|
What's New on The Board
NEBHDCo has been busy planning new housing for our community and establishing key real estate development partnerships with private and public sector partners and local partners to create new housing units that address the needs of low, moderate and middle income families living in central Brooklyn.
Community support for the projects we plan and propose for our community involves local public hearings and presentations within the neighborhoods affected.
This feedback provides us with critical information about the needs and desires for the types
of housing projects within the surrounding neighborhoods of local residents. |
| |
Two New 7 Story Mixed-Use Buildings for Myrtle Avenue |
| NEBHDCo forms local partnership with Bridge Street Development Corporation and local architect, Michael Ivanhoe McCaw to develop new mixed-use housing project on
Myrtle Avenue. The partnership is a collaboration by local organizations with direct roots in the community and experience in the development of affordable housing efforts in central Brooklyn. |
| The proposed project referred to as “Marcy/Nostrand”, for predevelopment purposes consists of the new construction of a mixed-use residential and commercial development on two (2) separate, but, adjacent city-owed, continuous vacant lots on Myrtle Avenue between Marcy and Nostrand Avenues. Myrtle Avenue is a major thoroughfare to Downtown Brooklyn, which is heavily traveled by both pedestrians and vehicular traffic along the east-west corridor with subway and bus service available within close proximity of the project site. |
 |
|
| Marcy/Nostrand will consist of two seven (7) story masonry structures with 18,000 square feet of commercial/retail space at the street level along Myrtle Avenue and 114, 000 square feet of residential floor area on the upper six (6) floors. A total of eighty-eight (88) modern dwelling units consisting of thirty-three (33) 1-bedrooms, (44) 2-bedrooms and (11) 3-bedroom dwelling units within the two building complex; with an average apartment sizes of 650 sq. ft. for a one bedroom, 1,000 sq. ft. for a two-bedroom and 1,300 sq. ft. for a three-bedroom apartment. The buildings will contain ancillary space consisting of a 3,600 square foot community/recreational space, an outdoor roof garden will be provided on the second floor of site number one. There will also be a roof top garden on the seventh floor and several units will have private terraces. |
developed by
|
| |
top |
NYS Housing Trust Fund Provides Financing for New Housing
|
The Division of Housing and Community Renewal and the Housing Trust Fund Corporation approved and awarded NEBHDCo financing for the new construction of 33 housing units on Myrtle Avenue The project is a joint-venture with Dunn Development Corporation |
 |
NEBHDCo Develops in East Brooklyn New York
|
| NEBHDCo partners with the Local Initiative Support Corporation to redevelop 114-units and two commercial/retail spaces in sixteen formerly city-owed occupied buildings in East New York under the NYC Department of Housing Preservation and Development’s Neighborhood Redevelopment Program. When completed the project will contain 95 new apartments that will comfortably meet the housing needs of exiting residents. |
 |
| |
top |
Offering Homebuyers direct Access to Mortgages
NEBHDCo has added another direct service for it clients. In a collaboration with Bank of America and the Mortgage Zone. We now offer our clients direct access to mortgage money for purchasing and refinancing a home while exposing them to a broad array of affordable mortgage products to meet their home financing needs. Our core value of educating home buyers makes for better consumers of mortgages. More importantly, we
are exposing our clients to affordable financing products that meet their personal financial goals. |
| |
