Emerald Green
1426 Loring Avenue
Brooklyn, NY
Cost: $25,000,000
Completed: December 2001, Phase 1; July 2001, Phase 2
Special Funding/Financing: HDC’s 421-a Negotiable Certificate Program
Type: New Construction

184 apartments in a townhouse setting, each with individual thermostatically controlled heating and cooling. Tenant amenities include laundry rooms and on-site automobile parking. The first suburban set development under HDC’s 421-a Negotiable Certificate Program. The Program delivers real estate tax abatements to residential developments in Manhattan in exchange for sources of funds to construct affordable housing in the boroughs.