$67 Million CAMBA Gardens Will Provide LEED Platinum-Certified, Affordable, Supportive Housing on Grounds of Kings County Hospital Center
Unique Partnership among New York City’s Public Hospital System, Non-Profit Developer and Social Service Provider to Provide Housing, While Streamlining Access to Healthcare Services
New York NY, November 4, 2011 – CAMBA, Inc./CAMBA Housing Ventures, Inc., New York City Health & Hospitals Corporation (HHC), Kings County Hospital Center, New York State Homes and Community Renewal (HCR), the Department of Housing Preservation and Development (HPD), New York State Homeless Housing Assistance Corporation (HHAC), Federal Home Loan Bank of New York (FHLBNY), HSBC, New York State Energy Research and Development Authority (NYSERDA), TD Bank, Brooklyn Borough President Marty Markowitz, Councilmember Dr. Mathieu Eugene and Enterprise today celebrated the groundbreaking of CAMBA Gardens, a $67 million, 209-unit LEED Platinum, affordable and supportive housing development on two underutilized sites on the grounds of Kings County Hospital Center. The two, six-story buildings project is a partnership among the public hospital system, a community based non-profit developer and social service provider to provide housing and access to comprehensive healthcare services.
CAMBA Gardens is part of Mayor Bloomberg’s New Housing Marketplace Plan. Launched in 2003, the NHMP is a multi-billion dollar plan to enable the creation or preservation of 165,000 affordable units by the close of the 2014 fiscal year. To date, HPD and HDC have continued to leverage the public and private funding necessary to create and preserve over 125,700 affordable units since the program’s inception. In Brooklyn alone, 30,441 affordable housing units have been financed under the Mayor’s NHMP with 1,577 in Community Board 9 where CAMBA Gardens will be located. HPD’s development guidelines include smart design and environmentally aware site practices, energy efficiency and green products and finishes to encourage sustainability in all developments.
“For the last 34 years, CAMBA has worked closely with New Yorkers facing a variety of obstacles daily, and we recognize that affordable housing, access to supportive services, and quality healthcare need to work concurrently to ensure a quality life,” said Joanne M. Oplustil, Executive Director, CAMBA/CAMBA Housing Ventures, Inc. “CAMBA Gardens presents a unique opportunity to provide all three for the community, and it is poised to become a national model of an effective partnership among public hospitals, non-profit developers and social service providers.”
The 193,150-square-foot CAMBA Gardens development project is one of the few in the country to use underutilized hospital property for housing. This development will create affordable housing, connect patients being discharged from inpatient care to stable housing and critical social services, provide tenants with access to healthcare, and generate revenue for area businesses.
On-site services provided by CAMBA through funding with the New York City Department of Health and Mental Hygiene (DOHMH) include case management services, referrals to medical care and mental health services, job training, educational opportunities, family-centered services and access to CAMBA’s network of more than 250 linked partners who provide complementary services. CAMBA will partner with Kings County Hospital, which will provide an array of health and mental services within walking distance of the site. The new development is expected to create approximately 200 jobs.
“HHC is strongly committed to working with highly regarded organizations such as CAMBA, Inc., CAMBA Housing Ventures, Inc. and our HPD colleagues to leverage public resources with private funding to create affordable housing for New Yorkers,” said Alan Aviles, President of the New York City Health & Hospitals Corporation. “We are particularly excited about the opportunity for Kings County Hospital Center’s patients who need affordable and supportive housing to obtain this important resource. Kings County Hospital Center has been the health care safety net for Central Brooklyn residents for more than 180 years. We look forward to the hospital serving as the medical home for the families and individuals who will reside at CAMBA Gardens.”
HCR Commissioner/CEO Darryl C. Towns said, “As a former Brooklyn legislator, I have an immediate appreciation of the profound impact this project will have in this community. Under Governor Cuomo’s leadership, New York State continues to seek out ways to break down silos, so extraordinary projects like CAMBA Gardens can come to fruition. This innovative planning and land-use project happened because Federal, State and City government all collaborated to ensure the project’s success. CAMBA Gardens apartments is a success story that fills two great needs in this community: it expands affordable housing and creates good jobs.”
HCR’s approval of $34 million in bond financing for CAMBA Gardens was financed with HCR’s third New-Issue Bond Program (NIBP) rollout. NIBP allows the state’s Housing Finance Agency to issue multifamily bonds that are purchased by the US Treasury at a below-market interest rate. The rate provides considerable savings for borrowers, allowing for the financing of affordable housing projects in a constricted credit market. The project leverages $25 million in Low Income Housing Tax Credits and creates more than 200 jobs.
