Project Creates 170 Apartments, Including Housing for Formerly Homeless Individuals with Special Needs
Governor Andrew M. Cuomo today announced the grand opening of the $61.2 million Webster Avenue Residence, an eight-story building featuring 170 units of affordable and supportive housing in the Tremont section of the Bronx. Developed by the nonprofit Breaking Ground, the project features 90 apartments of supportive housing for formerly homeless individuals with special needs and 80 units for low-income working adults from the Bronx community.
"This project is a major step forward in our efforts to increase affordable housing in the Bronx and help ensure that some of our most vulnerable New Yorkers have access to the supportive services they need to live independently in their communities," Governor Cuomo said. "Everyone deserves the opportunity to have a safe, decent and affordable place to call home and the completion of this complex brings us closer to this goal and to making a stronger, fairer New York for all."
Webster Avenue Residence is located at 411 East 178th Street at the corner of Webster Avenue. The building shares a large site with Park House, a 12-story building with 248 units of affordable and supportive housing also developed by Breaking Ground with support from the state, that opened last fall. Webster Avenue Residence includes offices for support services, a community room, computer lab and recreational space, including a landscaped courtyard that connects the two buildings.
The new affordable housing development complements the Governor's $20 billion, five-year Housing Plan. The plan makes housing accessible and combats homelessness by building and preserving 112,000 units of affordable housing, including 6,000 units of supportive housing. The plan is a comprehensive approach to statewide housing issues and includes multifamily and single-family housing, community development, and rent stabilization.
New York State Homes and Community Renewal has provided $21.7 million in financing for the project in the form of tax exempt bond financing and a subsidy loan through the New York State Medicaid Redesign Team. HCR's federal tax credit allocation generated $25.4 million in equity. Other funding sources include $10.6 million from the New York State Office of Mental Health and $2.5 million from the New York State Office of Temporary and Disability Assistance's Homeless Housing and Assistance Program. The New York City Housing Preservation and Development also provided $9.8 million for the Webster Avenue Residence.
New York State Homes and Community Renewal Commissioner RuthAnne Visnauskas said, "Webster Residence exemplifies Governor Cuomo's fight against homelessness by providing a stable environment to help residents live on their own while also reducing the associated costs of medical care. By bringing 170 new safe, affordable homes to an area with easy access to transit and jobs, we are building a stronger and more vibrant Bronx."
New York State Office of Mental Health Commissioner Dr. Ann Sullivan said, "The 90 units of supportive housing included in Webster Avenue Residence will help people living with mental illness and formerly homeless individuals pursue fulfilling and productive lives in their communities. This development brings us another step closer to Governor Cuomo's goal of ensuring that all New Yorkers have safe and affordable homes."
New York State Office of Temporary and Disability Assistance Commissioner Samuel D. Roberts said, "The Webster Avenue Residence provides much-needed supportive housing, which Governor Cuomo has focused on as fundamental to addressing homelessness in New York State. We are pleased to once again work with our state and city partners and congratulate Breaking Ground on the successful completion of this project."
Brenda Rosen, President and CEO of Breaking Ground, said, "Breaking Ground has been serving New York City for nearly three decades, helping individuals and families by providing high-quality supportive and affordable housing with critical support services. Today, we are proud to continue that legacy with the new Webster Avenue residence. We are thrilled to open the full Park House and Webster Avenue development, bringing more than 400 beautifully designed affordable apartments to the Bronx that are, enabling lives of dignity and security for some of our most vulnerable neighbors."
Congressman José E. Serrano said, "Affordable housing is one of the most pressing issues in the Bronx and New York City. This project will help working families and formerly homeless individuals with special needs to live in safe, supportive housing in the Bronx, and provide them with much needed services that will help them grow and thrive. I thank Governor Cuomo and all involved in helping this project come to fruition."
Senator Gustavo Rivera said, "With this development, 170 New Yorkers will have a roof over their head and a secure place to call home. Webster Avenue Residence is a tremendous benefit to the Bronx and I am pleased to welcome our new neighbors. Congratulations to all on the completion of a wonderful project."
Assemblywoman Carmen E. Arroyo said, "Webster Avenue residence is a welcome addition to the neighborhood. This development enables Bronx residents to receive critical housing and support services in a setting that offers comfort, saves money, and delivers economic benefits for the surrounding community. Thanks to Governor Cuomo and Breaking Ground for making this a reality for Tremont."
Assemblyman Victor Pichardo said, "Webster Avenue Residence is a major step forward in addressing the urgent need for affordable and supportive housing in the Bronx. I want to thank Governor Cuomo, our state and local partners, and Breaking Ground for their collaboration on this exciting development that brings high quality, affordable homes to my neighbors who need our support."
Councilman Ritchie Torres said, "This incredible development will bring much needed housing to the neediest individuals in the Bronx. It will help build stronger families and communities, and ensure that residents are getting the support services they need to thrive. I want to thank Governor Cuomo and Breaking Ground for their partnership in making this housing development a reality, and I'm incredibly proud to have these new homes in my Council District."
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