326 Rockaway Avenue was one of several sites developed as part of the Brownsville Plan, an initiative aimed at creating over 2,500 new affordable homes representing more than $1 billion in housing investment for the neighborhood. New developments on city owned land support broader goals of improving health, safety, economic development, and the arts. This includes a new cultural center, a center for innovation and entrepreneurship, and new neighborhood retail and community spaces, all integrated with affordable housing.

Beyond housing, the Brownsville Plan coordinates over $150 million in City investments, including renovations of local parks, enhancements to open spaces in NYCHA developments, a new community center for teens at Brownsville Houses, and a Neighborhood Health Action Center. The initiative seeks to revitalize city owned vacant sites, increase neighborhood services and amenities, and stimulate economic growth in an underdeveloped part of Brooklyn. As part of this effort, the 326 Rockaway Avenue development created 215 permanently affordable apartments for low income New Yorkers. Of these, 130 units are designated for formerly unhoused young adults and their families, who will have access to onsite
supportive housing services provided by RiseBoro’s expert staff. These services include personalized case management, life skills development, counseling, crisis intervention, employment and education referrals, and opportunities for community engagement and leadership. Additionally, RiseBoro staff will offer mentoring and empowerment programs in collaboration with the nonprofit’s education initiative.

Considered one of the most sustainable affordable housing projects in New York City, the mixed use development was designed to meet Passive House standards and achieve PHIUS certification. The all electric Passive House project will incorporate rooftop solar PV equipment and will use zero fossil fuels for heating and other operations.

The 181,324 square foot building will feature 3,800 square feet of community space, 1,600 square feet of ground floor retail, and a mix of studio, one, two, and three bedroom apartments. Common area amenities include a fitness center, a community room, a yoga studio, a children’s playroom, laundry facilities, outdoor recreational areas, a roof deck, and bike storage.

Financing for the $146 million project includes Low Income Housing Tax Credits, tax exempt bonds, an acquisition loan from the Corporation for Supportive Housing, and support from the New York City Department of Housing Preservation and Development, the New York City Housing Development Corporation, and the Goldman Sachs Urban Investment Group.

Client- Slate Property Group, Rise Boro Community Partnership