Categories: Member News, Groundbreakings
06.05.2013
Barrier Free Living Apartments to offer 121 units in the Bronx
Barrier Free Living celebrated the groundbreaking of its first supportive housing residence on June 4. Barrier Free Living Apartments, located in the South Bronx, will soon offer 120 units of supportive housing for domestic violence survivors, female veterans and disabled women in a nursing home diversion program. The project will consist of two buildings: a 51-unit residence on East 138th Street and a 70-unit residence on East 139th Street. The first building will house families and the second individuals.
Last month's groundbreaking for this $42 million project included a slate of guest speakers. Among them were NYC Council Member Maria del Carmen Arroyo, Jessica Katz of the NYC Department of Housing Preservation and Development (HPD), Joan Tally of the NYC Housing Development Corporation (HDC), Brett Hebner of the NYS Homeless Housing and Assistance Corporation (HHAC), Benjamin Warnke of Alembic Community Development, Bill Traylor of Richman Housing Resources and representatives from the office of Bronx Borough President Ruben Diaz, Jr.
Barrier Free Living Apartments is being developed under Mayor Bloomberg's New Housing Marketplace Plan (NHMP).
HDC provided construction financing and two mortgages toward permanent financing. HPD provided Neighborhood Stabilization Plan funds. HHAC provided funds through its Homeless Housing and Assistance Program (HHAP). Richman Housing Resources syndicated Low-Income Housing Tax Credits. Citi Community Capital will provide the Letter of Credit. The development will receive Project-Based Section 8 from HPD to help subsidize the cost of rent on 77 of the 121 total units.
We congratulate Barrier Free Living on the groundbreaking of its very first development. We're thrilled to see this respected New York nonprofit enter the development arena!
Caption: Partners gather for the groundbreaking ceremony of Barrier Free Living Apartments on June 4. Photo courtesy of Barrier Free Living.