CAMBA Housing Ventures (CHV) and CAMBA have opened CAMBA Gardens Phase II (CGII), the $100 million LEED Gold sustainable, supportive, and affordable housing development in the Wingate section of Brooklyn.
A national model for co-locating housing and healthcare, CGII is a continuation of the CAMBA Gardens Phase I (CGI), completed in October 2013, which created an innovative partnership between a public hospital, non-profit community developer, social service provider and community stakeholders to redevelop underutilized hospital property into supportive and affordable housing.
Recently awarded the 2018 “Excellence in Affordable Housing Development” by the Urban Land Institute New York, CGI and CGII provide 502 homes for low income and vulnerable New Yorkers.
“For more than 40 years, we have worked tirelessly to assist New Yorkers struggling to overcome daily hurdles like housing instability, health issues, insufficient job skills, and domestic violence. Time and again we saw how intertwined affordable housing, access to supportive services, and quality healthcare were to enable healthy, stable lives,” said Joanne M. Oplustil, President and CEO, CAMBA/CAMBA Housing Ventures, Inc.
“With the completion of CAMBA Gardens Phase II, we celebrate the realization of our dream to provide all three services in one place for 293 households.”
Situated on the campus of NYC Health + Hospitals’ Kings County Campus, CGII consists of 293 apartments (a mix of studios, one-bedrooms, two-bedrooms, and three-bedrooms), with 110 set aside for families and individuals in the community making no more than 60 percent of the area median income, and 182 for formerly homeless families and individuals.
CGII is a mix of both historical and modern facades, including brick and curtainwall, and features a 5-, 7- and 9-story stepped design to compliment CGI, neighboring hospital buildings and the surrounding community.
Brooklyn subcontractors were awarded more than $30 million in contracts and another $1.3 million went to Brooklyn-based vendors on materials and equipment purchased for the development.
During construction, 159 Brooklyn residents were employed, including 54 Community Board 9 and 17 residents, and an additional 38 permanent jobs were created. CGII also awarded $8.6 million in contracts to MWBE contractors.
CGII was financed by leveraging $100 million in public and private investment. The New York State Housing Finance Authority (HFA) provided $49.3 million in tax exempt bonds and $4.1 million in Medicaid Redesign Team (MRT) funds. TD Bank provided credit enhancement, and Enterprise Community Investment syndicated $40.3 million in 4% as-of-right Low-Income Housing Tax Credit (LIHTC), with Bank of America serving as the tax credit investor.
HPD provided $20.5 million through the Supportive Housing Loan Program. The New York State Homeless Housing and Assistance Program provided $6 million. The Federal Home Loan Bank of New York/AHP provided $1.45 million through member bank HSBC.
The Brooklyn Borough President and the New York City Council through Councilmember Dr. Mathieu Eugene each provided $1 million in capital allocations, and NYSERDA provided $300,000.