Senior Housing

Fifth Avenue Committee to Bring the First Affordable Housing Development in a Decade to Sunset Park, Brooklyn

Fifth Avenue Committee (FAC)’s latest development will bring affordable homes for seniors to Brooklyn’s Sunset Park for the first time in nearly a decade.

“The housing crisis is especially acute for low-income seniors, so we wanted to focus on providing homes for them,” said FAC Project Manager Vincent DeCesare.

The proposed project would provide 84 affordable apartments for very-low income seniors in the immigrant-dense neighborhood southwest of Park Slope and Red Hook. Fifth Avenue Committee reached out to NeighborWorks Capital for a $400,000 loan for predevelopment costs for the new construction and rehab project in advance of securing a LIHTC allocation.

Helping CDC of Brownsville acquire and preserve much-needed affordable apartments in the nation’s poorest city

Three loans from NC helped CDCB acquire and preserve much-needed affordable rental housing in a deeply impoverished community in southern Texas

NC Attends Opening of Homeport’s Senior Apartment Homes In Ohio

Our 11th predevelopment loan to Homeport builds much-needed homes for seniors