Governor Hochul Announces Completion of $133 Million Mixed-Use Housing Development in Brooklyn

Governor Kathy Hochul today announced the completion of a $133 million affordable and supportive housing development in the Coney Island neighborhood of Brooklyn. Known as Raven Hall, the development comprises 216 affordable apartments and commercial space on the ground floor. Seventy-seven apartments are reserved for homeless families.

“My administration will continue to address the housing crisis through high-quality affordable housing projects that will improve the lives of residents and create vibrant communities,” Governor Hochul said. “This $133 million mixed-use development in Coney Island will improve the quality of life for residents and the wider community, while building a stronger economic future for this unique historic neighborhood.

Raven Hall is part of Governor Hochul’s sweeping plans to make housing more affordable, equitable and stable. This year, the state is on track to meet its current housing plan goal of creating and preserving 100,000 affordable housing units and 6,000 with supportive services. Governor Hochul is building on this successful effort with a proposal for a new five-year, $25 billion housing plan that will create and preserve 100,000 more affordable homes in urban and rural New York, including 10,000 with services. Support.

Raven Hall consists of a single 22-story building with 216 apartments and 8,500 square feet of retail space on the ground floor. The development includes paid public parking.

There are 193 apartments for households earning at least 60% of the region’s median income and 22 apartments for households earning up to 90% of the AMI. There is an apartment for a caretaker.

The development includes 77 apartments reserved for families experiencing homelessness who will have access to on-site services and programs provided by New Destiny Housing. Housing services and subsidies for these households are funded by the Empire State Supportive Housing Initiative and administered by the New York State Office of Temporary and Disability Assistance.

Raven Hall is the second phase of a seven-phase redevelopment of Coney Island’s Bath site, a two-block parcel of mostly vacant and underutilized land. Located between the boardwalk and Surf Avenue, the parcel separates the east and west sides of the Coney Island neighborhood. The redevelopment is designed to improve the pedestrian connection between the two sides and increase pedestrian traffic along the corridor.

Residential facilities at Raven Hall include a community hall with a large deck, fitness center, children’s bedroom, laundry room and storage space. The development is located 500 feet from the Coney Island beach and boardwalk and within walking distance to the New York Aquarium, Ford Amphitheater, community garden, restaurants, multiple bus stops and a major metro station.

The development team consists of Georgica Green Ventures, LLC and New Destiny Housing.

The project’s name, Raven Hall, pays homage to the Ravenhall Baths, Coney Island’s largest saltwater swimming pool which opened as a hotel in 1867 and was destroyed in a fire in 1963.

State development funding of $133 million includes $19 million in permanent tax-exempt bonds, federal and state low-income housing tax credits that generated $50.2 million in equity and $16.2 million in grant funding from New York State Homes and Community Renewal. The New York City Department of Housing Preservation and Development provided $36.7 million from the Extremely Low and Low Income Assistance Program.

The first phase of the redevelopment of the Bath site, known as Surf Vets Place, was completed in 2019 and includes 135 apartments for homeless families and veterans. The project was funded by UNHCR and HPD.

This is a key project in the renewal of this district in which the New York Economic Development Corporation and the city have invested in the modernization of infrastructures.

Homes and Community Renewal Commissioner RuthAnne Visnauskas said: “The state’s investment in Raven Hall will continue the revitalization of Coney Island as a vibrant and diverse beachfront community and an even better place to live. With 216 apartments and commercial spaces, residents will be able to live comfortably and affordably just steps from the historic boardwalk. The support services provided by New Destiny Housing to 77 households will help these families regain stability and build a better future. Kudos to Georgica Green Ventures, New Destiny and our other partners for making this development a reality.

Office of Temporary and Disability Assistance Commissioner Daniel W. Tietz said: “Families experiencing homelessness often face health and social issues that contribute to their housing instability. Located a short distance from Coney Island’s iconic boardwalk, Raven Hall will provide Brooklyn families with safe and affordable housing, as well as the support services they can count on to effectively meet their needs and help them stay housed. I commend Governor Hochul for continuing to make supportive housing a central part of her five-year housing plan.

