Construction to begin on $189 million affordable housing in the Bronx

0
1067

Construction has begun on a $189 million affordable housing development in the Morris Heights section of the Bronx. Starhill Phase I includes 326 affordable apartments – 200 with supportive services for individuals experiencing homelessness.

The developers for Starhill Phase I are Bronx Pro and S:US.

“Safe, stable, and affordable housing is fundamental to a prosperous, inclusive city, and we are ensuring no New Yorker is left behind when it comes to having a roof over their heads,” said Mayor Eric Adams. “Our administration has a plan to kickstart the creation of supportive homes for New Yorkers who need them most, and we are moving full speed ahead.”

Phase 1 is a 14-story residential building and a connected one-story amenity space. The two-acre site, previously occupied by a hospital being used as a residential treatment center, has been demolished. The mixed-use development was made possible through the 2018 Jerome Corridor Rezoning.

“This development will provide safe, stable homes for more than 300 residents of the Bronx and offer critical resources and amenities to support the Morris Heights neighborhood in the long term,” said Governor Kathy Hochul. “As the national affordability crisis drives rent and other costs to new highs, my administration is tackling the crisis head-on with a $25 billion plan to deliver high-quality affordable and supportive housing that will help to stabilize and improve New Yorkers’ lives.”

Residential amenities will include a rear yard and a passive recreation area on the second-floor terrace. Interior amenities will include on-site social services, a fitness room, on-site laundry, a children’s playroom, a computer room, and free internet access available in each unit. In addition, there will be 24-hour security located at the entrance.

The New York City Department of Housing Preservation and Development (HPD) is providing $31.5 million through the Supportive Housing Loan Program. State financing for Starhill Phase I includes $20.6 million in permanent tax-exempt bonds, Federal Low-Income Tax Credits that will generate $80.5 million in equity, and $31.5 million in subsidy from New York State Homes and Community Renewal (HCR). The New York City Council is providing $1 million.

“Once complete, Starhill will be our largest newly constructed supportive housing project to date, providing 326 affordable homes, 200 of which are supportive homes reserved for those experiencing homelessness,” said HPD Commissioner Adolfo Carrión Jr. “This is no small feat, and we celebrate this important milestone on the path to moving as many New Yorkers into housing as quickly as possible.”

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.