Construction is now complete on The Fountains, a six-building affordable housing complex in East New York, Brooklyn. Developed by Long Island-based Arker Companies, which purchased the site for $10 million following a competitive request for proposal process facilitated by the Empire State Development Corporation, the development yields 1,163 affordable homes, commercial space, and a new public plaza.
East New York
The New York City Department of Housing Preservation and Development (HPD) has completed its latest affordable homeownership program in Brooklyn. Known as the Blake Hendrix project, the initiative introduces 30 new residential properties scattered across 13 different sites in East New York.
The housing lottery is now open for Nehemiah Spring Creek, two separate residential developments in East New York, Brooklyn. Developed by Nehemiah Housing Development Fund Company, a non-profit housing affiliate for East Brooklyn Congregations in partnership with Monadnock Development, the buildings in this phase yield a total 214 rentals in a mix of studios, one-, two-, and three-bedroom units. Available on NYC Housing Connect are the 214 apartments for residents with an eligible income between $18,618 to $126,900, ranging from 30 to 90 percent of the Area Median Income (AMI). The structures are part of a 45-acre development plan that brings a mix of retail, affordable apartment rentals, and townhouse home ownership.
A new affordable housing project at 315 Linwood Street in East New York, Brooklyn, recently opened its doors to residents. Known as Linwood Park Apartments, the ten-story building contains 100 units of mixed-income housing, residential amenities, and supportive facilities for low-income and formerly homeless residents.
Permits have been filed for a three-story residential building at 82 Milford Street in East New York, Brooklyn. Located between 75th Street and 76th Street, the interior lot is close to the Norwood Avenue subway station, serviced by the J and Z trains and the Euclid Avenue station, serviced by the A and C trains. Mario G. Zhingri of Fianzhin Builders Inc is listed as the owner behind the applications.