total of $34 million, which is being sourced from several state streams, including:
- $15.9 million in federal and state Low Income Housing Tax Credits
- $10.6 million in subsidy from New York State Homes and Community Renewal (HCR)
- HCR also awarded eight project-based Housing Choice Vouchers
- $3.1 million from the New York State Office of Temporary and Disability Assistance
- $176,000 in support from the Assistance Program
- $2.5 million in a SONYMA-insured permanent loan from the Community Preservation Corporation through its partnership with NYCRS
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