Breaking Ground at 3500 Park Avenue

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Attendees included Mega Contracting Group, the NYC Department of Housing Preservation and Development, Boston Financial Investment Management, and JPMorgan Chase.

July 12 marked the groundbreaking ceremony for 3500 Park Avenue in the Bronx.

“New affordable housing units are coming to our borough, giving many a new lease on life—literally,” said News 12 The Bronx Anchor Dave Roush, in the video at the end of the post.

When completed (in about two years), the 7-story building will offer 69 supportive housing units for formerly homeless veterans with disabilities, adults with mental illness, and seniors. An additional 46 affordable housing units are open to those earning 60% of the area median income, to be selected through a lottery system.

“Claremont Village in the Bronx is a little removed in regards to proximity to public transit, so The Bridge is super excited to incorporate a fresh, helpful, positive building in the neighborhood,” said Sunčića Jašarovič, one of our architectural designers on the project. “The client’s compassion for the community is always growing.”

Susan Wiviott, CEO of The Bridge, welcomed the gathering of developers, funding groups, architects, and media, stressing how desperately in need of affordable housing the city is. “It’s great to have everyone come together in support of our mission at an event like this,” she said. “It’s important to work with people you can trust.”

As the golden ceremonial shovels stood nearby, Nicole Ferreira, senior vice-president of multi-family finance with NYC Homes and Community Renewal, acknowledged that these projects take a lot of work to get off the ground and spoke about what the event and project represented.

“It’s important to us that no New Yorker is left behind,” said Ferreira. “This project is all about a celebration of a fresh start and a new hope. It will strengthen the Bronx community and economy.”

Greg Maher, executive director of the Leviticus Fund, echoed her remarks. “This is the largest acquisition loan in our history, and it’s in support of the largest project in The Bridge’s history,” he said. “This sends a message that vulnerable groups will not go overlooked in this city.”

For more information, see coverage from The Bronx Times and New York Nonprofit Media, and check out the local news report below. “That corner has been a little eyesore, so now it’ll bring some vitality back to the community and just give it more life,” Etta Ritter, a lifelong Bronx resident, told News 12.

We’re honored to be a part of the team and to serve this mission—and look forward to sharing construction updates!

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News 12: “Affordable housing project gets underway in the Bronx”

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Mayor de Blasio Visits 1561 Walton Avenue

de BlasioToday, at Settlement Housing Fund‘s 1561 Walton Avenue, the Mayor announced that 2017 marked the highest number of affordable housing units produced in the City’s history.

His administration financed 32,116 affordable homes last year, breaking the all-time record previously set by former Mayor Ed Koch in 1989 of 25,243 units, according to the press release. The City also broke the record for the most new construction with 9,140 affordable homes. Nearly 60 percent of all homes financed will serve New Yorkers making less than $47,000 for a family of three.

We’re honored to serve this mission. Below are the official photos of our 1561 Walton Avenue project, which provided 60 affordable units.

A video of today’s event appears at the end of the post, in which Mayor de Blasio hands a resident the keys to her new home to celebrate the milestone.

 

#AskAnArchitect with Kimberly Murphy

The American Institute of Architecture Students stopped by recently to kick off the second season of their #AskAnArchitect series. Kimberly talks about work-life balance, gives advice about how to find the right firm, and reminisces on her own college days. Thanks, AIAS!