The NYC Department of Housing Preservation and Development (HPD) and Housing Development Corp (HDC) announced recently that Chestnut Commons will be built on the vacant lot that intersects Dinsmore Place, Chestnut Street and Atlantic Avenue, in East New York.
The announcement stated that 80 apartments will be set aside for families earning up to $25,770 per year. Other apartments will be available to families earning up to $51,540 per year.
“The development team, including locally-based non-profit organizations with deep ties to the community, has crafted a dynamic proposal that will provide a wide array of community services with culturally-rich programming and hundreds of deeply affordable homes that will benefit local residents for generations to come”, stated Maria Torres-Springer, HPD Commissioner.
Cypress Hills Development Corporation, Urban Builders Collaborative and MHANY Management make up the development team on this project.
In addition to 100% affordable housing, the development will include:
- Cypress Hills Local Development Corporation: Active recreation programs and additional social services will be provided by CHLDC. The organizations’ Verde Initiative will facilitate demonstrations in cooking and nutrition. Workforce development programs will also help the community with college access, admissions, and financial aid counseling.
- CUNY Kingsborough Community College Satellite Campus: The satellite campus will offer college introductory courses along with career track certification training programs
- ARTS East New York Center for the Performing Arts: This new performing arts center will be home to a variety of cultural, community and local school events, and will host professional performances from world renowned performers. ARTS East New York will also use the center to offer courses in performance arts education for the community including lessons in acting, musical theater, set design, woodshop, curation, stage management, and more.
- Food Manufacturing Kitchen Incubator: CHLDC will operate a new food incubator which will provide industrial kitchen facilities and small business technical assistance to help launch and sustain neighborhood-based caterers, home-based food businesses, food manufacturers, and restaurant entrepreneurs.
- Brooklyn Federal Credit Union (Brooklyn Coop): A new 2,000 square foot branch will open at the Chestnut Commons site. In addition to traditional retail banking services, the credit union will pilot a credit building rent payment program and financial education programs, and offer homeownership workshops for community members.
Find out about the NYC Housing Application process here.
I think this will be great for the community. Especially the sattelite campus. The surrounding area has been neglected long enough.
I think the development will be great for the community if it is actually serves our community.
Yes I’m so happy. We are getting a Credit Union that is in the community. The College too.