NYCHA Announces Joint Venture for Complete Renovation of Linden and Penn-Wortman Homes in East New York, Brooklyn
The New York City Housing Authority is working in partnership with Douglaston Development, L + M Development Partners, Dantes Partners and SMJ Development to perform major renovations to Linden and Penn-Wortman homes in East New York, Brooklyn. Together, the public houses consist of 1,922 units.
The partnership is the latest project launched as part of NYCHA’s Permanent Affordability Commitment Together, or PACT initiative, which uses the Federal Rental Assistance Demonstration Program to unlock funds for repairs. The private development partners have entered into a joint venture known as Stanley Avenue Preservation, SAP for short.
“The PACT program continues to be one of the Authority’s best tools for the overall improvement of NYCHA campuses with significant infrastructure repair needs,” said Greg Russ, president and CEO of NYCHA. “The collection of experienced partners who have been brought together to provide large-scale rehabilitation, robust property management and much-needed social services for these sites will allow NYCHA to maintain its commitment to creating stronger developments for thousands of families. additional public housing. “
The Linden Houses consist of 21 individual buildings between Van Siclen Avenue and Vernon Street across from Linden Park. Built in the 1950s, the complex comprises 1,586 units. The Penn-Wortman Houses, a three-tower complex, are located at 851-895 Pennsylvania Avenue and were built in the 1970s. Today the complex comprises 336 apartments.
Improvements specific to individual units will include modernized kitchens and bathrooms, installation of Energy Star appliances, LED lighting, new paint and flooring repairs, and WiFi hardware throughout the unit. Upgraded community amenities will include expanded halls with parcel lockers, recycling rooms, upgraded laundry facilities, a residents’ community center, and offices for social services and tenants on site.
Exterior modifications will include new trees and planters, public seating, trail repairs, new playgrounds and fencing replacements. Facade and building envelope improvements include replacing windows, installing insulated roofs in both developments, and residing as needed.
For the health and safety of all tenants, the property will receive new security systems, key fob access for tenants, improved lighting, new elevators and updated water piping systems.
“At Dantes Partners, our goal is to facilitate and enhance local urban economic development by designing and structuring innovative financing and financing solutions for affordable housing, workforce housing and housing in mixed income and community real estate, ”said Buwa Binitie, Managing Director of Dantes. The partners. “Through this public-private partnership, we can apply these same principles to have a significant impact on improving NYCHA communities. “
To fund the project, NYCHA and its private development partners recently entered into a $ 430 million program provided by the New York City Housing Development Corporation (HDC), Wells Fargo and Citi.
The renovations are expected to begin next month under the direction of Curtis + Ginsberg Architects.
Subscribe to YIMBY’s daily email
To follow YIMBYgram for real-time photo updates
Like YIMBY on Facebook
To follow YIMBY Twitter for the latest YIMBY news