The Nevin Street Apartments, a 10-story, 129-unit complex, sets aside 78 apartments for formerly homeless people, including those with a serious mental illness, substance abuse disorder or veterans.
Residents will have access to supportive services like counseling, safety planning, public benefits management, health education and more.
One apartment will be reserved for the superintendent, while the rest will be for families making at or below 60 percent of the area median income. That translates to $57,660 for a family of three or $64,000 for a family of four.
At the ground floor will be 31,000 square feet of commercial space as well.
“This new housing development is continuing to increase the number of affordable units for residents in Brooklyn,” Lieutenant Governor Kathy Hochul said in a statement, “especially for communities that are more vulnerable to homelessness.”
The project includes rehabilitation of a building constructed in 1912 as a single-room occupancy (SRO) by the YWCA for single women.
In the last three decades, the Manhattan-based nonprofit Institute for Community Living (ICL) has operated the building as a transitional housing facility, according to state officials.
As part of the redevelopment, the single rooms will be converted to apartments. The project then calls for a new building to be built on an adjacent parking lot.
The two buildings will be fully integrated and share a single core. The building amenities include a common laundry room, 24/7 front desk security, a community room, a gym, a yoga room and a classroom.
David Woodlock, president and CEO of ICL, said in a statement that he’s proud to partner with the state on a project that improves the community.
“The project will provide hundreds of New Yorkers affordable housing and, for some, the chance to get the care they need to get better,” he said.
The Nevins Street Apartments is part of the state’s five-year, $20 billion housing plan to build or preserve more than 100,000 affordable homes and 6,000 supportive housing units.
Since 2011, the Department of Housing and Community Renewal (HCR) has invested more than $2 billion to create or preserve 15,000 affordable units in Brooklyn, according to the state.
State financing for the $72 million development includes $13.5 million in tax-exempt bonds, federal Low Income Housing Tax Credits and $9 million in subsidy from HCR.
The city’s Department of Housing Preservation and Development (HPD) is providing a $9.6 million supporting housing loan, while the New York Attorney General’s office has given $1 million from property owner settlements.
HCR Commissioner RuthAnne Visnauskas said in a statement that the project will help create a more inclusive and diverse neighborhood.
“This development will benefit all who call Downtown Brooklyn home,” she said.