From Multi-Housing News:
A $117.7 million affordable housing community has opened in the Bronx, N.Y. The two-building, 175-unit property will offer apartment homes for seniors and individuals with special needs, as well as 10,000 square feet of health-oriented commercial and community space.
The opening comes on the heels of several affordable housing projects either breaking ground or securing financing in the New York area. Among the projects are the fully-affordable development Caton Flats, which broke ground in Brooklyn in mid-May and will offer 255 affordable units to the community, and Centerton Village, a two-building property in Mount Laurel, N.J. that broke ground last week and will offer 103 units of affordable housing once completed.
Situated in the Mott Haven neighborhood of the Bronx at 285 E. 138th St. and 2550 3rdAve., Tres Puentes Senior Apartments consists of a newly built 11-story building with 119 units and an 8-story building with 56 units....
Tres Puentes received $13 million from the New York City Department of Housing Preservation and Development’s Senior Affordable Rental Apartments Program and $600,000 from the NYC Office of Environmental Remediation. The New York City Council and Bronx Borough President Ruben Diaz, Jr., provided $3 million.
Read Multi-Housing News' article "$118M Affordable Senior Housing Project Opens in NYC," featuring the New York City Department of Housing Preservation and Development.