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The Grand in the South Bronx The Grand, in the South Bronx, developed by Thorobird Companies

NEW YORK CITY—Modular homes are sometimes referred to as “manufactured” instead of “constructed.” Now, New York City is funding a modular affordable housing project at 581 Grant Ave. in East New York, Brooklyn. The development will be one of the first in the state to use the method of stacking factory-produced apartment units to lower construction costs and increase efficiency. The city estimates this will reduce construction time 25% to 30%.

Betsy Kim

Betsy Kim is the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.

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