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….
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
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.
I haven’t finished memorizing the Brooklyn street addresses. Where is this building located?
Rendering if you go to gallery, projects in construction, morris manor.
For affordable housing it looks fantastic! What do you think Mr. B?
only problem is that it’s next door to the Man Sex Barber Shop….
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