"The state has selected a coalition of three nonprofit organizations the Fifth Avenue Committee, the Bedford-Stuyvesant Restoration Corporation and One Brooklyn Health to spearhead the transformation of 1024 Fulton St. The plan is to demolish the existing three-story building to make way for 149,000-square-foot development with 125 affordable units, a community center with programming for seniors and children, and a health clinic operated by OBH."
"Apartments will range in size from studios to three bedrooms, and will be priced for those earning 30-80% of the Area Median Income or $43,740-$116,640 annually for a family of three. At those levels, studios would be priced between $840-$2,268 per month, with three bedrooms at $1,263-$3,370. More than 40% of households in Community District 2 which includes Clinton Hill, Fort Greene and Downtown Brooklyn are considered rent-burdened, meaning they pay more than 30% of their monthly income on rent."
A state-selected coalition of nonprofits—the Fifth Avenue Committee, Bedford-Stuyvesant Restoration Corporation, and One Brooklyn Health—will redevelop 1024 Fulton St. The plan calls for demolition of the three-story structure and construction of a 149,000-square-foot mixed-use project with 125 affordable apartments, a community center offering senior and child programming, and a health clinic operated by One Brooklyn Health. Units will range from studios to three-bedrooms and target households earning 30–80% of Area Median Income, with monthly rents roughly $840 to $3,370 depending on unit size. The project targets high rent-burden in Community District 2.
Read at www.amny.com
Unable to calculate read time
Collection
[
|
...
]