PROJECTS

D’Addario Residence

PROJECT STATS

Completed March 2013
New Construction, Affordable, Supportive
Providence House
Mega Contracting
46 apartments, social services
Providence House
$12.7 million
Alphonse Diaz

Partner

Providence House was founded in 1979 by four Sisters of St. Joseph with the mission of housing and serving homeless women and formerly incarcerated women and their children. It operates housing residences in Brooklyn, Queens and Lower Westchester County and has to date served more than 13,000 women and children through its programs.

Scope of Work

Alembic Community Development has assisted Providence House in all aspects of its D’Addario Residence, including: preparation and submission of applications for financing to government agencies and foundations; completion of development and operating proformas; coordination of all predevelopment work including: environmental assessments; schematic design and construction document development; identification and selection of members of the development team; and project management.

The D’Addario Residence, located in the heart of Bedford-Stuyvesant, consists of 46 units — 35 studio units, ten one-bedroom apartments, and one one-bedroom unit for an on-site superintendent. Of the 46 units, 16 studios are for employed, chronically homeless single adult women, and the one-bedroom units are for chronically homeless families or families at serious risk of becoming chronically homeless. The balance of 19 studio units will reserved for employed, low-income community residents. Construction of The D’addario Residence is complete, and a ribbon cutting was held on May 10th, 2013.

Impact

  • The creation of 46 units of affordable housing for low-income and formerly homeless individuals and families in Brooklyn.
  • The enhanced capacity of Providence House staff through the delivery of technical assistance and training as the organization developed its first housing project using Low Income Housing Tax Credit equity.
  • The improvement of the Bedford-Stuyvesant neighborhood by developing housing on a previously vacant lot.

OTHER PROJECTS

[my_elementor_php_output]