The Fountains, a 1,163-units affordable housing complex in East New York, Brooklyn, is now 100 percent leased. Developed by The Arker Companies, the complex spans 35 acres and includes six buildings located at 11629 Seaview Avenue, 911 Erskine Street, 10 Schroeder’s Walk, 702 Vandalia Avenue, 881 Erskine Street, and 894 Fountain Avenue.
More than 1,000 apartments at The Fountains are reserved for households earning at or below 60 percent area median income (AMI), and a total of 85 units for households earning up to 100 percent AMI. Of the total apartment stock, 200 apartments are set aside for senior adults aged 62 years and older, and another 192 units for adults with intellectual or development disabilities who have access to on-site supportive services provided by the Block Institute.
Additional components include Schroeder’s Walk, a one-acre public plaza with over 95,000 square feet of ground-floor retail, parking, open green space, and outdoor seating.
“We are incredibly proud to have helped thousands of Brooklynites secure safe, affordable homes at The Fountains,” said Alex Arker, principal at Arker Companies. “We’re grateful to the local leaders and partners, including governor Hochul and mayor Adams, for supporting East New York families with the high-quality housing they deserve. Our team will continue to work alongside Progressive Management, The Block Institute, and the amazing residents to ensure that this community can continue to thrive.”
State financing for The Fountains included over $216 million in resources from New York State Homes and Community Renewal. The NYC Department of Housing Preservation and Development contributed more than $35 million to the project.
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Much more of this, please.
There’s a lot on the way.
I wonder if NYC is digging itself into a hole with all these buildings that will need to be subsidized. At cost housing makes more sense than affordable housing.
I’m surprised they were able to fill all those vacancies considering that’s a “transit-starved” area. Unless you don’t count cars as transit which the YIMBY cult likes to denigrate all the time. But not all of the units are really affordable if you count how high the market rate rent got in the last 5 years in it’s existence
I need an affordable Apartment in NY I am living in UpState NY I am very sick with multiple Slerosis I don’t have Section 8 But my rent it’s $300.00. Monthly they take from my SSI check I need go to Brooklyn preferable Bayview Proyects where my daughter lives not with her cuz her Apartment it’s over crowded her and 4 Little Kids. I need move back cuz Medical Hardship hope to God Someone Read this and helps me
Thank You Ms. Reyes
14 Isbell St.
Binghamton NY 13901 Apt. 4-11
Please someone help me get out to a safe environment. Thanks Again.
Now that’s alot of lowincome units, and for seniors that great, but that area is not transit sufficient, resourceful, etc, this should be a blue print with a large amount of different kinds of lowincomes, in resourceful, transit hub, well off to do neighborhoods, but there not trying to, why, because it’s called segregated affordable housing
Hi my name is Julius my income is 28,000 I work for trader Joe’s I’m looking for a studio or 1bedroom ASAP Thank you in advance.347 798-6821