NEWYORK: New York City Mayor Eric Adams, New York City Economic Development Corporation (NYCEDC) President and CEO Andrew Kimball, and New York City Department of Housing Preservation and Development (HPD) Acting Commissioner Ahmed Tigani today announced next steps in the Adams administration’s bold vision for the future of Coney Island, Brooklyn that will deliver approximately 1,100 homes — including over 720 affordable and supportive homes — to New Yorkers.
Mayor Adams announced that the city will partner with BFC Partners Development LLC to continue the success of the ongoing Coney Island project with Coney Island Phase III, which will bring 420 additional affordable homes to the area.
To help support this development — which will also include roughly 10,700 square feet of commercial space and approximately 9,700 square feet of community facility space — the Adams administration will contribute over $90 million in subsidy to this project.
Additionally, the New York City Housing Development Corporation (HDC) is issuing bonds to support a $116 million construction loan. Moreover, Mayor Adams announced that the city will partner with Settlement Housing Fund Inc. to build 178 more units of affordable and supportive housing as part of the Coney Landing Project nearby.
Finally, after receiving a robust response to its request for proposals (RFP) earlier this year to build over 500 new units of housing on a city-owned lot along Surf Avenue, NYCEDC is aiming to select a developer by the end of the year to bring the project to life. When combined, all three projects will create approximately 1,100 new homes across Coney Island in the next three years.
The progress comes as the city is investing in new streets, sewers, and public realm improvements in Coney Island, including a $42 million renovation of the Abe Stark Sports Center. Today’s announcement continues Mayor Adams’ “City of Yes for families” plan to create thousands of new homes across the city and build more family-friendly neighborhoods from Coney Island to Inwood.
City of Yes for Families builds on the Adams administration’s record as the most pro-housing administration in New York City history.
In addition to creating record amounts of affordable housing two years in a row, passing the first citywide zoning reform in 60 years, and advancing five neighborhood plans to create jobs and new housing across the city, new housing creation through City of Yes for Families will help New York City reach Mayor Adams’ moonshot goal of creating 5,00,000 new homes by 2032.
“Finding a home in Coney Island should not be a rollercoaster ride. That’s why we’re creating 1,100 new homes in this neighborhood so that more families can live in this iconic New York City community,” said Mayor Adams.
“Along with tens of millions of dollars for new streets, sewers, and a renovated ice rink, these homes will make sure that Coney Island is not only a great place for families to spend time together but also a great place to live as well. But we’re not stopping with Brooklyn — our administration is shattering affordable housing records, year after year, and advancing generational projects across all five boroughs to make New York City the best place to raise a family.”
“From Nathan’s to Deno’s, there’s nowhere quite like Coney Island. We want to make sure that more families can afford to live in this iconic neighborhood, which is why our administration is advancing ambitious projects to bring roughly 1,100 new homes to the area,” said Deputy Mayor for Housing, Economic Development, and Workforce Adolfo Carrion, Jr.
“Ultimately, though, these are more than just numbers in a press release. These are real homes where families will develop and grow. They are the reason this work is so important and the reason we are proud to call ourselves the most pro-housing administration in New York City history.”
“These new housing investments in Coney Island reinforce the Adams administration’s continued legacy as the most pro-housing administration in recent history,” said Executive Director for Housing Leila Bozorg.
“Together, HPD, EDC, and their many public- and private-sector partners are going to bring thousands of units to Coney Island that will further elevate Coney Island’s history as one of the city’s most dynamic and heralded communities.”
“Our mission is as clear as it is urgent: to make sure that every New Yorker has a safe, stable, and affordable place to call home. Delivering more affordable housing in Coney Island is an opportunity to invest in a community with deep roots, to support an area with enduring cultural significance, and to open up thousands of new homes for families across the five boroughs,” said HPD Acting Commissioner Tigani.
“Today, our administration is not just making progress — we’re building momentum. From Inwood to Coney Island, HPD and the entire Adams administration is driving forward with a deep commitment to creating a fairer, more accessible city across every zip code.”
