"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..."
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.
Read at Brooklyn Paper
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