CAMBA Housing Ventures, Inc. Begins Construction on $237.9 Million Affordable, Supportive, and Passive House Development as Part of $1.4 Billion Vital Brooklyn Initiative

Clarkson Estates façade

Clarkson Estates Will Provide 328 Units of Permanently Affordable and Supportive Homes to Low-Income and Formerly Homeless Individuals and Families

Passive House Development Will Offer CAMBA Inc.’s Onsite Supportive Services and Over 30,000 Square Feet of Community Facility Space to Support Healthy and Thriving Communities

CAMBA Housing Ventures, Inc. (CHV) announced the start of construction on its $237.9 million affordable and supportive housing development, which is part of the State’s $1.4 billion Vital Brooklyn initiative. CHV’s new development, known as Clarkson Estates, will have 328 units of permanently affordable and supportive homes for low-income and formerly homeless populations, including youth aging out of foster care, formerly incarcerated individuals, formerly homeless young adults, and formerly homeless families. Clarkson Estates, located in the Flatbush neighborhood of Brooklyn, will feature more than 30,000 square feet of community facility space and nearly 15,000 square feet of parking. It will be a Passive House development, which is a voluntary standard for energy-efficiency to reduce Clarkson Estate’s ecological footprint, provide superior air quality, and reduce energy use and residents’ utility bills.

New York’s $1.4 billion Vital Brooklyn initiative is an ongoing community development program targeting and investing in eight integrated areas, from healthcare to housing, establishing a new standard for addressing chronic economic and health disparities in Central Brooklyn’s underserved communities. The Vital Brooklyn initiative will ultimately create 4,000 affordable homes in Central Brooklyn’s neighborhoods. Clarkson Estates is CHV’s second Vital Brooklyn development. The first, The Hart, is currently under construction in Bedford-Stuyvesant, Brooklyn, and will provide 57 units of much needed affordable and supportive housing for the frail elderly, formerly homeless families, and low-income households. Governor Kathy Hochul is building on this successful initiative with a proposal for a new $25 billion, five-year Housing Plan that will create and preserve an additional 100,000 affordable homes in urban and rural areas across New York, including 10,000 with supportive services. Read Governor Hochul’s announcement here.

Joanne M. Oplustil, President and CEO of CAMBA/CHV said, “We are thrilled to begin construction on our second Vital Brooklyn initiative development, which will provide much-needed affordable housing and the necessary support systems for the most vulnerable among us. Clarkson Estates will be a place to live, work, retreat, grow, engage, and be inspired.”

David A. Rowe, Chief Administrative Officer of CHV said, “Clarkson Estates is a culmination of CHV’s model of housing as healthcare and our dedication to design standards that instill a sense of dignity for our residents. As we continue to invest in the Flatbush neighborhood, this development represents a true collaboration between committed public and private partners to bring a transformative asset to Brooklyn. CHV has proudly worked with the Vital Brooklyn team and our dedicated funders to create a model for design excellence, sustainability, and amenity-rich housing.” 

Clarkson Estates will transform the site in Flatbush, Brooklyn, which was formerly owned by The Health Science Center at Brooklyn Foundation, Inc. and used as a parking lot for SUNY Downstate Medical Center. Clarkson Estates further expands CHV’s focus on co-locating housing and healthcare to combine affordable housing and community resources to address the socio-economic determinants of health. CHV’s proven model of supportive services, nearby healthcare and on-site amenities helps transition families from survival to stability and success. CAMBA, Inc. will be onsite to provide supportive services and programming available to all residents, including tailored case management. Onsite community resources are focused on supporting economic development and workforce training, youth development and violence prevention, adult education and financial literacy, access to healthy food, recreation, and health and wellness.

The Dr. Roy A. Hastick, Sr. Community Hub will feature over 30,000 square feet of community facility space. It will be home to a CAMBA Economic Development and Workforce Training Center, a CAMBA Health Homes and Screening Center, a CAMBA Adult Education and Financial Literacy Office, a CAMBA Small Business Incubator, a CAMBA CURE Violence Prevention and Mediation Center, a CAMBA Youth Education and Development Center, a CAMBA Food Pantry, a café, a childcare facility, and a full court basketball gym open to the community. These programs are a result of community engagement with local elected officials to ensure the development meets the immediate and ongoing needs of residents and the neighborhood.

