960 Franklin Avenue
The first proposed 50/50 mixed income residential rental development on private land in Crown Heights, Brooklyn that addresses the district's urgent need for permanently affordable housing for people of all spectrums of incomes.
The rezoning at 960 Franklin seeks to transform a vacant and underutilized plot of land into a 1600 unit mixed income residential development with extensive community benefits, including:
50% workforce + affordable housing;
20,000 sq. ft. of local retail space along Franklin Avenue;
a 7,500 courtyard partially open to the public.
This is the first and ONLY development in Crown Heights and its' surrounding neighborhoods that finally addresses desperately needed housing for middle income families.
With the construction of approx. 800 units of targeted workforce + affordable housing, this project represents an unprecedented opportunity to retain the city's middle + working class by providing permanently affordable housing to individuals and families of all spectrums of income.
Developed in partnership with the AFL CIO Housing Investment Trust, a Union pension fund -- which, has committed in excess of $550,000,000 of their members retirement income to help finance this ground-breaking mixed-income initiative.
Envisioned to be a new class of quality affordable housing -- all units will have similar layouts, unit sizes, appliances, finishes and amenities between the market rate, workforce and affordable units.
Located in walking distance of mass public transportation, Prospect Park, Medgar Evers College & Preparatory School, the Brooklyn Museum, and the central branch of the Brooklyn Public Library.
UNION BUILT -- UNION FINANCED -- UNION OPERATED. This project will bring 3000+ union jobs with robust, zip code-based outreach to community residents for these jobs.