MEDFORD NONPROFIT, JERICHO DEVELOPER OPEN HOUSING FOR VETS: Long Island Business News
By Adina Genn
November 21, 2019
Medford-based Concern for Independent Living has partnered with Jericho-based Gergica Green Ventures to open Surf Vets Place, a 135-unit supportive and affordable housing development for homeless veterans and low-income families in Coney Island, Brooklyn.
The development includes studio, one-, two-, and three-bedroom apartments, along with an exercise room, community room and computer room.
“It is a great honor to provide housing to the men and women who served our country and protected our freedoms,” Ralph Fasano, executive director of Concern for Independent Living, said in a statement.
“This housing represents the solution to getting our veterans out of shelters and into the high quality housing that they deserve,” he added. “It is the result of tremendous collaboration between New York State and New York City, along with a talented, committed development team.”
David Gallo, president of Georgica Green Ventures, said he was grateful “for the opportunity to provide much needed quality affordable housing, along with our partner, Concern for Independent Living. This wouldn’t have been possible without the support, hard work and determination of all our important partnerships.”
Nixon Peabody, which has an office in Jericho, advised Concern for Independent Living in this project.
“It takes all the creativity of market leaders like Concern for Independent Living and Georgica Green Ventures to make supportive housing projects like Surf Vets Place come to life,” Aaron Yowell, a partner at Nixon Peabody’s Affordable Housing and Real Estate practice, said in a statement.
Funding was provided by New York State’s Home and Community Renewal, Office of Mental Health, Office of Temporary and Disability Assistance, Office of Alcoholism and Substance Abuse Services; New York City’s Housing Preservation and Development, and Housing Authority; along with BNY Mellon and National Equity Fund.
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