“In this economic climate it is more important than ever that we find new and ever more creative ways to develop affordable housing for the City’s most vulnerable populations,” said HPD Commissioner Mathew Wambua. “This development is unique in that it is making good use of underused public hospital property and that it will connect the residents to critical social services, health care and educational and job training opportunities. CAMBA has been a great partner in the past and through this effort, along with our other for-profit and not-for-profit colleagues, we are providing good quality, supportive housing for those in need. I do believe that if we are to be measured by the quality of care and services we provide to those who are most needy, we have a lot of which we can be proud, and a lot of work yet to do.”
CAMBA Gardens consists of 132 studios, 29 one-bedroom, 33 two-bedroom and 15 three-bedroom units. Of the 209 total units, 146 will be permanent supportive housing with project-based rent subsidy for formerly homeless individuals and families with special needs. The remaining 61 units will be leased to low-income families earning no more than 60% of the current year Area Median Income, as determined by HUD each year. Two, two-bedroom units are reserved for on-site superintendents.
“Bravo to CAMBA, Kings County Hospital Center, Enterprise and all of their state and city, nonprofit and financing partners for taking underutilized property at the hospital and transforming it into LEED-certified affordable and supportive housing for hundreds of low-income and special needs Brooklynites as well as formerly homeless residents,” said Brooklyn Borough President Marty Markowitz. “I am thrilled to support CAMBA Gardens, which not only creates more than 200 jobs but will provide residents with services ranging from health care to education to job training. It demonstrates how public-private partnerships can find creative ways of re-purposing underused space in our most vulnerable neighborhoods.”
“Enterprise is committed to reducing the number and length of stay of homeless families in the shelter system, and giving every family the opportunity to rise up and out of poverty. By linking critical services to our most vulnerable neighbors, we will help dozens of families move out of the shelter system and into permanent supportive housing,” said Abby Jo Sigal, Vice President and Market Leader, Enterprise Community Partners. “Enterprise is proud to have partnered closely with CAMBA throughout the development process, contributing grant support, loan support and $25 million in Low Income Housing Tax Credit Equity to the project.”
This LEED-Platinum, energy-efficient and sustainable development will feature 24-hour security, high-quality finishes as well as community space and garden areas for tenants. It will also provide healthy indoor air quality that is critical for tenants with chronic illnesses. CAMBA Gardens is participating in the NYSERDA Multi-Family Performance Program, is sustainable and transit-oriented and is designed to achieve a LEED Platinum rating and meet the Enterprise Green Communities criteria, the first comprehensive green building framework for affordable housing. Since January 2011, HPD has required the developers of new affordable housing construction and substantial renovation projects funded by the City to attain Enterprise Green Communities Certification by adhering to these criteria.
“NYSERDA is pleased to participate in the public/private partnership supporting the development of CAMBA Gardens, an innovative, affordable housing initiative,” said Francis J. Murray Jr., President and CEO of NYSERDA. “To help implement an energy reduction plan for the buildings, NYSERDA is providing nearly $600,000 in funding. Through the use of energy efficient equipment and building practices, as well as ENERGY STAR appliances, energy use is expected to be reduced by 26 percent in CAMBA Garden North and 22 percent in CAMBA Gardens South when compared with conventional equipment and practices.”
Financing for this development is being provided by a variety of partners. The New York City Housing Preservation and Development provided $26.1 million toward the development in HOME funds and an additional $2 million in City Capital Allocation funds from Brooklyn Borough President Marty Markowitz and Councilmember Dr. Mathieu Eugene (40th District). New York State Homes and Community Renewal provided $34 million in tax-exempt bonds and TD Bank is providing credit enhancement. The Federal Home Loan Bank of New York Affordable Housing Program provided $1.4 million and the New York State Homeless Housing Assistance Corporation provided $5.2 million. A $578,191 NYSERDA grant was provided. Enterprise provided $25 million in tax credit equity. Predevelopment financing was provided by Corporation for Supportive Housing and Enterprise.
Applications for CAMBA Gardens are expected to be released in summer 2013 and the project will be completed in fall 2013. Qualified applicants currently residing in Community Boards 9 & 17 and qualified KCHC employees and patients will be given preference for these low-income family units.
“When completed, CAMBA Gardens will make an enormous contribution of affordable housing to the community, especially during a time when so many are struggling to support themselves and their families. I am delighted to support this project and want to commend CAMBA and Kings County Hospital for working together to develop the site,” said Councilmember Dr. Mathieu Eugene.
“The New York State Office of Temporary and Disability Assistance is pleased to be one of the partners in this supportive housing program for homeless individuals and families. CAMBA has a long history of serving Brooklyn residents and improving local neighborhoods. This innovative project will be an asset to the neighborhood as well as provide needed housing for the people who will live there,” said Elizabeth Berlin, Executive Deputy Commissioner, Office of Temporary and Disability Assistance.
