Governor Hochul announces completion of $ 91 million affordable housing development in the Bronx

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Governor Kathy Hochul today announced the completion of Arthur Avenue Apartments, a new $ 91 million affordable housing development with 177 apartments in the Belmont neighborhood of the Bronx. The development includes 54 apartments reserved for formerly homeless seniors in need of support services. The sustainably designed building includes 4,500 square feet of health-focused community space, including an indoor greenhouse with an educational kitchen, a functional vegetable garden for tenants’ use, and two landscaped outdoor terraces.

“New Yorkers deserve access to safe and affordable housing, especially the elderly and those who are struggling to make ends meet.” Governor Hochul said. “Arthur Avenue Apartments will bring much-needed affordable housing to the Bronx, helping New Yorkers most vulnerable to live in dignity and security.”

Arthur Avenue Apartments consists of a single nine-story building with 177 homes for households 62 years of age or older. Seventeen apartments are available for households earning at least 30 percent of the area’s median income and 105 apartments are available for households earning at least 50 percent of the MAI. 54 apartments are reserved for formerly homeless seniors with chronic health conditions, who will receive on-site support services and rent subsidies funded by the Empire State Supportive Housing Initiative and administered by the NYS Department of Health .

Support services include activities that promote socialization, life skills training, education and instructional groups based on fitness, nutrition education and cooking, and music therapy. The support service provider is Hebrew Home in Riverdale, also a co-developer of the project with Foxy Management.

The building was designed to meet the requirements of the Energy Star programs of the United States Environmental Protection Agency. Energy-efficient features include low-flow bathroom fixtures; LED lighting with motion detector in common areas; EnergyStar devices; a solar panel on the roof; efficient irrigation / water reuse system; high efficiency boiler and water heater; and finishes with a low content of volatile organic compounds “VOC”.

Residents of Arthur Avenue Apartments have access to a functional vegetable garden where they can grow their own food and share with the community, an indoor greenhouse connected to an educational kitchen and two outdoor terraces on the 8th floor connected to two large multi-purpose community rooms. Additional amenities include 24-hour security, on-site laundry, bicycle storage and an office suite for assistance services.

Nearby neighborhood services include the Bronx-Liban Hospital, St. Barnabas Hospital, several emergency care clinics, three libraries with programming for seniors, grocery and retail, a metro station and train station. Metro-North.

State funding for Arthur Avenue Apartments includes $ 19.2 million in tax-exempt bonds, federal low-income housing tax credits that generated $ 36 million in equity, and a grant additional $ 13.2 million from New York State Homes and Community Renewal. The New York City Department of Housing Preservation and Development provided $ 13.3 million through its Affordable Rent Assistance Program for Seniors and 122 Section 8 vouchers based on projects. The New York City Council has allocated $ 500,000 for the project.

UNHCR Commissioner Ruth Anne Visnauskas said: “This $ 91 million sustainable and highly energy efficient development provides a healthy and affordable home for at-risk senior households. Arthur Avenue Apartments will provide important support services to residents while cultivating an active lifestyle and a well-being environment. Additionally, the building’s many energy efficiency and sustainability features will support the state’s goal of reducing carbon emissions, especially in underserved neighborhoods like the Bronx. Congratulations to Foxy Management and our government partners for this achievement that will improve the lives of so many New Yorkers.

State Health Commissioner Dr Howard Zucker said: “Reliable, affordable and secure housing is essential for good health, and I have no doubts that Arthur Avenue Apartments are equipped to provide their residents with the services and support they need. I am proud of our continued efforts to move our state forward and provide New Yorkers with the security they need for a bright and healthy future. ”

HPD Commissioner Louise Carroll said: “Seniors’ housing isn’t just about affordability – it’s about making sure our seniors can thrive. Arthur Ave Apartments offer more than 170 senior households the opportunity to afford it. do by providing services and space to enhance their well-being: a community garden, an educational kitchen, two rooftop terraces and more. I want to thank Foxy Management, Hebrew Home in Riverdale, our state partners and elected officials for making this project possible and for taking the time to ensure that every aspect meets the needs of our seniors.

Jeff Fox, Director of Foxy Management, said: “Project Arthur Avenue is our pride and joy – even before COVID entered our lexicon, we designed this project with a health-focused approach, ensuring a clean ‘green’ environment for elderly residents. most vulnerable in our city, and the end product exceeds our expectations. We expect the amenity package to serve as the foundation for a healthy lifestyle and nutritional program that will transform the lives of our residents. Special thanks to our friends and partners in the Hebrew home, who epitomize the compassionate care we all seek. We could not accomplish what we have here without our amazing fundraising team, which includes UNHCR, NYC HPD, Councilmember Salamanca, Boston Financial and JP Morgan Chase. Thank you for trusting our team to accomplish what we are celebrating today. ”

Deborah Messina, Senior Vice President of Operations at RiverSpring Living (the parent organization of the Hebrew House of Riverdale), noted, “The residents of Arthur Avenue Apartments have settled here and will make meaningful connections in this well-designed community. We express our gratitude to Foxy Management, the New York City Department of Housing Preservation and Development, and the Empire State Supportive Housing Initiative for our Partnership. ”

Congressman Ritchie Torres said: “As the Bronx continues to grow, it is crucial to see an increase in direct investment in affordable housing to support vibrant neighborhoods like Belmont. I am proud to celebrate the grand opening of 177 units that will provide stability and opportunity to residents of the Bronx. I look forward to seeing continued investments in affordable housing in the Bronx to raise working families.

Board member Rafael Salamanca, Jr. said: “Throughout my tenure on City Council, my top priority has been to bring truly affordable, quality housing to the South Bronx. With the completion of the Arthur Avenue Apartments, this is exactly what we are doing. 177 senior housing units, this new development provide housing at the highest levels of affordability for people 62 and over, while also providing decent and permanent housing to 54 formerly homeless senior households thanks to a 30% layaway. I am delighted to celebrate today’s opening. I applaud Foxy Management and Hebrew Home in Riverdale for their partnership, and I thank NYS Homes and Community Renewal and NYC Housing Preservation and Development for their financial support.

Assembly member Chantel Jackson said: “The cost of housing in New York has become a crisis and a tipping point. The need to provide safe and affordable housing is of great concern to me as it impacts my constituents in the 79th Assembly District in the South Bronx. I am happy to see the completion of the Arthur Apartments in Belmont, which will provide housing for 177 seniors. We must continue to work together to ensure that our most vulnerable have every opportunity to lead their lives with dignity; a safe place to feel at home should be accessible to all. ”


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