Arthur Avenue Senior Apartments, a new affordable housing development for seniors, is now complete. The building is located at 600 East 179th Street in the Tremont section of The Bronx and has created 177 affordable homes for individuals and households aged 62 or older.
The collection of units includes 54 apartments reserved for formerly homeless seniors with chronic health conditions. These residents will receive on-site supportive services and rental subsidies funded through the Empire State Supportive Housing Initiative and administered by the NYS Department of Health. The remaining income-restricted units include 17 for households earning at or below 30 percent of the Area Median Income (AMI) and 105 for households earning at or below 50 percent AMI.
The property was developed in collaboration by Foxy Management and Hebrew Home For the Aged at Riverdale, a nursing home and rehabilitation provider who will also facilitate all supportive services and socialization activities.
“New Yorkers deserve access to safe, affordable housing — especially seniors and those struggling to make ends meet,” Governor Hochul said. “The Arthur Avenue Apartments will bring much-needed affordable housing to The Bronx, helping the most vulnerable New Yorkers live with dignity and security.”
Designed by SLCE Architects, the structure stands 95 feet tall and comprises 140,420 square feet. Amenity spaces include a laundry room, bicycle storage, a communal lounge on the eighth floor, a fitness center, a computer room, and flexible meeting rooms for socialization activities. Outdoor amenities include a greenhouse with a vegetable garden, ground-floor recreation space, and a pair of 4,000-square-foot outdoor terraces.
State financing for Arthur Avenue Apartments includes $19.2 million in tax-exempt bonds, federal Low-Income Housing Tax Credits that generated $36 million in equity, and an additional $13.2 million in subsidy from New York State Homes and Community Renewal. The New York City Department of Housing Preservation and Development provided $13.3 million through its Senior Affordable Rental Assistance Program and 122 Project-Based Section 8 vouchers. New York City Council also awarded the project $500,000.
Total development costs are estimated at $91 million.
“Arthur Avenue Apartments will provide important supportive services to residents while also cultivating active living and a wellness-oriented environment, said HCR commissioner RuthAnne Visnauska. “In addition, the building’s extensive energy-efficiency and sustainability features will support the state’s goal of reducing carbon emissions, especially in under-served neighborhoods like the Bronx.”