This week New York State Homes and Community Renewal, New York City Department of Housing Preservation and Development, and developer CAMBA Housing Ventures, an affiliate of CAMBA, Inc. announced the closing of construction financing to the tune of $164 million for an affordable and supportive housing development in Bedford Park, The Bronx. Located at 261 East 202nd Street and 270 East 203rd Street, the two 11-story buildings will be known as CHV 202nd and 203rd Street, and offer 323 residential units and supportive services to the formerly homelessness and seniors. Aufgang Architects is designing the project.
Permits have been filed for a nine-story mixed-use building at 435 Hart Street in Bedford-Stuyvesant, Brooklyn. Located at the intersection of Hart Street and Broadway, the lot also known as 1038 Broadway is three blocks east of the Myrtle Avenue subway station, serviced by the J, M, and Z trains. CAMBA Housing Ventures, an arm of nonprofit CAMBA, is listed as the owner behind the applications.
The New York City Economic Development Corporation (EDC) is allowing an undisclosed developer to redevelop the currently vacant, 138,000 square-foot Bedford-Union Armory property at 1555 Bedford Avenue, in western Crown Heights. According to DNAinfo, the former military facility will be transformed into residential units and a recreational facility. The domed portion of the facility will be home to a soccer field, three basketball courts, and a swimming poll, and will be operated by CAMBA. Along President Street, 13 townhouse units will be carved out of the building. The armory is low-rise in nature on its southern street front. Finally, a mixed-income residential building will be built from the ground up on the site’s eastern end. The entire project must pass through ULURP.