RED HOOK GARDENS HOUSING DEVELOPMENT

RED HOOK GARDENS HOUSING DEVELOPMENT AFFORDABLE HOUSING UNITS IN THE NEIGHBORHOOD OF RED HOOK, BROOKLYN.CARROLL GARDENS ASSOCIATION, INC. ACQUIRED 62 UNITS OF AFFORDABLE HOUSING IN RED HOOK FROM THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) IN 2002. RED HOOK GARDENS CONSISTS OF 31 TWO-FAMILY TOWNHOUSES, LOCATED IN FOUR NONCONTIGUOUS BUT CLOSE SITES: DWIGHT STREET, VERONA STREET, VISITATION PLACE, AND COFFEY STREET. APARTMENTS CONSIST OF 14 TWO-BEDROOM UNITS AND 48 FOUR-BEDROOM UNITS. CGA TRANSFERRED THE PROPERTY THROUGH A NOMINEE INTEREST TO THE RED HOOK GARDENS HOUSING DEVELOPMENT FUND CORPORATION, SOLE SHAREHOLDER OF THE RED HOOK GARDENS GP, WHICH ENTERED INTO LIMITED PARTNERSHIP WITH THE RED HOOK GARDENS LP FOR THE DEVELOPMENT.