Today was the groundbreaking for Brooklyn’s Coney Landing, which will offer 178 much-needed affordable apartments, including 106 supportive units (see rendering below).
From the press release:
“As a longtime investor in the production and preservation of affordable housing in New York City, LIIF was proud to provide catalytic capital to make Coney Landing a reality by originating a $7.15 million New York City Acquisition Fund loan and a $750,000 predevelopment loan to nonprofit Settlement Housing Fund,” said Molly Anderson, Director, Northeast Region at Low Income Investment Fund (LIIF). “Coney Landing closely aligns with LIIF’s mission, creating 178 units offered to a range of populations experiencing housing instability, including supportive housing for formerly unhoused community members, who will soon be able to live with greater dignity by having a new place to call home.”
Read the full NYC Housing Preservation and Development press release.
Coney Landing closely aligns with LIIF’s mission, creating 178 units offered to a range of populations experiencing housing instability.
LIIF Director, Northeast Region Molly Anderson