The Sunset Gardens project entails a partial 40-year Article XI tax exemption for an affordable housing building comprising 81 units in Brooklyn. This initiative involves the conversion from HUD's PRAC program to RAD, providing Section 8 rental assistance, completing $700,000 in repairs, and maintaining affordability for households at 50% AMI.
This decision ensures long-term affordability and improved living conditions for low-income elderly and disabled individuals in Brooklyn.