New Affordable Apartments Coming to Brooklyn
Subsidized Units to Provide Relief for Low-Income Residents
The city of Brooklyn is taking steps to address the shortage of affordable housing by constructing new subsidized apartments.
The new apartments will be located in the Park Slope neighborhood and will be available to low-income families and individuals. The units will be offered at below-market rates, making them more affordable for those who struggle to find housing in the expensive Brooklyn market.
The city has partnered with several non-profit organizations to develop the new apartments. The organizations will provide supportive services to the residents, such as job training and childcare.
The construction of the new apartments is expected to begin in 2023 and be completed by 2025. The project is expected to cost $100 million and will be funded by a combination of city, state, and federal resources.
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