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Developers Welcome New Residents to Jerome Court Affordable Housing Property at 1769 Jerome Avenue in The Bronx

Bronx Pro Group and Services for the UnderServed recently welcomed the first wave of residents to 1769 Jerome Avenue, a newly completed affordable and supportive housing property in the Morris Heights section of The Bronx. Marvel is the project architect and landscape architect for Jerome Court, the 16-story building comprising 175 apartments, including 105 supportive housing units, 69 affordable housing units, and one superintendent’s unit.

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Grace Towers Apartments at 2060 Pitkin Avenue in Brooklyn - Courtesy of SVN Affordable

Camber Property Group Acquires Affordable Housing Portfolio from Omni New York in $105M Deal

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.

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YIMBY’s 2023 Q1 Report Tallies 9,138 Residential and Hotel Units Filed From January Through March in New York City

As New York City abounds with fresh spring blooms, New York YIMBY has fresh numbers reflecting the permit filing activity that took place in the first quarter of 2023. In the period spanning from January through March, the Department of Buildings registered permits for 840 new buildings (surpassing last year’s quarterly average of 806), combining for a total of 13.4 million square feet. Of these, 668 building will be allocated for residential and hotel use, and will contribute a total of 9,138 units to the city. The full quarterly report, summarized below in a series of custom charts and analyses, is available with a subscription to YIMBY’s Building Wire.

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