Brownsville

Daytime view of Riverdale Osborne Towers

Developers Close on $100M Refinance for Riverdale Osborne Towers in Brownsville, Brooklyn

The Community Preservation Corporation (CPC) and Proto Property Services have closed on a $100 million refinance for Riverdale Osborne Towers, a 525-unit affordable housing complex in Brownsville, Brooklyn. The partners plan to use the financing to complete extensive renovations and facility modernization throughout the complex, which is addressed as 420-440 Watkins Street. The funds will also ensure the property remains financially stable and preserves long-term affordability for residents.

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Housing Lottery Launches for 195 Herzl Street in Brownsville, Brooklyn

The affordable housing lottery has launched for 195 Herzl Street, a four-story residential building in Brownsville, Brooklyn. Designed by Wu (Woody) Chen of Infocus and developed by Yehuda Vaknin, the structure yields eight residences with a cellar and penthouse. Available on NYC Housing Connect are three units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $69,429 to $156,130.

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Aerial view of Vital Brookdale

Vital Brookdale Affordable Housing Complex Now Complete at 535 East 98th Street in Brownsville, Brooklyn

Construction is complete on Vital Brookdale, a 160-unit affordable and supportive housing development at 535 East 98th Street in Brownsville, Brooklyn. The development team for Vital Brookdale includes Smith & Henzy Affordable Group and The New York Foundling, a non-profit agency founded in 1869 that provides foster care, mental health services, educational programs, and a litany of community support services across the New York City region.

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