FAC partnered with the Northeastern Conference of Seventh-day Adventists and Mega Development to construct a new affordable housing building next to an existing senior housing development located in Jamaica, Queens. The10-story building is a $93.6 million project that will create 159 affordable apartments for low- and very low-income seniors, aged 62 and up, who are very low income – earning less than 50%of Area Median Income (AMI). All of the units will have Section 8 rental assistance subsidies, and 56 of the units are set aside for formerly homeless individuals. Wells Fargo is providing construction period financing and a low-income housing tax credit (LIHTC) equity investment, and the New York City Housing Development Corporation (NYC HDC) and the NYC Housing Preservation and Development (NYC HPD) are also providing reduced rate financing. Mega Contracting is the general contractor, and SM A Architects is the architect.
This project is FAC’s first undertaking outside of Brooklyn. The building has been constructed as an annex to the existing Northeastern Towers development. The two buildings will be connected, and community space inside of the Annex building will be available for use by residents of the existing the Towers building. The building includes a variety of spaces designed for healthful senior living that enables aging in place including a computer room, a wellness center, a yoga/exercise room, a personal care room, a large audio/visually equipped community room and roof garden, along with a laundry and adjacent television room on every residential floor. FAC’s affiliate Brooklyn Woods is providing computer desks and the building’s front desk. The shared parking area will feature solar panel canopies. HANAC will provide social services to the formerly homeless and other residents of the Annex building.