Mayor Eric Adams announced that Coney Island will receive 700 new affordable homes through a partnership with private and nonprofit sectors. This initiative includes a $90 million subsidy and a $116 million loan for housing development. The plan, part of a larger vision for Coney Island, aims to construct 1,100 homes while improving public infrastructure, such as roads and parks. It emphasizes making the area family-friendly and livable, as stated by the mayor and supported by organizations like the Settlement Housing Fund.
Settlement Housing Fund is incredibly proud to partner with HPD and HDC on this impactful project, which will bring 178 much-needed affordable and supportive homes to Coney Island...
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