Private developer’s NYCHA project in Mott Haven lands $79M in financing

Project from Breaking Ground at 448 East 143rd Street will be for low- and extremely low-income seniors.

Jul.July 05, 2019 01:30 PM
448 East 143rd Street in the Bronx (Credit: Google Maps)

448 East 143rd Street in the Bronx (Credit: Google Maps)

A NYCHA program’s supportive housing project in the Bronx has landed more than $79 million in financing.

The money is divided between about $1.5 million from the Breaking Ground Housing Development Fund Corporation, $2.7 million from the New York State Homeless Housing and Assistance Corporation, and $75 million from the New York City Housing Development Corporation, according to property records.

The Homeless Housing and Assistance Corporation and HDC did not respond to requests for comment.

The funding is for nonprofit Breaking Ground’s planned eight-story, 152-unit building at 448 East 143rd Street, which will feature about 74,000 square feet of residential space and 15,000 square feet of community space. The units will be for low- and extremely low-income seniors. The ground-up development is part of the NYCHA NextGen program’s goal of turning underutilized NYCHA land into affordable and supportive senior housing, according to Breaking Ground.

The community space will be for the DreamYard Project, an organization that provides Bronx youths with arts education and other opportunities. Seniors in the building will have access to amenities including an onsite library and computer lab and a terrace garden.

Breaking Ground focuses on providing supportive housing to the homeless, and its other New York properties include the Christopher at 202 West 24th Street and the Dorothy Ross Friedman Residence at 475 West 57th Street.

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