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East Williamsburg, a Brooklyn industrial zone, just won $20 million to build a ‘downtown.’ To get the money, it had to promise more housing.

East Williamsburg won $20 million from New York State's Downtown Revitalization Initiative, with strings attached requiring new housing development in the industrial Brooklyn neighborhood.

East Williamsburg, a Brooklyn industrial zone, just won $20 million to build a ‘downtown.’ To get the money, it had to promise more housing.
Governor Kathy Hochul, joined by Brooklyn officials and community leaders, marks East Williamsburg's 0 million Downtown Revitalization Initiative and NY Forward award on June 3, 2026.
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East Williamsburg just landed a rare windfall. On June 3, Governor Kathy Hochul named the neighborhood the New York City winner of the ninth round of the Downtown Revitalization Initiative and the fourth round of NY Forward, a combined $20 million award. There is a catch, and it is bigger than the check. The money does not get spent yet, it comes with strings tied to housing, and it lands on an industrial neighborhood that does not obviously have a ‘downtown’ to revitalize in the first place.

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Featured image: Office of Governor Kathy Hochul

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