"Vacant Lot in Bed-Stuy Revitalized with Affordable Housing," - Real Estate Rama

Albany, NY - September 17, 2009 - (RealEstateRama) — DHCR Commissioner Deborah VanAmerongen recently joined elected officials and community leaders at 1825 Atlantic Avenue in Brooklyn’s Bedford-Stuyvesant neighborhood to celebrate the opening of Atlantic Avenue Apartments. The once blighted block is being revitalized thanks to the seven story building with 149 units of ENERGY STAR-rated affordable housing.

DHCR provided $3 million for the development, which will have gross rents ranging from $196 to $1,430 a month. The 30 three-bedroom, 74 two-bedroom, 34 one-bedroom, and 12 studio apartments reserved for mentally disabled tenants, will help alleviate the housing needs of this neighborhood.