385 Permanently Affordable Homes in East New York
Phase 1A includes public and private sources, including Federal Low-Income Housing Tax Credits from HCR that are expected to generate more than $115 million in equity, and more than $47 million in HCR subsidy. Additional support comes from Goldman Sachs Alternatives’ Urban Investment Group and the New York City Department of Housing Preservation and Development, along with other public and private partners. Operating funding for the supportive apartments is provided by the Empire State Supportive Housing Initiative administered by the New York State Office of Temporary and Disability Assistance.
Phase 1B is being developed with support from JPMorgan Chase, the New York City Housing Development Corporation, Red Stone Equity Partners and the New York City Department of Housing Preservation and Development.
New York State Homes and Community Renewal Commissioner RuthAnne Visnauskas said, “Innovative Urban Village is a powerful reminder of what we can achieve together. Today we’re not just opening doors to 385 new affordable homes — we’re celebrating a community‑driven vision becoming reality. With hundreds more homes on the way with resources that people need, this project is delivering affordability, opportunity, and a brighter future for East New York. We’re grateful to Governor Hochul, Mayor Mamdani, the Christian Cultural Center, Gotham Organization, Monadnock Development and all of our public and private partners for their shared commitment to making New York more affordable. We look forward to welcoming even more residents home as Innovative Urban Village continues to grow.”
Senator Charles Schumer said, “I’m proud that the federal Low-Income Housing Tax Credit, which I worked to protect and expand, will help generate $115 million to build 385 new affordable homes in East New York, Brooklyn. Innovative Urban Village will also include a child care facility and apartments reserved for survivors of domestic violence and individuals who have experienced homelessness, building on the legacy of service that defines this community. I commend Governor Hochul for her commitment to creating and preserving affordable housing across New York, and I thank the Christian Cultural Center family and Pastor Bernard for their partnership in making this development possible on the CCC campus. I will continue fighting for the federal resources needed to make more projects like this a reality.”
Senator Kirsten Gillibrand said, “Every family deserves a safe and affordable place to call home. I applaud the progress at Innovative Urban Village, which will bring much-needed affordable housing units to East New York and help revitalize the Brooklyn community. I will keep fighting to bring more federal resources to New York State to increase our affordable housing supply and ensure all New Yorkers have a safe and supportive place to call home.”
House Democratic Leader Hakeem Jeffries said, “When you work hard and play by the rules, you deserve to live an affordable life, a comfortable life and a good life. That means a good-paying job, good healthcare, a good education for your children and good, safe, affordable housing. I’m grateful to Pastor A.R. Bernard, Governor Kathy Hochul, Mayor Zohran Mamdani and all of their development partners for their work to bring the first phases of the transformative Innovative Urban Village to life so that more Brooklynites can afford to stay in our city and live the good life.”
State Senator Roxanne J. Persaud said, “I am thrilled to be part of the official ribbon cutting at the Innovative Urban Village, which upon completion will offer 2000 affordable homes. In a time when New Yorkers are struggling to afford necessities like housing, this campus equipped with supportive services is a huge step forward. Innovative Urban Village is one part of the solution to solve the city's housing crisis, and I am proud to stand beside other elected officials, developers and everyone who made this affordable housing vision a reality in East New York.”
Assemblymember Nikki Lucas said, “The Innovative Urban Village represents growth, opportunity, and a significant investment in the future of East New York. Today, we celebrate the completion of 385 permanently affordable apartments, marking an important milestone toward delivering nearly 2,000 affordable homes and apartments to our community. This development will help ensure that families who have built their lives in East New York can continue to live, work, and thrive here. I commend Governor Hochul, my colleagues in government, Reverend A.R. Bernard and the leadership of the Christian Cultural Center for their continued commitment to making this vision a reality.”
Gotham Organization President Bryan Kelly said, “Today, we are opening the doors to more than a building; we are delivering the first piece of a community shaped by years of partnership with Reverend Bernard, Christian Cultural Center, and the residents of East New York. Phase 1A demonstrates what is possible when housing, community amenities and programming, and neighborhood resources are planned together. With Phase 1B now topped out, we are also celebrating the momentum behind the next 453 homes and child care facilities that will continue bringing the broader Innovative Urban Village vision to life.”
Christian Cultural Center Founder and Senior Pastor Reverend A.R. Bernard said, “Innovative Urban Village grew from a belief that housing should be connected to the full range of resources people and families need to thrive. This ribbon cutting turns that belief into a lived reality for hundreds of New Yorkers. It is a powerful moment for East New York, and an important step toward the inclusive, sustainable community our partners and neighbors have envisioned together.”
Brooklyn Borough President Antonio Reynoso said, “Innovative Urban Village is a landmark development that will deliver thousands of new permanently affordable homes to East New York. With investments in community infrastructure including new parks, grocery stores, health care facilities, and culture spaces, Innovative Urban Village is a project that thinks holistically about East New Yorkers and their needs. I am thrilled to mark this milestone, and I thank Governor Hochul and all the partners for helping bring Innovative Urban Village to life.”
New York City Councilmember Chris Banks, “The Innovative Urban Village (IUV) represents an important step toward addressing the housing crisis and meeting the needs of families throughout the 42nd Council District. I want to recognize Pastor A.R. Bernard and the Christian Cultural Center for their vision and commitment to bringing this project to our community, along with the team at Monadnock Construction. With housing costs continuing to rise, we need developments that provide working families, seniors, and longtime residents with a meaningful opportunity to remain in the neighborhoods they call home. Projects like IUV demonstrate the importance of creating housing opportunities that support affordability, strengthen communities and help residents build a more secure future. IUV also serves as a model for future housing developments across the district, demonstrating what can be accomplished when government, community leaders, faith-based institutions, and development partners work together toward a shared goal of expanding housing opportunities and addressing the needs of local residents.”
Goldman Sachs Chairman and CEO David Solomon said, “Addressing housing affordability requires investment not only in homes, but also in the broader resources that help communities thrive. Innovative Urban Village is a powerful example of how a shared commitment to opportunity can contribute to the long-term growth of East New York. Goldman Sachs is proud to support this transformative development and celebrate this important milestone alongside our partners.”
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