$492 million PACT renovation completed at 1,600 unit Williamsburg Houses
Publication: New York Real Estate Journal
Brooklyn, NY NYCHA and partner team, RDC Development, a joint venture between Wavecrest Management and MDG Design & Construction, completed the $492 million comprehensive renovation of Williamsburg Houses as part of the Permanent Affordability Commitment Together (PACT) program. This project renovated over 1,600 apartments across 20 buildings (home to more than 3,000 residents), as well as building infrastructure, development grounds, shared spaces, a community center, two childcare facilities, and 19 commercial storefronts. Completed in 1938, Williamsburg Houses is one of the oldest NYCHA properties and was designated as a New York City Landmark in 2003 and listed on the U.S. National Register of Historic Places in 2021. Because of the historic status of the buildings, NYCHA was able to leverage $142 million in state and federal historic tax credits.
“This RAD/PACT redevelopment has provided thousands of Williamsburg Houses residents with modern, lead-free homes, ensuring these apartments stay affordable for future generations,” said HUD regional administrator for New York and New Jersey Alicka Ampry-Samuel.
“Over 23,000 NYCHA apartments have been renovated and preserved through RAD/PACT. Our partners also hired NYCHA residents through HUD’s Section 3 program, creating job opportunities and uniting contractors with HUD-subsidized workers. These extensive renovations not only preserved affordable housing but also safeguarded the historical significance of this landmark.”
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