HPD to finance modular development in East New York
A proposed 167-apartment development in East New York is one of the first projects using modular construction that the city’s Department of Housing Preservation and Development has selected to finance, the Wall Street Journal reported.
Modular construction refers to the off-site construction of prefabricated, factory-produced units (modules) that are then stacked on top of each other to form a full building.
The modules will be constructed by FullStack Modular at its factory in the Brooklyn Navy Yard. The proposal was submitted by a development team led by Thorobird Cos. and its local nonprofit partner, Bangladeshi American Community Development & Youth Services.