The D’Addario Residence in Bedford-Stuyvesant Will Provide Permanent Housing and Comprehensive Services
June 29, 2011 (Brooklyn) –The NYC Department of Housing Preservation and Development (HPD), Brooklyn Borough President Marty Markowitz, Providence House, Inc., and the Alembic Development Company joined Bedford-Stuyvesant residents and homeless service providers today joined to celebrate the start of construction on The D’Addario Residence, a $12.7-million development that will provide permanent service-enriched affordable housing for homeless New Yorkers and their families. Located at 275 Kosciusko Street in Brooklyn, The D’Addario Residence is being developed through HPD’s Supportive Housing Loan Program and will provide 46 new supportive housing units when complete. Providence House will provide on-site supportive services with New York/New York III funding from the City. Through contracts such as High Needs 2, New York/New York III, and other supportive housing initiatives, the City has financed more than 3,200 units of supportive housing since 2005.
The D’Addario Residence is part of Mayor Michael R. Bloomberg’s New Housing Marketplace Plan (NHMP), an $8.5 billion initiative to finance 165,000 units of affordable housing for half a million New Yorkers by the close of the 2014 fiscal year. To date, the plan has funded the creation or preservation of more than 114,000 units of affordable housing across the five boroughs; 3,062 of those units in Brooklyn Community Board 3 where The D’Addario Residence is located.
“For our City’s most vulnerable citizens supportive housing provides a very real opportunity to get a fresh start in a safe, affordable and nurturing environment,” said HPD Commissioner Mathew M. Wambua. “The D’Addario Residence can be that touchstone, offering a new affordable home along with a compliment of supportive services that will enable the future tenants to reach their potential. I thank our partners like Providence House and the D’Addario family for helping further our commitment to strengthening families and neighborhoods as we work to create a more sustainable and affordable city for all New Yorkers.”
"It is our dedicated hope that The D'Addario Residence will not only provide critically needed affordable housing options for homeless women and families, but will also help them transition successfully and become fully participatory members in the local community" said Sister Janet Kinney, Executive Director of Providence House.
Located on former City-owned land that was conveyed to the developer by HPD for this project, The D’Addario Residence will be six-stories with a total of 46 units for low-income New Yorkers when complete. Seventeen of the affordable apartments will be set aside for low-income residents, with a priority given to residents of Bedford-Stuyvesant. The other 28 apartments will be for formerly homeless people and families with special needs. All of the units will be available to tenants at or below 60 percent of the Area Median Income (AMI), which is equal to a maximum annual household income of $47,520 for a family of four. The development will also include 1,200 square-feet. of community space featuring a meeting room, exercise room and a learning center.
Providence House will provide on-site case management and life services to each resident as well as referrals to a spectrum of services in the community to include employment and training programs, health and mental health services, and childcare/after school programs. Providence House will connect tenants to recreational activities both inside and outside the building.
“I am so excited about this development,” Brooklyn Borough President Marty Markowitz said. “Not only will homeless women and families have a beautiful place to live, but they also will have a full set of services to help them succeed. Moreover, this development will transform a vacant and blighted lot into a community beacon. Providence House is to be congratulated for this, its first permanent supportive housing facility."
“At a time when funding and resources are scarce, it’s great to be a part of launching a project that represents a real investment in the people of Bedford-Stuyvesant and in Providence House,” said HPD Assistant Commissioner Tim O’Hanlon. “I’m proud to stand with everyone today as we begin construction and look forward to the day when this development becomes a real part of the fabric of the neighborhood.”
The D’Addario Residence is named in honor of the Chair of the Board of Providence House, Janet D’Addario, and her husband, Jim. “This is such an honor for Jim and me,” Janet D’Addario said. “I am so proud to be a member of the Providence House Board and to work with such people as Sister Janet, who have the vision and energy to make developments like this happen.”
“This development will transform a vacant lot into a productive part of this community,” New York State Assemblymember Annette Robinson said. “Providence House is to be commended for making the D’Addario Residence happen. This is a great day for this community, and I am honored to have helped to make it happen.”
"We are delighted to be a part of this development,” Capital One Bank Director Fabian Ramirez said. “Capital One has a long-standing commitment to investing in communities, especially in the community development initiatives of such visionary organizations as Providence House. This development will give so much back to this community, and create true opportunity for its residents.”
The project is being financed with $4.9 million in HOME funds from HPD’s Supportive Housing Loan Program, $250,000 of Reso-A funding from the Borough President and $500,000 in City Council Reso A funding. In addition the project will be financed with a construction loan from Capital One Bank and federal Low Income Housing Tax Credits syndicated by The Richman Group. Providence House’s development partner is the Alembic Development Company. Mega Contracting is the general construction contractor, and Alphonse Diaz is the architect.
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The NYC Department of Housing Preservation and Development (HPD)
HPD’s mission is to promote quality housing and viable neighborhoods for New Yorkers. It is the nation's largest municipal housing preservation and development agency. Responsible for implementing Mayor Bloomberg's New Housing Marketplace Plan to build and preserve 165,000 units of affordable housing, HPD also actively promotes the preservation of affordable housing through education, outreach, loan programs and enforcement of housing quality standards. For more information visit: www.nyc.gov/hpd
About Mayor Michael R. Bloomberg’s New Housing Marketplace Plan
New York City’s affordable housing program to build or preserve 165,000 units of housing — enough to house half a million New Yorkers — is the most ambitious and productive in the nation—creating housing as well as jobs for New Yorkers. As of May, 2011 the City had financed the creation or preservation of more than 113,000 affordable units—representing an investment of more than $4.5 billion to date by the City, not including roughly $5 billion in bonds issued by HDC.
The Plan has been recast to maintain production momentum while confronting head-on the economic challenges facing the City, the State, the housing industry, the financial sector and individual New Yorkers and their families. In order to fulfill the NHMP goal of 165,000 units, HPD and the NYC Housing Development Corporation (HDC) are responding to market realities and focusing on three primary goals: strengthening neighborhoods, expanding the supply of affordable and sustainable housing and stabilizing families by keeping them in their homes. To read more about the NHMP, please visit http://www.nyc.gov/html/hpd/html/about/plan.shtml.
About Providence House
Emphasizing the dignity of every human person, Providence House affirms its commitment to provide shelter and support to homeless, abused and formerly incarcerated women and their children in a hospitable, non-violent, compassionate atmosphere. Founded in 1979, Providence House is a not-for-profit organization that accomplishes its mission one family at a time through our programs and services. These include transitional residences, transitional apartments, parole resource centers and permanent housing. Not only do we provide shelter to people in need, we also strive to break the cycle of homelessness and return to incarceration through the values, skills and relationships that are established during their time with us. Many more mothers and children have followed over the past 30 years. To date, over 7,000 women and 3,800 children have lived at Providence House.