New York State Homes and Community Renewal Announces $ 93 Million Affordable and Supportive Housing Project in the Bronx

RuthAnne Visnauskas, New York State’s Housing and Community Renewal Commissioner, announced the grand opening of Garden Towers Apartments, a $ 93 million affordable and supportive housing development in the Morrisania neighborhood, promoting the State’s ongoing community revitalization in the Bronx. The complex will offer 150 apartments for adults aged 62 and over in two separate buildings. Forty-five of the apartments will be reserved for formerly homeless seniors who will receive support services on site.

“As we continue to navigate the COVID pandemic, it is essential that we invest in housing that allows people to live safely, affordably and independently with access to life-enhancing services and health ” said Commissioner Visnauskas. “With 150 homes, Garden Towers Apartments is an important part of UNHCR’s efforts to invest in Bronx communities and we are grateful to Foxy Management, HANAC and HPD for helping us launch this latest development.”

Garden Towers Apartments will consist of an eight-story building with 86 apartments facing Boston Road and a seven-story building with 64 apartments facing Clinton Avenue. All apartments will be affordable to households with incomes equal to or less than 50% of the region’s median income. There will be 109 studios, 40 one bedroom apartments and one apartment for a building superintendent. The project developer is Foxy Management.

Forty-five apartments will be reserved for former homeless people who will have access to on-site services provided by the Hellenic American Neighborhood Action Committee. Services include case management, health care services, meals, transportation and translation services.

The two buildings will be connected by a glass greenhouse that will act as a walkway from one building to another, as well as a gathering place for seniors and their families. Other residential amenities include tenant parking, indoor bike storage, on-site laundry, computer room and three large multi-purpose rooms, two of which will have kitchenettes. There will be a social services suite with program offices and a conference room for the use of HANAC.

Both buildings are designed to meet the standards of the EPA’s ENERGY STAR Certified Homes Program. Energy efficient features will include low flow plumbing, Energy Star fixtures and lighting, and high thermal performance windows with proper air tightness measures. The buildings will also be equipped with a solar panel with a capacity of 117.98 kW.

UNHCR’s funding for Garden Towers Apartments includes $ 23.7 million in permanent tax-exempt bonds and federal housing tax credits for low-income people that will generate $ 42.3 million in equity . The governor’s office responsible for storm recovery is providing a loan of $ 9.3 million. The New York City Department of Housing Preservation and Development is providing $ 9.3 million under the Senior Affordable Rental Apartments program and will provide Section 8 vouchers for all residents.

Garden Towers is part of the state’s unprecedented five-year, $ 20 billion housing plan. UNHCR is in the final year of the plan and is on track to exceed its goals of building and preserving more than 100,000 affordable housing units and 6,000 supportive housing units.

Over the past decade, UNHCR has invested $ 1.3 billion to build and preserve more than 15,000 homes in the Bronx.

Paul Lozito, deputy executive director of housing, buyback and acquisition programs in the storm recovery governor’s office, said: “GOSR is proud to help create new, high quality housing in well established and historically underserved communities like Morrisania. This investment in Garden Towers illustrates GOSR’s commitment to a tiered approach to resilience, including building uplands against coastal flood risk in the Bronx and across New York City.

Bronx Borough President Ruben Diaz Jr. said: “Creating affordable housing and expanding opportunities for our seniors and our most vulnerable population, who are some of the people hardest hit by the pandemic, is not only important, but will play a crucial role in the recovery of our borough. The Garden Towers Apartment Development is a monumental project and serves as a model of how we should take care of our seniors who have supported our borough in good times and bad. I look forward to the day when hundreds of people have a new home in Morrisania. “

Assembly member Chantel Jackson said: “It is with great pleasure that I join NYS Homes & Community Renewal in announcing the launch of ‘Garden Towers Apartments’, a new affordable housing development in Morrisania. This project is a vital step towards fulfilling New York State’s promise to fund the revitalization of the South Bronx, which we all know has been excluded from state funding for too long. In addition, this new residence will be affordable, will support the elderly and will include on-site support services, which gives me hope that it will play an important role in advancing the goals I have set for myself in the framework. of my Wellness, Education, Housing, NOW! (WHEN) mission.

Jeff Fox, Director of Foxy Management, said: “Garden Towers will provide high quality senior housing with a suite of state-of-the-art amenities and services that reflects Foxy’s continued mission to care for the most vulnerable in our community. With on-site social services and a full rent subsidy, seniors will be able to live comfortably without worrying about the burden of rent. Foxy and its partners at JLD Advisory are extremely grateful to our service provider partner HANAC and our financial sponsors HFA, HPD, Chase and Boston Financial for all of their support in bringing this project to fruition during such a difficult time.

Stacy Bliagos, Executive Director of HANAC, said: “HANAC is extremely proud to be part of the Garden Towers Project, a unique development for low-income seniors with excellent sustainability features including a glass greenhouse, green roofs and solar panels. HANAC will be the on-site social service provider for all residents to help them age in place in a stable living environment. HANAC congratulates all partners for making Garden Towers a reality to serve our older New Yorkers. “

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