Clarkson Estates is a transit-oriented development built to attain a rigorous, quantifiable level of energy efficiency. The project will pursue Passive House certification, will include a photovoltaic solar array ready option, and has received funding through HCR’s Clean Energy Initiative. These sustainability measures achieve lower operating expenses, reduce the impact on our natural resources, and provide healthier buildings for the residents and neighborhood.

The 328 units of affordable and supportive housing will be a mix of studios, one-, two-, and three-bedroom units at 30%, 40%, 50%, and 70% area median income (AMI), with 50% of the units (164 units) set aside for formerly homeless populations, including youth aging out of foster care, formerly incarcerated individuals, formerly homeless young adults, and formerly homeless families. There will be one unit for a live-in superintendent. Clarkson Estates will be a 9-story brick and metal panel contextual building and feature a double-height lobby at both the residential and community facility entrances with plentiful access to natural light throughout the common spaces. CHV’s latest development will be packed with amenities, including free Wi-Fi in units, 24/7 front desk security to enhance safety, extensive landscaping including courtyards and rooftop terraces to encourage socializing, a teaching kitchen for nutrition workshops, children’s playroom, computer room, indoor fitness center, laundry on every floor, flexible community rooms, bike storage, live-in superintendent, and curated local art throughout the building. CHV builds amenity-rich housing to promote health and wellbeing and provide an invigorating living environment for our residents.

Financing for Clarkson Estates includes $104.8 million in New York State Housing Finance Agency Private Activity Bonds, enhanced by a $105.6 million direct-pay Letter of Credit provided by the Urban Investment Group within Goldman Sachs Asset Management. Goldman Sachs Asset Management additionally provided $101 million in equity generated by Federal Low-Income Housing Tax Credits, syndicated by CREA, LLC, an affordable housing tax credit syndicator. New York State Homes and Community Renewal has issued $77 million in subsidy which includes $2.5 million from the Clean Energy Initiative and $13.6 million from the Federal Housing Trust Fund. The New York State Office of Temporary and Disability Assistance is providing $10 million through the Homeless Housing Assistance Program, and Empire State Supportive Housing Initiative is providing rental and service subsidies for the 164 supportive units. The Federal Home Loan Bank of New York Affordable Housing Program is providing $2.5 million in support.

Clarkson Estates is projected to be completed in spring of 2026. CHV, CAMBA, CetraRuddy Architecture, Bruno Frustaci Contracting, and the entire development team are committed to identifying local and minority hiring opportunities and ensuring Clarkson Estates has a positive local economic impact during and after the construction period. Clarkson Estates promises to provide an anchor of affordability, opportunity, and empowerment for the Flatbush community.

Governor Hochul said, “Clarkson Estates continues our progress expanding access to essential services and quality affordable housing for Central Brooklyn’s historically underserved neighborhoods. Through the Vital Brooklyn initiative, we are improving the health and quality of life of Central Brooklyn’s residents while complementing our statewide efforts to address the housing shortage and build a more equitable New York for all.”

New York State Homes and Community Renewal Commissioner RuthAnne Visnauskas said, “Clarkson Estates is a tremendously exciting and multifaceted project that will be transformative for the entire Flatbush community. With 328 affordable homes in a highly energy efficient building, on-site supportive services, and an expansive community center offering an array of educational, health-focused, and recreational programming, the development is an investment in a more vibrant and greener future for Central Brooklyn. Thanks to Governor Hochul, Central Brooklyn’s residents are getting improved access to the economic, health and housing opportunities they need and deserve. Congratulations to CAMBA Housing Ventures for achieving this milestone as we work together on a project that will benefit this community and its residents for decades to come.”

Empire State Development President, CEO and Commissioner Hope Knight said, “Today marks a momentous occasion as we break ground on Clarkson Estates, a beacon of opportunity that will bring affordable housing, community programming, and critical resources to Central Brooklyn residents. By investing in the health, education, economic mobility and empowerment of local families, we take one step closer to a Brooklyn where everyone can access stable housing and the support they need to thrive.”

NYSERDA President and CEO Doreen M. Harris said, “New York’s comprehensive strategies to reduce emissions statewide is also ensuring that all residents have access to modern, comfortable and energy efficient homes. Clarkson Estates provides safe affordable housing that delivers support while incorporating features that lower energy costs for some of our most vulnerable New Yorkers.”

