Nonprofit revives $11M Bronx housing project

TRD NEW YORK /
Jan.January 21, 2014 03:20 PM

A nonprofit that provides affordable housing for domestic violence survivors is breathing life into a Bronx condo project that stalled during the financial crisis.

New Destiny Housing waited two years for permission from the city’s Department of Housing, Preservation and Development to buy the 70,000-square-foot, $11 million development in the Mount Hope neighborhood late last year. The project was designed by Oaklander, Coogan and Vitto Architects and erected in 2009. 

The 10-story building was to supposed to provide homes for low-income families, but loans became hard to come by during the recession and the building sat vacant, according to Crain’s.

Now, half of the 39 units will be set aside for homeless domestic violence survivors, and low-income families will rent the other half, Crain’s reported. The affordability of such homes in the Bronx has recently been threatened by creeping gentrification, according to residents. [Crain’s] — Angela Hunt


Related Articles

arrow_forward_ios
A rendering of 165 Broome Street (Credit: Handel Architects)

Nonprofit plans affordable housing development near Essex Crossing

All Falls Down: Kanye West’s “Star Wars”-themed affordable housing plan hits snag

All Falls Down: Kanye West’s “Star Wars”-themed affordable housing plan hits snag

1065-1075 Gerard Avenue in the Bronx 

Prana pays Related $36M in Bronx multifamily play

2790 West 5th Street in Coney Island (Credit: Google Maps)

Brooklyn man arrested for claiming to help victims buy Mitchell-Lama apartments

Rendering of La Central (Courtesy of FXCollaborative)

Here are the details on the next building in the Bronx’s La Central development

Mayor Bill de Blasio and City Council Speaker Corey Johnson with an aerial of 320 Concord Avenue, the site of the jail project (Credit: Getty Images, Google Maps)

Housing complex takes South Bronx jail project to court

NYCFC is close to a deal for its own stadium (Credit: Getty Images)

Maddd Equities, NYCFC nearing deal for Bronx stadium

Mayor Bill de Blasio (Credit: Getty Images)

De Blasio warns of ‘bad landlords,’ admits affordable housing plan ‘is not enough’

arrow_forward_ios
Loading...