Real Estate and Community Development

Logan Fountain

Located at 265 Logan Street, Logan Fountain is New York City’s second development designed with a hybrid model, which aligns permanently affordable, supportive, and transitional housing into one place, concentrating financial resources into two separate components on a single site — affordable housing
and a shelter. 

Logan Fountain is creating affordable housing, transitional housing, ground-floor retail space and a 169-bed homeless
shelter in a single thirteen-story building from an old gas station, which typifies the best in mixed-use affordable housing and community development. 

Financing for $97 million of the project was provided by a loan from Citibank backed by a contract between H.E.L.P. USA and the New York City Department of Homeless Services. Additional financing came from the New York State Housing Finance Agency tax-exempt bonds, a Letter of Credit from Citi, New York City Department of Housing Preservation and Development subsidy monies, tax credit equity with syndicator Hudson Housing Capital backed by investor J.P. Morgan Chase and Reso A funding directed by former NYC Council Member Rafael Espinal.

Photo provided by MHG Architects.
Photo provided by MHG Architects.

Goldstein Hall’s Role

Goldstein Hall’s Role

Goldstein Hall served as counsel for H.E.L.P. USA on the Shelter portion of Logan Fountain, a creative new construction project in Central Brooklyn, within the 2016 East New York rezoning area. Logan Fountain is an essential piece of the 2016 East New York rezoning, which will bring over $16 million of capital investments to the neighborhood. To bring the rezoning to fruition, New York City engaged tirelessly with the community to produce the East New York Community Plan, which memorializes the City’s commitment to prioritize the area’s need for improved infrastructure, community facilities, affordable housing, green space and small business support.
Join our newsletter and get 20% discount
Promotion nulla vitae elit libero a pharetra augue