Construction starts on $34 million affordable housing project in Brooklyn

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Construction has started on a $34 million affordable housing development in Brooklyn.

Park Place will be built in the Crown Heights neighborhood and includes 43 mixed-income apartments, with eight supportive homes for families experiencing homelessness and a primary care facility open to the community.

The development will consist of a single five-story building to be constructed on a parking lot currently owned by One Brooklyn Health which will also operate an 8,000-square-foot health care facility on the building’s ground floor.

The building’s design will comply with Enterprise Green Communities and the New York State Energy Research and Development Authority’s (NYSERDA) New Construction – Housing Program. Energy efficient features will include a low flow plumbing system with leak monitors, Energy Star appliances, increased insulation throughout the building, and rooftop solar to generate electricity onsite.

The developer for Park Place is HELPDevCo, which is affiliated with HELP USA, the nationally renowned affordable housing and homeless services nonprofit.

State financing totals $15.9 million in federal and state Low Income Housing Tax Credits and an additional $10.6 million in subsidy from New York State Homes and Community Renewal (HCR). HCR also awarded eight project-based Housing Choice Vouchers.

“Construction of this new all-electric affordable housing development is an example of how modern and energy efficient buildings with a host of on-site amenities such as solar-powered electricity, low flow plumbing system and energy star appliances, provide high quality living for our most vulnerable residents,” said NYSERDA President and CEO Doreen Harris.

It is electrification projects like this that ensure every New Yorker benefits as we advance our efforts to fight climate change by eliminating the carbon footprint of buildings as part of New York’s nation-leading climate goals.”

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