Bushwick


Financing Closes For $26 Million Rehabilitation Of 44 Affordable Homes In East Williamsburg And Bushwick, Brooklyn

St. Nicks Alliance has closed on financing for the redevelopment of three Brooklyn properties yielding 44 affordable homes in East Williamsburg and Bushwick. The $26 million project encompasses two adjoining 16-unit buildings at 984-988 Greene Avenue and six-unit properties at 315 Harman Street and 19 Kingsland Avenue. The development is backed by a $2.26 million construction and permanent loan from LISC NY, which will cover hard costs associated with the redevelopment, along with soft costs and financing costs.

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Affordable Housing Lottery for 1052 Willoughby Avenue in Bushwick, Brooklyn

The affordable housing lottery has launched for 1052 Willoughby Avenue, a four-story residential building in Bushwick, Brooklyn. Designed by Gerald Caliendo Architects and developed by Darlyn Sanchez of Sharon NR Corporation, the structure yields eight residences. Available on NYC Housing Connect are two units for residents at 80 percent of the area median income (AMI), ranging in eligible income from $78,960 to $122,160.

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