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Brooklyn Ecumenical Cooperatives

Program (?) Brooklyn Ecumenical Cooperatives
Abbreviation BEC
Program Description

Brooklyn Ecumenical Cooperatives (BEC) was an organization of 38 Roman Catholic and Protestant churches that worked to rehabilitate existing apartment buildings for low- and moderate-income households along Brooklyn’s downtown commercial corridors. It operated in the mid- to late-1980s. The city sold property to BEC for $1 per unit during the second phase of construction after initial rehabilitation. By focusing on buildings with 10 to 20 units, the BEC developed buildings that were too small to be economically feasible for the private-sector to develop. Apartments ranged in price from $3,169 to $9,800 for low-income households and $31,368 to $90,496 for moderate-income households. Forty percent of developed units were sold at the market rate, which at the time was $90,303 to $120,000 for the two bedroom apartments.

Benefit Classification (?)  
Supply or Demand Supply
One-Time or Ongoing One-Time
Benefit Type (?) Property
Government Agency (?) NYC Dept of Housing Preservation and Development
Program Information (?)  
Scale Small Scale (between 1 and 999 units produced)
Timeframe 1987-1989
Developer/Owners (?) Non-Profit
Property Information (?)  
Property Occupancy Occupied
Property Type Building
Building Type Multi-family
Construction Type Rehabilitation
Occupant Tenure (?) Homeownership
Occupant Income Restrictions (?) Low-Income, Moderate-Income
Other Targeting Information (?) Geographic Restrictions
More Information (Source)
Available on CoreData.nyc? No

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