Habitat for Humanity Family Partner

Project Overview
• 53,000-square-foot multifamily building complex
• 41 units
• mix of one-, two- and three-bedroom condominiums
• A complex of three four-story buildings
• Construction completed in September 2009

Total Development Costs
• $11.6 million project
• Construction loan provided by Citibank
• $1.64 million from the New York State Affordable Housing Corporation
• $1.145 million from the New York City Housing Trust Fund
• $400,000 from the Brooklyn Borough President’s Office
• $820,000 from the Independence Community Foundation
• $308,000 from the New York State Affordable Housing Trust Fund
• Home sponsorships by Bank of America, Citi, Credit Suisse, Delta Air Lines, Goldman Sachs, and
Hilb Rogal and Hobbs, Southern Wine & Spirits, and others, and funding from NYSERDA, the Starr
Foundation, St. John’s University Campus Chapter, Thrivent Financial for Lutherans, United
Technologies Corporation and the US Department of Housing and Urban Development
• New York City’s Department of Housing Development and Preservation sold the land to Habitat-
NYC for $13

Habitat Homeowners
• Earn between 45% - 80% of the city’s area median income ($31,905 to $56,720 for a family of four)
• Work at least 300 hours per adult (to a maximum of 600 hours) to help build their homes
• Pay no more than 33% of their income on monthly housing expenses
• Are first-time homebuyers
• Qualify for the State of New York Mortgage Authority (SONYMA) Habitat for Humanity Mortgage
Program
• Sales prices start at $77,000, with an average sales price of $145,000

Volunteers
• About 10,000 volunteers helped to build the homes

Green Building
• Received LEED Gold certification
• Participating in pilot project with U.S. Green Building Council for LEED for Homes certification
• Built to ENERGY STAR standards
• ENERGY STAR appliances & lighting fixtures
• High-efficiency boilers
• Energy-efficient, low-emissivity windows
• Construction materials are non-toxic and sustainable
• Landscaped with drought-resistant plants and permeable paving
• Homeowners will be able to save an estimated 30 percent or more on their utility bills

Economic Impact
• Generate about $34.5 million in economic activity over the next 40 years
• Produce approximately $3 for every dollar invested, more than a 300 percent return on project
investment by Habitat-NYC and its supporters;
• Supported 111 jobs and create $20.45 million in economic activity during the two-year construction
phase alone;
• Funneled $2 million of that $20.45 million directly to businesses in Ocean Hill-Brownsville,
strengthening the economy of one of the city’s lowest-income neighborhoods.