267 Rogers Ave., Crown Heights, Brooklyn/ Google Maps

NEW YORK CITY—Heights Advisors, an organization which invests in nonprofits focused on social change and also looks for a financial return, and Samaritan Daytop Village, a national human services organization, have opened transitional housing for homeless people in Crown Heights, Brooklyn. They received $51 million provided by Merchants Capital through the Freddie Mac Affordable Housing Capital Markets Execution loan program.

The funds are supporting the 165-unit homeless shelter at 267 Rogers Ave. The project was first announced in 2014. DNAinfo reported that subsequently, the Crown Street Block Association filed a lawsuit to prevent the facility from opening. In May 2017, after 10 families had moved in, a judge passed a temporary restraining order to prevent any other people from moving into the shelter.

In June 2017, a Brooklyn judge overturned the order and allowed the shelter to open. The judge had ruled the plaintiffs had failed to show that 267 Rogers would cause irreparable harm to the neighborhood. Subsequently, DNAinfo reported one-bedroom apartments were renting for as low at $931 per month.