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Affordable Housing Initiatives

Securing appropriate, affordable housing is a challenge for many New Yorkers. With a vacancy rate of less than 3% in the rental housing market, suitable housing in New York City is at best a scarce commodity. For low-income and disabled households, the search for housing presents almost insurmountable challenges that result in overcrowded households, record levels of homelessness, neighborhoods segregated by income, and growing numbers of tenants living in unsafe and unsanitary conditions because of an inability to afford anything better.

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Affordable Housing Defined

“The generally accepted definition of affordability* is for a household to pay no more than 30 percent of its annual income on housing. Families who pay more than 30 percent of their income for housing are considered cost burdened and may have difficulty affording necessities such as food, clothing, transportation and medical care.”

*affordable to households earning no more than 50 percent of AMI (area median income)

Affordable Housing Affordable Housing Solutions

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Affordable & Special Needs Supportive Rental Housing

Edwin’s Place HDFC – A mix of affordable and supportive rental housing paired with comprehensive services and programs for special needs formerly homeless adults and low income working families

Edwin’s Place seeks to provide 126 independent living apartments. Seventy-eight (78) independent living units will be set-aside for low-income working single adults and families from the community.  These units will be comprised of one-, two-, and three-bedroom apartments. Eligible tenants of these 48 independent living apartments must have a verifiable source of income to support their rental payments.

Forty-eight (48) independent living units in the building will be set-aside for special needs homeless single adults and families in which the head-of-household is recovering from substance abuse, has been diagnosed with a Mental Health disorder and/or is living with HIV/AIDS. All tenants will be deemed ready for permanent supportive housing. The target population will also include homeless Vets. Special needs units will be comprise of one-, two-, and three-bedroom apartments.

Participants of the supportive housing program must be NYC Department of Health and Mental Hygiene (DOHMH) certified and have a source of income such as SSI, SSD, Veterans Benefits, etc. The program will provide case management, mental health counseling, alternate housing placement assistance when needed, and continued substance abuse support services, just to name a few. Click here to learn more about Edwin’s Place.

 

 

Glenmore Manor Apartments HDFC – A mix of affordable and rental supportive housing paired with comprehensive services and programs for special needs formerly homeless adults and very low income working families and seniors.

Glenmore Manor Apartments HDFC seeks to provide a mix of 233 affordable, rental and supportive housing.  The development will include ground floor commercial space which will comprise 20,000 square feet of community-oriented services and locally-owned businesses. Future commercial occupants include the Brooklyn Cooperative Federal Credit Union, the Central Brooklyn Economic Development Corporation (CBEDC) which provides programming for young entrepreneurs, small businesses and nonprofits, Storyboard Bath & Body (Pholk Beauty), Fusion Caterer Restaurant & Bakery (a sit-down restaurant), and Classic Soul Radio (WCSR), a community-based radio station.

Units will be set-aside for extremely low-income households, formerly homeless special needs adults and families, low-income seniors, and low-income working families from the community. Units in the building will be comprised of studios, one-, two-, and three-bedroom apartments. Eligible tenants must have a verifiable source of income to support their rental payments.

Participants of the supportive housing program must be NYC Department of Health and Mental Hygiene (DOHMH) certified and have a source of income such as SSI, SSD, Veterans Benefits, etc. The program will provide case management, mental health counseling, alternate housing placement assistance when needed, and continued substance abuse support services, just to name a few. Click here to learn more about Glenmore Manor Apartments.

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