The New York City Department of Housing Preservation and Development (HPD) has revealed the first of two new affordable housing properties in the southwest corner of The Bronx. Located in Concourse near the intersection of River Avenue and East 168th Street, Site A will eventually debut as River Commons and will comprise 278 affordable apartments.
Camber Property Group
LIHC Investment Group, Camber Property Group and Settlement Housing Fund have completed an $85 million acquisition of Lexington Court in East Harlem. The nine-building complex comprises 229 affordable apartments primarily along East 118th and East 119th Streets surrounding Park, Lexington, and Third Avenues.
The New York City Housing Authority (NYCHA) has formally announced its development partners who will help complete a major rehabilitation project at Edenwald Houses, one of the oldest and largest public housing developments in the agency’s portfolio. The portfolio comprises 40 residential buildings spread across 48 acres in the Edenwald section of The Bronx.
Camber Property Group has completed a $105 million acquisition of three Project Based Section 8 affordable housing complexes formerly owned by Omni New York. The three properties include Grace Towers, a 168-unit building in East New York, Brooklyn; Target V Apartments in the Morris Heights section of The Bronx; and Madson Apartments in East Harlem.
Property Resources Corporation and Camber Property Group recently hosted a ribbon-cutting ceremony for Tiffany Street Apartments in the South Bronx. The affordable housing property is located at 975 Tiffany Street and comprises 161 apartments for low-income families.