HELP USA Unveils $129M Affordable Housing Milestone in East New York

HELP USA Unveils $129M Affordable Housing Milestone in East New York

In a significant move to address the affordable housing crisis in New York City, HELP USA marked the opening of HELP ONE, a pioneering affordable and supportive housing complex in East New York, Brooklyn. With a whopping $129 million investment, this development brings 255 new apartments to the market, dedicating 154 units to formerly homeless adults and young families, showcasing a formidable commitment to social welfare and community development.

A Beacon of Hope in Brooklyn

At a ribbon-cutting ceremony attended by a diverse group of government officials, community representatives, and residents, HELP ONE celebrated its official opening. This development is not just a collection of buildings but a beacon of hope, highlighting New York City’s and New York State’s dedication to expanding access to safe, affordable housing for the most vulnerable citizens.

Chris Banks, NYC Council Member for District 42, praised the initiative, emphasizing its significant impact on East New York. “HELP USA’s $129 million investment is not merely about buildings but about laying down the foundation for stability and self-sufficiency for formerly homeless adults and young families,” Banks noted.

Deputy Mayor for Housing, Economic Development, and Workforce Maria Torres-Springer highlighted the project’s alignment with broader efforts to solve the city’s housing supply crisis. “HELP ONE is a testament to what we can achieve when city, state, and private partners collaborate to address the intertwined needs of our community,” she stated.

The Power of Partnership

HELP ONE’s realization was made possible through a robust partnership involving HELPDevCo, the NYC Department of Housing Preservation and Development, NYC Housing Development Corporation, New York State Office of Temporary and Disability Assistance, Bank of New York Mellon, Regions Affordable Housing, and the New York State Energy Research and Development Authority. This collective effort underscores the importance of collaboration in tackling significant societal issues.

The project also includes contracted supportive services with the New York City Department of Health and Mental Hygiene and coordination with the New York City Human Resources Administration, ensuring that residents have access to comprehensive care and support.

A Legacy of Support

The site of HELP ONE holds historical significance, being the location of HELP’s first family shelter established in 1986 by former New York State Governor Andrew Cuomo. This initiative set a precedent for public-private partnerships in developing transitional and permanent affordable housing, with HELP USA continuing this legacy nearly 40 years later in East New York.

Comprehensive Support and Sustainability

HELP ONE offers housing and a wide range of supportive services to ensure residents’ well-being and integration into the community. These include mental health counseling, parenting classes, and employment assistance. The project also stands out for its sustainability efforts, having been recognized in NYSERDA’s Buildings of Excellence Competition for its energy-efficient and environmentally friendly design.

Looking Forward

HELP ONE is just the beginning of a more ambitious plan to add over 500 affordable apartments in East New York and create upwards of 2,000 new jobs. This initiative underscores HELP USA’s long-term commitment to Brooklyn and its mission to combat homelessness across the nation.

As HELP ONE opens its doors to residents, it represents a significant step forward in the fight against homelessness and the struggle for affordable housing in New York City. By providing a safe, stable foundation for the most vulnerable, HELP USA is not just building apartments but fostering communities and hope for a better future.

Source: https://finance.yahoo.com/news/help-usa-129-million-investment-201900344.html