We’ve known for a while that the Fifth Avenue Committee was working on a large affordable housing project on Wolcott Street, but until recently we were unaware that the nonprofit was also constructing another building (smaller, but with basically the same design) a few blocks away, on Coffey Street. Work on both buildings, which will have 60 mixed-income co-ops between them, is nearly complete. About a third of the total units are in the building at 135 Coffey Street, and prospective owners for those co-ops are likely to be selected soon, before residents for the Wolcott Street building, according to an FAC spokesperson. FAC says the Red Hook homes will be the largest affordable homeownership project in Red Hook history, and most of the units will be sold to people who make less than 80 percent of the area’s median income.
Development Watch: FAC In Red Hook [Brownstoner] GMAP GMAP