Governor Andrew M. Cuomo has announced CAMBA Housing Ventures, Inc. as one of four winning proposals that will collectively create affordable homes in central Brooklyn. CAMBA Housing Ventures (CHV) will develop “Interfaith Broadway: Site C” in Bedford-Stuyvesant as part of Governor Cuomo’s Vital Brooklyn’s affordable housing initiative. CHV is honored for this opportunity to implement its award-winning design excellence and repurpose One Brooklyn Health underutilized hospital property into much-needed affordable housing. CHV will transform Site C, located at 1038 Broadway, into 57 units of sustainable, supportive and affordable housing for formerly homeless individuals and families including the frail elderly, and units affordable to a variety of income levels. Site C will include One Brooklyn Health healthcare spaces, onsite CAMBA, Inc. services, and resident amenities including tenant gardening, fitness spaces and a community facility annex providing workforce development and access to CAMBA’s 160 programs. CHV looks forward to another successful partnership with Gov. Cuomo and the Department of Homes and Community Renewal (HCR) to create affordable housing opportunities in Central Brooklyn.
About CAMBA/CAMBA Housing Ventures, Inc.
Founded in 1977, CAMBA, Inc. is one of New York City’s largest community-based social services organizations. CAMBA annually provides services to more than 45,000 individuals and families in six core areas: Economic Development; Education and Youth Development; Family Support; Health, Housing and Legal Services. CAMBA clients are those who are: moving from welfare to work; individuals and families experiencing, at risk of or transitioning out of homelessness; individuals living with or at risk of HIV/AIDS; immigrants and refugees; children and young adults; entrepreneurs; and others struggling to overcome barriers to self-sufficiency. CAMBA provides 160 life-changing services at over 90 locations across New York City.
In 2005, CAMBA created CAMBA Ventures, Inc. (CHV), an affiliated development corporation. The mission of CAMBA Housing Ventures is to develop sustainable and energy-efficient buildings that provide safe and affordable housing for low-income and formerly homeless individuals and families. CHV’s portfolio of completed or in progress developments are located throughout New York City, including work-out acquisition, new construction, rehabilitation and preservation projects totaling 2,062 units and 2 million square feet of development representing over $628 million in public/private investment. CHV and CAMBA form a unique team comprised of a community based, award-winning nonprofit affordable housing developer and an experienced social service provider.