New York State Office of Temporary and Disability Assistance Acting Commissioner Barbara C. Guinn said, “The creation of new permanent supportive housing is central to our efforts to reduce homelessness across the state. When completed, Clarkson Estates will provide formerly homeless families and individuals with long-term housing stability and access to essential supportive services on-site. Governor Hochul rightly recognizes the power of supportive housing to transform the lives of some of our most vulnerable fellow New Yorkers.”

State Senator Zellnor Myrie said, “Affordable housing is in short supply for the New Yorkers who need it most. That’s why I’m so excited about Clarkson Estates, which will provide needed homes for residents in our community. I’m grateful to CAMBA and the other partners for helping make this a reality.”

Assemblymember Brian A. Cunningham said, “As rising costs strain family budgets and cause displacement in Flatbush, affordable housing is more important than ever. Clarkson Estates will deliver much-needed housing and supportive services for at-risk residents, as well as space for crucial community programming. This development will honor the service and contributions of Dr. Roy A. Hastick, Sr., who dedicated so much to community building in the Caribbean diaspora.”

“At the Federal Home Loan Bank of New York, we know that a supportive, stable and affordable home is the foundation from which we grow as individuals, and that the creation of this housing is how we grow as communities,” said José R. González, President and CEO of the Federal Home Loan Bank of New York. “We were honored to partner with our member, HSBC Bank, to award CAMBA Housing Ventures with a $2.5 million Affordable Housing Program grant for Clarkson Estates in 2021, we are thrilled to see construction begin on these units today, and we look forward to the incredible impact these homes will make on their residents and the surrounding community in the years to come.”

Marie Pedraza, Vice President and Senior Regional Community Development Manager, HSBC Bank said, “HSBC Bank is proud to be a partner with CAMBA Housing Ventures, the Federal Home Loan Bank of New York, the State of New York, and other agencies in bringing this important next phase of Vital Brooklyn online. HSBC has been a supporter of CAMBA Housing Ventures for almost 15 years, providing financing and grant capital to help CAMBA Housing Ventures achieve its housing goals and transform neighborhoods throughout New York City. We deeply appreciate the opportunity to work with CAMBA Housing Ventures and value their work in Brooklyn and throughout New York City.”

Neala Martin, Senior Vice President, Originator, CREA, LLC said, “Developments like Clarkson Estates continue to push the envelope of what affordable housing can offer communities through robust supportive services and programming, resident and community integration and development, and green construction initiatives. This high-quality affordable housing development will be an indispensable addition to the community by increasing permanently affordable homes to New Yorkers. We could not be prouder to be involved in the realization of Clarkson Estates and look forward to seeing its impact on the community for years to come.”

“Affordability is a key driver of inclusive economic development. Through this investment, we will preserve affordability in one of Brooklyn’s most vibrant communities and partner with an experienced provider of supportive services to bolster access to housing and economic opportunity. We’re excited to see the impact that this project will have on its residents for years to come,” said Asahi Pompey, Global Head of Corporate Engagement at Goldman Sachs.

Eugene Flotteron, AIA, Principal in Charge, Director of Architecture, CetraRuddy Architecture DPC said, “As architects, we are excited to support CAMBA Housing Ventures’ mission and innovative approach to creating a healthy, inclusive community where indoor-outdoor connectivity and inspiring art-filled spaces deliver the most enriching and valuable programs possible for underserved Brooklyn residents. Clarkson Estates exemplifies CHV’s commitment to advancing design excellence, from the high sustainability standards of Passive House certification to the development’s welcoming and innovative architectural design approach. We are honored to be collaborating with CAMBA Housing Ventures on this important project that reflects the next chapter for affordable housing, creating homes that enrich the lives of their residents.”

Bruno A. Frustaci, Chief Operating Officer, Bruno Frustaci Contracting said, “After working closely with CAMBA Housing Ventures and the CetraRuddy Architecture team — from the RFP process through the design stages — we are excited to enter the construction phase and bring 328 units of much needed, high-quality affordable housing to Brooklyn.”

“Enterprise was proud to support CAMBA Housing Ventures’ predevelopment activities of Clarkson Estates with flexible, mission-driven capital,” said Baaba Halm, Vice President and New York Market Leader at Enterprise Community Partners. “This critically needed development will provide not only affordable homes to families in need, but a sense of stability and support for those who need it the most.”