Project Description
The Project Applicant, RiseBoro Community Partnership Inc, is seeking construction financing from New York City Department of Housing Preservation and Development (HPD) to facilitate the development of a new affordable senior housing building in the East Flatbush neighborhood of Brooklyn, Community District 17 ('Proposed Action'). The requested funding would provide for a total of 58 units of affordable housing (including one superintendent unit) on a privately-owned property in a new four-story (40 feet) building. The 24,000 Project Site is comprised of two parcels located at 594-604 East 40th Street ('Project Site;' Brooklyn Block 4973, Lots 14 and 16) and is situated on the west side of East 40th Street between Avenue D to the north and Foster Avenue to the south. Under the Proposed Action, the Project Site would be redeveloped with a new, 48,743 gross square foot (gsf) mixed-use building containing 37,281 gsf of senior residential housing developed as an Affordable Independent Residence for Seniors (AIRS) and 11,462 gsf of community facility. The proposed project will serve seniors 62+ with incomes up to 60% of area median income (AMI)and a 30% set aside for formerly homeless seniors referred through the New York City Department of Homeless Services. Section 8 Project Based Vouchers will enable the project to serve tenants at extremely-low incomes. Approximately 17 units will be set aside for the formerly homeless senior population. Approximately 40 units will be restricted to individuals and households with incomes at or below 60% AMI and one unit will be reserved for a superintendent. The proposed project will include 46 studio apartments, 11 one-bedroom apartments, and 1 superintendent's unit. The proposed project also feature 2,500 sf of green space including multiple floors of terraces that activate both social gathering and meditative spaces.
