From Multi-Housing News:
Developers have wrapped up work on a 168-unit affordable senior housing property in the West Farms neighborhood of the Bronx, New York City. The eight-story development at 1880 Boston Road sits atop an existing medical office building and will provide affordable apartments for low-income seniors, including the formerly homeless.
The project was built by Foxy Management in concert with Alembic Community Development as the equity investor. Nonprofit senior care provider The Hebrew Home at Riverdale also joined the project along with an array of city organizations, including the New York City Department of Housing Preservation and Development (HPD), the New York City Housing Development Corporation (HDC) and the New York City Housing Authority (NYCHA). The development has a price tag of $77.8 million, according to the Foxy Management website.
Read Multi-Housing News' article "Affordable Senior Housing Project Wraps Up in NYC," featuring the New York City Housing Authority & the NYC Department of Housing Preservation and Development.