WELCOME TO
Reid Park Rock
Our goal is to bring much-needed sustainable improvements to your homes, as well as strengthen the buildings systems and infrastructure. We'll also develop new amenities, on-site programming and services, and create job opportunities for local residents.
Improving for all generations
We take the responsibility of revitalizing your homes and neighborhoods seriously and see this as a collaborative effort with you and local leaders, alongside NYCHA, who will continue to own the properties. Together, we will build upon what makes each of your communities unique and invest in new resources and opportunities to help your neighborhood thrive while keeping rent affordable.
Reid Park Rock PACT Partners
Reid Park Rock PACT Partners are extremely excited to have been selected by NYCHA and resident leaders to restore the Reid and Park Rock homes to high-quality housing through the PACT program. We are a diverse team of experts with decades of extensive experience in affordable housing, planning, economic development, and knowledge of this community. Our goal is to bring much-needed sustainable improvements to homes, as well as strengthen the buildings systems and infrastructure.
Together, we will build upon what makes each of your communities unique and invest in new resources and opportunities to help your neighborhood thrive while keeping rent affordable.
PRESS RELEASE
Merchants Capital New York Provides $348 Million in Fannie Mae Financing for the Rehabilitation of 87 Brooklyn NYCHA Properties
NEW YORK (Feb. 15, 2024)—The New York office of financial services company Merchants Capital today announced that it has provided a $348 million Mortgage-Backed Securities (MBS) loan from Fannie Mae to support the rehabilitation of New York City Housing Authority (NYCHA)’s Reid Apartments and Park Rock Consolidated (Reid Park Rock), a $635.6 million Permanent Affordability Commitment Together (PACT) project that will bring comprehensive renovations for nearly 3,500 residents living in 87 buildings across Brooklyn.
