Developers Secure $349M for Bronx Point Affordable Housing Complex, in the South Bronx

Rendering of Bronx Point - S9 ArchitectureRendering of Bronx Point - S9 Architecture

L+M Development Partners, Type A Projects, BronxWorks, and the City of New York have closed on $349 million financing package to complete phase one of Bronx Point, a new mixed-use affordable housing complex in the South Bronx. As a public-private partnership, the financing entities include the New York City Department of Housing Preservation and Development, the New York City Housing Development Corporation, Empire State Development, Wells Fargo, and additional private funding sources.

The overall funding includes $323.5 million for the building, along with $25.5 million from the NYC Economic Development Corporation for the construction of a waterfront esplanade along the Harlem River.

“A critical component to making our city fairer is strengthening neighborhoods for all New Yorkers,” said James Patchett, president and CEO of New York City Economic Development Corporation. “Today marks a major step toward advancing the administration’s key investments in the South Bronx. By bringing affordable housing, waterfront access, and a range of cultural facilities, we are creating a more equitable New York.”

Phase one of the development includes 542 units of permanently affordable housing. Qualifying households include those in incomes at 30 percent to 120 percent of the area median income. A portion of the units will also be reserved for the formerly homeless.

The mix of apartment layouts will include 135 studios, 192 one-bedrooms, 122 two-bedrooms, and 93 three-bedrooms. Occupants will have access to a private outdoor terrace, laundry facilities, a children’s room, a community lounge, a bike storage room, and a fitness center.

Additional components of phase one include 2.8 acres of public outdoor space, a permanent home for the Universal Hip Hop Museum, and an early childhood space run by BronxWorks. The development will also support a vibrant mix of cultural and community-focused programs and outdoor science programming facilitated by the Billion Oyster Project.

“For years, we’ve wanted a permanent home in The Bronx—the birthplace of hip hop—and we are proud to be a part of Bronx Point, which will be one of the great new destinations of the borough,” said Kurtis Blow, an award-winning hip-hop artist and chairman emeritus of the Universal Hip Hop Museum. “Hip hop grew from a seed that was planted at a house party on Sedgwick Avenue into a global movement, and our museum will celebrate that journey and the Bronx’s place in its history. For all those who rose with us and followed in our footsteps: this museum will be for you, forever.”

Rendering of Bronx Point - S9 Architecture

Rendering of Bronx Point – S9 Architecture

Rendering of Bronx Point - S9 Architecture

Rendering of Bronx Point – S9 Architecture

Designed by S9 Architecture & Engineering, Bronx Point comprises four interlocking volumes that gradually step up and top out at 22 stories. The volumes take rise from a large retail podium and surround a large rooftop courtyard above the podium levels.

The grounds and open spaces are designed by Marvel Architects with landscape architect Abel Bainnson Butz. Areas open to the public will include a playground and landscaped area adjacent to the existing Mill Pond Park and the Bronx Children’s Museum, a landscaped esplanade along the Harlem River with walkways, seating areas, an extended BBQ area, fitness zones for adults, and publicly accessible bathrooms. Collectively, these open space improvements will advance the city and community’s long-standing goal of providing access to the Harlem River waterfront and increasing public open space in the South Bronx.

“Being born and raised in the South Bronx, it’s particularly meaningful,” said Josue Sanchez, senior director at L+M Development Partners. “At a moment when New Yorkers continue to struggle through the impacts of the pandemic, it’s even more critical for us to begin work on a project that will serve so many in a way that’s true to the borough, from high-quality affordable housing and community programming, to much-needed open space along the Harlem River, to a permanent home for the Universal Hip Hop Museum.”

Rendering of Bronx Point esplanade - S9 Architecture

Rendering of Bronx Point esplanade – S9 Architecture

Overall, Bronx Point will include up to 1,045 apartment units. Construction on phase one is expected to break ground in the coming weeks and be completed by late 2023.

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52 Comments on "Developers Secure $349M for Bronx Point Affordable Housing Complex, in the South Bronx"

  1. margarita almestica | December 31, 2020 at 9:34 am | Reply

    I need aparment the 3 bedroom I have HRAbut I am need a aparmet

  2. Como ago para conseguir unos de los tantos apartamentos que hoy para mi mamá y para mi necesito 2 dormitorio vivo en un studio muy pequeño

  3. Hello please how I get a application for this building

  4. Maybe the city should lower the overall taxes they charge everyone, thereby lowering the cost of living in the city. They would go a long way to making it more affordable to live in our city

  5. I would like to know how to get application

    Please thank you 🙏🎄🎁🎆👼🎊

  6. Good afternoon,
    I would also like an application please.
    Have a happy and Safe New Year

  7. I would like an application.

    Happy Holidays

  8. I need an application please

    Thank you!

