Affordable Housing Development

Carroll Gardens Association, Inc. has completed a number of major housing development projects targeting low-and moderate-income households. As a community-based housing developer and Neighborhood Preservation Company (NPC), Carroll Gardens Association has completed over 500 affordable housing units in the neighborhoods of Red Hook, the Columbia Street Waterfront District, and Carroll Gardens.

Current Portfolio:

CGA currently owns and operates 150 units of affordable housing in Red Hook, the Columbia Waterfront District and Carroll Gardens. CGA’s current affordable housing portfolio comprise of 4 entities: the 722 Henry Street Apartments HDFC, South Brooklyn Renewal HDFC, Nelson Luquer HDFC and Red Hook Gardens LP. Carroll Gardens Association is the second biggest affordable housing provider in Red Hook, (outside NYCHA) with 106 out of 150 units of affordable housing located in the Red Hook neighborhood.

722 Henry Street Apartments Housing Development Fund Corporation

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CGA’s first affordable housing development in Red Hook began in 1989 with The 722 Henry Street Project, located at the corner of West Ninth Street. This building provides 16 spacious apartments, with 30% of the units set aside for community residents and 30% for homeless families and individuals.  The project was funded under the Low-Income Housing Tax Credit Program syndicated through the Enterprise Community Investment Corporation and loans from NYC Housing Preservation and Development. On September 25, 2012, the Limited Partner interest was transferred to the 722 Henry Street Apartments HDFC under the HPD Year 15 Program. The 16-unit project has completed rehabilitation and weatherization in 2013.

South Brooklyn Renewal Housing Development Fund Corporation

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 The South Brooklyn Renewal Project was part of the second phase of the Columbia Street Revitalization Program that was completed in 1993. The project rehabilitated six (6) brick-front properties to create 28 apartments for low-income and homeless residents, and one commercial space serving as community facility and housing the offices of the Carroll Gardens Association. The project was funded under the Low-Income Housing Tax Credit Program syndicated through the Enterprise Community Investment Corporation and loans from NYC Housing Preservation and Development. On June 28, 2012, the Limited Partner interest was transferred to the South Brooklyn Renewal HDFC under the HPD Year 15 Program. The 28-unit project has completed rehabilitation and weatherization in 2013.

Nelson Luquer Housing Development Fund Corporation

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In September 1997, CGA acquired six buildings, 44 units, through HPD’s Neighborhood Redevelopment Program (NRP). The NRP Program conveys occupied, city-owned buildings to selected non-profits for rehabilitation and operation as rental housing. We began management of these properties in April 1996, and assumed ownership in September 1997. Four of the six buildings required gut rehabilitation. Out of the 44 units, 38 units involved the relocation of tenants through a “checkerboard” process. CGA worked closely with the tenants to ensure a smooth relocation process while repairs were carried out. The project was funded through the use of Low Income Housing Tax Credits syndicated through the Enterprise Community Investment Corporation and loans from NYC Housing Preservation and Development. Four of the six buildings are located in Red Hook and two are in Carroll Gardens. On September 29, 2014, the Limited Partner interest was transferred to the Nelson Luquer HDFC under the HPD Year 15 Program. The 44-unit project has completed rehabilitation and weatherization in 2015.

The Red Hook Gardens LP

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Carroll Gardens Association, Inc. acquired 62 units of affordable housing in Red Hook from the Department of Housing and Urban Development (HUD) in 2002. Red Hook Gardens consists of 31 two-family townhouses, located in four noncontiguous but close sites: Dwight Street, Verona Street, Visitation Place, and Coffey Street. Apartments consist of 14 two-bedroom units and 48 four-bedroom units. CGA transferred the property to the Red Hook Gardens Housing Development Fund Corporation, sole shareholder of the Red Hook Gardens GP, which entered into limited partnership with the Red Hook Gardens LP for the development. The Enterprise Social Investment Corporation was syndicator, while the Community Preservation Corporation provided the construction loan, a building mortgage. and a project loan mortgage. The Division of Housing and Community Renewal (DHCR), now NYS Homes & Community Renewal, provided the tax credits for the development. Red Hook Gardens sustained damages during Superstorm Sandy in 2012 and successfully completed remediation and rehabilitation in 2013 utilizing grants and loans secured by the Project Sponsor, Carroll Gardens Association.

Previous Development Projects:

Site H Development Project: CGA developed a substantial portion of the Columbia Street Waterfront District. In 1990, Site H Development Project, in which CGA was the majority General Partner, rehabilitated four (4) dilapidated, brick front properties, which had been in the City’s in-rem program. 189 -195 Columbia Street created eleven (11) apartments for very low-income families and four 1,800 square foot commercial spaces. This project represented the first phase of the Columbia Street Revitalization Program.

VFW Project: In 1993, CGA was the sponsor/developer for The VFW Project, which rehabilitated a Veterans of Foreign Wars Post. The building provided two affordable rental units. CGA packaged the loan through HPD’s Small Home Loan Program.

Columbia Mews Project: CGA sponsored, marketed, and sold 60 units of affordable housing in collaboration with The NYC Housing Partnership, NYS DHCR & NYC HPD. Columbia Mews comprised of 20 newly constructed, three-family homes. The project provided subsidies of up to $75,000 toward the purchase price to enable low and moderate-income families to realize their dream of being first-time homeowners. These homeowner units were built on land that was long vacant along Columbia Street.  CGA facilitated the formation of The Columbia Mews Homeowners Association.

The Columbia Woodhull Project: CGA participated on this project as co-developer in a unique, joint venture partnership which rehabilitated a long-vacant building on Columbia Street. Fourteen (14) apartments for very low-income residents, along with a residential treatment facility for 10 developmentally disabled adults were produced. Cheever Development Corp., a local for profit developer/contractor and Heartshare (formerly The Catholic Guardian Society), a not-for-profit specializing in services to the developmentally disabled, were co-developers/co-owners.