Covington Garrett Intergenerational Home in Jamaica, Queens is only the second “grandparents” affordable housing project in New York State, and only one of a handful across the country. The 53,000 SF building, developed by The D&F Development Group, LLC, contains 52 affordable units. Thirty-three one-bedroom units will be set aside for senior citizens and 19 two-bedroom units will be set aside for grandparents who reside with their grandchildren.
Funding for the project was provided by Bank of America, N.A., the New York State Homes and Community Renewal, the Federal Home Loan Bank and the Queens Borough President’s Office. As counsel to the project’s nonprofit sponsor, Calvary Baptist Church of Jamaica, New York (Calvary), Goldstein Hall helped protect Calvary’s interests and promote its goals. Goldstein Hall helped Calvary achieve compliance with Internal Revenue Service and NYC Department of Finance requirements for its certificate of incorporation, created Calvary’s HDFC entity, gained NYS Attorney General and court approval for the project, and negotiated agreements to protect Calvary’s financial position within the project and its overall financial status.
Stakeholders: Calvary Baptist Church (represented by Goldstein Hall), The D&F Development Group, LLC, Queens Borough Presidents’ Office, NYS Homes and Community Renewal
Image Sources: (1st Thumbnail) Daily News, (2nd) D&F Development Group, (3rd) Calvary Baptist Church,