Various Locations, Brooklyn, NY

BEC II is the second phase of an affordable housing preservation project that Hudson is pursuing in partnership with BEC New Communities. In total, the project will see 762 units across 56 properties rehabilitated and preserved as affordable housing.

BEC II is comprised of 550 units across 43 properties, as well as thirteen commercial spaces. The properties are spread throughout Brooklyn, though are primarily concentrated in the Bed-Stuy and Crown Heights neighborhoods. These units, which are occupied today, will be preserved as affordable housing for New York families earning 60% of area median income (AMI) or less for at least the next thirty years. A portion of the units will also be set aside for formerly homeless New Yorkers. None of the existing residents will be displaced from their homes as a result of Hudson’s rehabilitation of the portfolio.

Over the course of approximately two years, Hudson will implement a broad scope of improvements in these properties. Exterior work will include repointing of masonry, new windows, and new roofs. Building system improvements such as new boilers will be implemented in the majority of buildings. Last, every unit in the portfolio will receive a new kitchen and bathroom. All of the improvements are designed to meet the Enterprise Green Communities standards for energy efficiency and environmental sensitivity. For instance, new energy efficiency LED lighting will be installed and all plumbing improvements will use low flow fixtures. Construction is set to begin in summer 2017 and be completed in fall 2019.

Hudson is leading a development partnership that includes BEC New Communities (the current owner of the portfolio), Richman Housing Resources, and Citi Bank. Hudson is working closely with NYCHPD and NYCHDC on the acquisition, pre-development, and financing of the project. Construction will be completed by Notias Construction and Broadway Builders.

Project Summary

  • 550 units across 43 properties
  • Approximately 660,000 gross square feet
  • 13 ground floor retail spaces
  • Construction scheduled for 2017 with completion in 2019
  • Design by Aufgang Architects and Heritage Architects
  • Financed by HDC, HPD, Richman Housing Resources, and Citi Bank

Site design by Naiad Design