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May 29, 2007
Affordable Housing Watch: 1247 Flatbush Avenue
Prolific Brooklyn photog polychrome snapped a photo last week of a new building going up at 1247 Flatbush Avenue, noting a prominent sign that said "Affordable Housing for New Yorkers" on the site. Curious, we did a little digging. The 25,000-square-foot project appears to be a combined effort between the non-profit organization Camba and HPD. The DOB filings describe a four-story, 46-unit building. The website of architecture firm Harden + Van Arnam (which specializes in buidling housing for low-income and special needs) elaborates that the the building is geared for "single adults with support services." It also lists an estimated construction cost of $4.7 million, or just under $200 a foot. Given that the group received the land from the city for free (according to Property Shark), that would mean that the total cost per unit was about $100,000 which translates into a monthly financed cost of, what, $650 or $700? Seems like money well-spent.
Housing Services & Development [Camba] GMAP P*Shark DOB
CAMBA to Break Ground on Supportive Housing Dev [Enterprise Community]
Photo by polychrome
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Comments
found this added costs:
Morris Manor has a total development budget of $8.35 million, including $4.52 million from New York City Department of Housing and Preservation (HPD) through the Supportive Housing Loan Program, $1.95 million from New York State Housing & Homeless Assistance Corporation, and $1.89 million in tax credit equity through Enterprise Community Investment. Predevelopment support was provided by:
Corporation for Supportive Housing, Deutsche Bank and Enterprise Community Partners. Pro-bono legal
counsel is being provided by Chadbourne & Parke, LLP. Additional legal counsel is being provided by
Lawyers Alliance for New York
Posted by: Anonymous at May 29, 2007 1:07 PM
only problem is that it's next door to the Man Sex Barber Shop....
Posted by: yo at May 29, 2007 1:15 PM
Rendering if you go to gallery, projects in construction, morris manor.
For affordable housing it looks fantastic! What do you think Mr. B?
Posted by: hi! at May 29, 2007 1:29 PM
I haven't finished memorizing the Brooklyn street addresses. Where is this building located?
Posted by: HH at May 29, 2007 2:39 PM
It's about time somebody built something affordable in Brooklyn. Great that its for "single adults with support services" because nobody else would live in that location.
Posted by: Anonymous at May 29, 2007 9:37 PM
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