Adolfo Carrión Jr, Commissioner of the New York City Department of Housing Preservation and Development. noted, “The completion of Raven Hall marks another major milestone in the city’s investment to bring more affordable housing and public amenities to Coney Island. This new development serves extremely low-to-moderate income New Yorkers, provides critical supportive housing for homeless families, and moves our city in the right direction when it comes to creating permanent, safe homes for people in the need. Thank you to our HPD team and our partners at New York State Homes and Community Renewal, Georgica Green Ventures, New Destiny Housing, the New York City Economic Development Corporation and our dedicated elected officials for making this new development possible.

Jessica Katz, New York housing officer, said: “This ribbon cutting is an exciting time in our efforts to house our neighbors, especially New Yorkers experiencing homelessness. Projects like Raven Hall will help us meet our housing needs while ensuring that all neighborhoods have the resources and amenities they deserve. We are thrilled to partner with New Destiny, Georgica Green and our colleagues at UNHCR to support projects like this and look forward to many more ribbon cuttings so that we work together to help all New Yorkers have access to safe, stable and affordable housing.

Andrew Kimball, President and CEO of the New York City Economic Development Corporation, said: “Safe, quality and affordable housing helps neighborhoods thrive. Raven Hall will provide much-needed housing for a range of incomes, as well as units for families struggling with roaming. When New Yorkers have a safe place to live, they can access the services they need. They can focus on employment, education and their health. NYCEDC thanks everyone involved in this project, which supports the city’s ongoing efforts to strengthen and revitalize Coney Island.

Dave Gallo, President of Georgica Green Ventures, said: “The GGV team is honored to provide this affordable and much-needed housing for survivors of domestic violence in historic Coney Island! We are grateful to our many dedicated partners and public/private partnership who have helped us bring this to fruition. vision.

Nicole Branca, Executive Director of New Destiny Housing, said: “We are delighted to be here with Georgica Green, our partners and colleagues, to celebrate the opening of Raven Hall. Providing affordable, permanent housing with trauma-informed services is the most effective response to ending homelessness caused by domestic violence. Raven Hall offers more than apartments. With a lounge, meeting space, children’s playroom and case management offices, it provides space for healing and for our survivors and their children to build a new community. »

State Senator Diane Savino said: “I would like to thank the stakeholders involved in this project. Public investment of this type is essential in order to be able to develop affordable units and offer new businesses to a community that deserves its chance to succeed. This announcement also proves that government at all levels can always get things done for the people we represent. »

Mathylde Frontus, Member of the Assembly, said: “After much anticipation, I am thrilled to welcome the arrival of Raven Hall to Coney Island! I offer my warmest congratulations to everyone who has helped make this wonderful project a reality and bring affordable housing much-needed to our community. As families across our city and state find themselves grappling with ever-increasing rents and cost of living, a project of this magnitude, bringing 216 affordable homes to our neighborhood, is exciting. and a welcome relief. This building will be a great addition to our community and a great addition to Surf Avenue.”

Brooklyn Borough President Antonio Reynoso said: “Throughout my career, I have been a strong advocate for affordable housing, so the inauguration of any new affordable housing structure is cause for celebration. This development is a great example of what can be achieved when city government, together with state government and the private sector, work together towards a common goal. Additionally, Raven Hall will provide on-site support services to homeless families, allowing these New Yorkers to build a stronger foundation to achieve greater stability. These combined tools have a huge impact on life. Thanks to New York State Homes & Community Renewal for this important work.

City Council Member Ari Kagan said: “I am thrilled to be part of the grand opening of Raven Hall, a major new affordable housing development on Coney Island. The project created 216 affordable housing and commercial spaces on Coney Island. Equally important, this development includes 77 apartments with on-site support services for families experiencing homelessness. In times of urgent need, this great project will give many families and individuals a chance to have decent housing and a better future. I really appreciate the hard work of many government agencies and private companies to make this successful project a reality for our community.

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