Coney Island to Add 1,100 More Units of Affordable Housing

Coney Island to Add 1,100 More Units of Affordable Housing
News| June 17, 2025| Paul Bubny
New York & Tri-State + Apartment Buildings

The Adams administration on Tuesday announced plans to bring 1,100 units of affordable and supportive housing to Coney Island. 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, the city will contribute more than $90 million in subsidies and the New York City Housing Development Corporation is issuing bonds to support a $116-million construction loan.

Additionally, 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 strong response to its request for proposals earlier this year to build more than 500 new units of housing on a city-owned lot along Surf Avenue, the New York City Economic Development Corporation intends to select a developer by the end of the year.

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