Corporation for Supportive Housing President and CEO Deborah De Santis commented, “CSH is proud to support the CAMBA Gardens project. It's a great example of government, private and nonprofit partners coming together to provide safe and affordable homes for New York's most vulnerable."
“CAMBA Gardens will not only provide 209 much-needed homes for New Yorkers, it will put underutilized land to good use,” said Alfred A. DelliBovi, president and CEO of the Federal Home Loan Bank of New York, which partnered with its member, HSBC Bank, to provide a $1.4 million grant to the project in 2009. “For more than three decades, CAMBA has worked tirelessly to provide so many families and individuals across New York with affordable and supportive homes, and we are proud to help support their efforts.”
HSBC Vice President Sr. Regional Community Development Manager Marie Pedraza remarked, “HSBC has been actively involved in the Federal Home Loan Bank (FHLB) of New York First Home Club (FHC) and Affordable Housing Programs (AHP) for over 20 years. To date, HSBC has helped secure $46 million in AHP grants for over 200 projects with total development costs of almost $900 million. HSBC is very pleased that the FHLB selected CAMBA Gardens as one of its 2009 award recipients and is proud to partner with CAMBA on this significant project.”
About CAMBA, Inc./CAMBA Housing Ventures, Inc.
Founded in 1977, CAMBA, Inc. is one of Brooklyn's largest community-based social service organizations, with a budget of nearly $100 million and a diverse staff of 1,400 employees. Our mission is to provide services that connect people with opportunities that enhance their quality of life and develop their communities. CAMBA annually provides services to more than 35,000 individuals and families in six core areas: Economic Development; Education and Youth Development; Family Support Services; Housing Services and Development; HIV/AIDS Services and Health-related Services; and Legal Services. CAMBA clients are those who are: moving from welfare to work; individuals and families experiencing, at risk of or transitioning out of homelessness; individuals living with or at risk of HIV/AIDS; immigrants and refugees; children and young adults; entrepreneurs; and others struggling to overcome barriers to self-sufficiency.
In 2005, CAMBA created CAMBA Ventures, Inc. (CHV), an affiliated development corporation, with a goal of creating 1,000 units of by the year 2015. The mission of CAMBA Housing Ventures is to develop sustainable and energy efficient buildings that provide safe and affordable housing for low-income and formerly homeless individuals and families. When provided with resources that are meaningful and culturally relevant, CAMBA's clients make tremendous contributions toward strengthening their own lives and communities.
About The New York City Health and Hospitals Corporation (HHC)
The New York City Health and Hospitals Corporation (HHC) is a $6.7 billion integrated healthcare delivery system with its own 400,000 member health plan, MetroPlus, and is the largest municipal healthcare organization in the country. HHC serves 1.3 million New Yorkers every year and more than 475,000 are uninsured. HHC provides medical, mental health and substance abuse services through its 11 acute care hospitals, four skilled nursing facilities, six large diagnostic and treatment centers and more than 70 community based clinics. HHC Health and Home Care also provides in-home services for New Yorkers. HHC was the 2008 recipient of the National Quality Forum and The Joint Commission's John M. Eisenberg Award for Innovation in Patient Safety and Quality. For more information, visit www.nyc.gov/hhc
About New York State Homes and Community Renewal (HCR)
New York State Homes and Community Renewal (HCR) consists of all the State's major housing and community renewal agencies, including, the Affordable Housing Corporation, the Division of Housing and Community Renewal, Housing Finance Agency, State of New York Mortgage Agency, Housing Trust Fund Corporation and others.
About the NYC Department of Housing Preservation and Development (HPD)
HPD is the nation’s largest municipal housing preservation and development agency. Its mission is to promote quality housing and viable neighborhoods for New Yorkers through education, outreach, loan and development programs and enforcement of housing quality standards. It is responsible for implementing Mayor Bloomberg’s New Housing Marketplace Plan to finance the construction or preservation of 165,000 units of affordable housing by 2014. Since the plan’s inception, nearly 125,700 affordable homes have been created or preserved. For more information, visit www.nyc.gov/hpd.
Enterprise is a leading provider of the development capital and expertise it takes to create decent, affordable homes and rebuild communities. For nearly 30 years, Enterprise has introduced neighborhood solutions through public-private partnerships with financial institutions, governments, community organizations and others that share our vision. Enterprise has raised and invested more than $11 billion in equity, grants and loans to help build or preserve more than 280,000 affordable rental and for-sale homes to create vital communities. Visit www.enterprisecommunity.org and www.enterprisecommunity.com to learn more about Enterprise's efforts to build communities and opportunity.
Since opening our New York office in 1987, Enterprise has created or preserved more than 35,000 affordable homes for 116,000 New Yorkers, and has committed over $2.3 billion in equity, grants, and loans to community development projects across the city.