  9. George Ruemmeley | December 31, 2020 at 3:45 pm | Reply

    Need a 1 or two bedroom apartment accessible how can I get a application

  10. i would like to get a application please thank you
    Happy Holidays

  11. Richard Benitez | December 31, 2020 at 5:35 pm | Reply

    Hello
    It’s a great plan for a guy living in bronx since birth.
    Please , I want an application. Please tell me where to go and apply.

  12. Katherine Liggins | December 31, 2020 at 6:14 pm | Reply

    Happy Holidays
    I would like the affordable housing
    Application for a one or two bedroom
    Apartment. Thanks K,L12/31/20

  13. Please looking for applications

  14. RoseAnne Goonetilleke | December 31, 2020 at 9:39 pm | Reply

    Hi I really like your new buildings. Please tell me how I may get an application to apply for a studio or one bedroom apartment. Thanks and Happy Holidays.

  15. I love to apply for a 3 bedroom apartment please

  16. How do I get a application for the Bronx point building

  17. I’m 63 on SSIAND HAVE BEEN STUCK IN A BREAKING GROUND BRONX WORKS BUILDING TRYING TO GET OUT FOR 10 YEARS THIS IS SO CORRUPT NEED APPLICATION PLEASE

  18. Latisha Richards | January 1, 2021 at 6:02 am | Reply

    I work for NYCT and I need a 3 bedroom apartment. I would like an application for the housing establishment. Thank You & Happy New Year

  19. I am moving to NY, and looking for affordable housing, I’m a Senior, low income.

  20. I would like an application.

  21. How do I apply?

  22. How can I apply?

  23. Maylin figueroa | January 1, 2021 at 12:18 pm | Reply

    Maylin Figueroa 1 de enero 2021 me gustaria que me mandaran la aplicacion,vivo en un apartamento donde pago mucha renta…necesito in apartamento de 1 cuarto,oh un estudio

  24. The solution to NYC’s
    Vast Problems:
    1) More Buildings
    2) More People
    3) More Density

  25. What a beautiful idea for all these developments especially the South Bronx where I livef for many years.Blessings to all who will be successful in finding one of those appts.Including me.
    Thanks a million for making the stress pretty.

    • I’ve lived in the Bronx all my life..seen everything on Exterior Ave. I would love the opportunity yo be a part of this transition going on. Yes, I would love to obtain an application. Will search that out!!!

  26. AnaChristina Marrero | January 1, 2021 at 1:18 pm | Reply

    I am interested in receiving an application if possible. Thank you very much.

  27. Nichelle Thompson | January 1, 2021 at 1:54 pm | Reply

    Happy new year how do i get application for this building?i need 3 bedrooms. thank you god blessed

  28. I’m looking for a application?

  29. Can I PLEASE GET AN APPLICATION FOR THESE PLACES ?

  30. Hi how can I get an application. Please Thank you.

  31. First of all I would like to say happy New Year I have fill out numerous of application for the low income apartments by Gateway Mall area and so far no response other people have filled out the application wait after I do and got a respond and appointment and got into Gateway area Apartments Brooklyn also I’m still interested in the apartment

  32. Jacqueline Charles | January 1, 2021 at 11:39 pm | Reply

    Application for two bedroom mail to PO box 268 Bronx new York 10473

  33. Vishnu Ramcharitar | January 2, 2021 at 12:55 am | Reply

    HOW DO I GET AN APPLICATION LIKE TO APPLY FOR ONE BEDROOM

  34. Please I need a tow bedroom apartment

  35. I would like to know how to get an application thank you

  36. An application for 1 bedroom apartment please!!

  37. Jeannettecastro | January 2, 2021 at 12:50 pm | Reply

    Need application please

  38. Jeannette castro | January 2, 2021 at 1:24 pm | Reply

    Need application for 1 bedroom apartment thank you.

  39. Belkis Martinez | January 2, 2021 at 6:19 pm | Reply

    Hi please how get the aplicación

  40. Hi! Iam a single Parent with two daughters in need of an two bedroom apartment. Please send information on how to apply. Thank you and Happy New Year’s

  41. Grace Dellalian | January 5, 2021 at 9:59 am | Reply

    I am a single mother to my 10 year old son.
    Can you please advise me on how to apply for a two bedroom apartment ASAP.

    With Kind Regards.

  42. Tyrone Robinson | January 8, 2021 at 11:49 am | Reply

    Application Application when and where can I get a Application

  43. I’m so glad to see so many people reading New York Yimby. I have been reading it for years. And I love to see all the exciting new developments. I’m saddened to see so many people asking for applications. This is not the place to ask for a application. These are announcements about permits for new developments. Please go to the property place to go for real possible success with your endeavor. Maybe Ny yimby can write a article to help the many that are seeking a place to live?

    • We do the Friday round-ups, they have the actual links, but these application comments continue flooding regardless…. alas!

  44. Please send me a application. I am interested in this Building. Pleas reply. Thank you

  45. I would like to get a application for 3bedrooms unit
    Awa January 16 2021 at 3:45 pm

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