“These transformative housing investments in Coney Island are not only creating homes — they’re fueling economic growth, generating good-paying jobs, and laying the foundation for a more vibrant local economy,” said NYCEDC President and CEO Kimball.
“Under the Adams administration, there has been historic momentum and investment to ensuring that Coney Island’s future is as dynamic and inclusive as its storied past.”
Coney Island Phase I — completed in 2023 — created 446 affordable housing units as well as 15,000 square feet of retail space and 66,000 square feet of new office space for use by the New York City Housing Resources Administration.
Coney Island Phase II continued those efforts with another 376 units, including 57 set aside for formerly homeless individuals, as well as 11,000 square feet of retail space, 9,000 square feet of community space, and a 2,500 square-foot NYC Health + Hospitals health care facility. With Coney Island Phase III at 1709 Surf Avenue, the Adams administration will help bring another 420 units to the site for a total of over 1,200 homes across all three phases.
Additionally, the Coney Landing development nearby at 2952 West 28th Street will include one residential building with 178 units of affordable and supportive housing, as well as one superintendent unit. That will include 108 units of supportive housing available for tenants earning 30 percent of the area median income (AMI) or below, as well as another 62 units of affordable housing available for tenants earning 60 percent AMI or below.
Additionally, eight units will be designated part of the New York City Housing Authority’s (NYCHA) Project-Based Voucher program, offering Section 8 rental assistance to the occupants of those units. The Adams administration will contribute over $40 million in subsidies to this project, while HDC will also issue bonds to support a $60 million construction loan.
Moreover, the Adams administration is advancing plans for more than 500 mixed-income homes — 25 percent of which will be affordable — and additional parking for the public along Surf Avenue between West 21st and West 22nd Streets, a location known as “Parcel A.” Along with Parcel A, the city will advance the development of nearly 1,500 new homes on city-owned sites near the ballpark, boardwalk, and Abe Stark Center.
Development of this area, known as “Coney Island West,” began with the construction of two affordable housing projects — Surf Vets Place and Raven Hall — which opened in 2019 and 2022, respectively. An additional affordable housing project — Luna Green — is currently under construction on the same block and another residential building is in the planning phase.
New streets — Ocean Way and West 20th — were recently completed to accompany development, with two additional streets expected to accompany the later stage of development. The result will be a vibrant beachfront district where Coney residents and visitors live, work, and play.
Following the rezoning of Coney Island in 2009, the area has undergone a remarkable revitalization fueled by public-private partnerships. NYCEDC, in partnership with city agencies and the Metropolitan Transportation Authority, has catalyzed this transformation with over $750 million in public investment over the past 15+ years — revitalizing the amusement district, generating over 3,400 new homes, and delivering neighborhood infrastructure like new sewers and streets.
“We are deeply grateful for the advocacy and support of City Hall, HPD, HDC, and our local elected officials. Transformative developments like Coney Phase III would not be possible without their partnership and tireless efforts,” said Win Wharton, principal, BFC Partners.
“At BFC Partners, we remain committed to building and preserving high-quality affordable housing. We are especially proud of our work in Coney Island, where projects like this play a vital role in strengthening and stabilizing New York City’s neighborhoods.”
“Settlement Housing Fund is incredibly proud to partner with HPD and HDC on this impactful project, which will bring 178 much-needed affordable and supportive homes to Coney Island, replacing a surface parking lot with a resilient new 15-story development. With 60 percent of units dedicated to supportive housing for formerly homeless individuals and families, and additional affordable apartments ranging from 30 percent to 60 percent of the Area Median Income, this project stands as a powerful response to the strong need for more affordable housing across New York City,” said Judy Herbstman, president, Settlement Housing Fund.
“We’re especially proud that our supportive housing units will be LGBTQ+ affirming, with dedicated on-site services provided by the Jericho Project, tailored to the unique needs of our supportive housing residents. Designed to meet the highest standards of sustainability — including Passive House certification and geothermal energy systems — this building will be a model of resilience, accessibility, and green design. This project would not be possible without the dedication and collaboration of our partners, and we look forward to seeing it grow into a lasting home for our future residents.”
