New York Construction Report staff writer
More than 450 new affordable housing units are planned for East New York as part of Phase 1B of the Innovative Urban Village, a large-scale development project aimed at addressing the city’s housing shortage while bringing new community resources to the Brooklyn neighborhood.
The $313 million Phase 1B investment includes approximately 10,250 sq. ft. of retail and commercial space, 12,600 sq. ft. dedicated to daycare facilities, and a new 9,500-sq.-ft. playground. Fifteen percent of the new housing units will be set aside for formerly homeless individuals. The City of New York is contributing over $260 million through capital funding and support from the New York City Housing Development Corporation.
New construction will create 453 affordable homes to the area, with 114 units designated for Extremely Low-Income households, 114 for Very Low-Income households, 224 for Low-Income households, and one unit for building supervision. Unit sizes will include studios, one-, two-, and three-bedroom apartments with modern amenities and shared community spaces.
Phase 1B follows the April 2024 launch of Phase 1A, which is already underway and will add over 380 affordable housing units and a grocery store offering fresh food options. In total, the Innovative Urban Village project is expected to create up to 2,000 new affordable homes in East New York.
The broader development will also include a performing arts center, around-the-clock child care services, and opportunities for small businesses and local artists, all part of a long-term strategy to create a vibrant, sustainable, and inclusive community.
Of the homes planned in Phase 1B, 68 are reserved for formerly homeless households. The initiative emphasizes not only access to affordable housing but also integrated services and infrastructure aimed at improving long-term outcomes for residents.
The Innovative Urban Village is being built on over 10 acres of land and reflects a growing trend toward multi-use community-focused developments. The project aligns with the city’s ongoing efforts to meet the housing needs of current and future residents while prioritizing equity, job creation, and livable neighborhood design.
City officials say this project is one of many being advanced to address the city’s housing crisis. During the same week, nearly 2,000 housing units were announced across New York City. The housing push is part of the broader “City of Yes for Families” initiative, which aims to build 500,000 new homes citywide by 2032.
