HPD AND HDC JOIN BRP COMPANIES TO ANNOUNCE THE PRESERVATION AND CREATION OF A COMBINED TOTAL OF 710 LOW-INCOME AFFORABLE APARTMENTS IN EAST NEW YORK

East New Yorkers celebrated the completion of the rehabilitation of 468 homes and the start of construction on 242 affordable apartments today. BRP Companies is the lead on both of the new construction and the preservation projects which have a combined total of 710 units of affordable housing. In addition to much-needed affordable housing, the new construction project will create 30,000 square feet of community and retail space to enrich the East New York Community. All work is being completed through a partnership with the New York City Department of Housing Preservation and Development (HPD) and the New York City Housing Development Corporation (HDC)


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The New York City Housing Development Corporation (“HDC”) provides a variety of financing programs for the creation and preservation of multi-family affordable housing throughout the five boroughs of New York City.  HDC is implementing Mayor Bloomberg’s New Housing Marketplace Plan to build and preserve 165,000 units of affordable housing over ten years. The New Housing Marketplace Plan is the largest municipal affordable housing effort in the nation’s history.  HDC’s programs are designed to meet the wide-range of affordable housing needs of the City's economically diverse population.

Contact:
Christina Sanchez
Phone: (212) 227-2644

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