Habitat for Humanity New York City is bringing to the Bronx affordable housing to Williamsbridge.
The non-profit and for-profit developer Almat Group, announced on Tuesday, September 13 the closing on The Sydney House.
The 57-unit affordable development will be the largest multi-family development built by a HFH affiliate.
Karen Haycox, CEO for Habitat for Humanity New York City, said a stable home can “set the foundation for all the other aspect in left, yet so many New Yorkers struggle in substandard or rent-burdened households.”
She added that with “the strength and commitment of our partnerships, this project will provide 57 hard-working families with the opportunity to own a home and establish roots in their communities.”
The apartments will be located at 839-843 Tilden Street and consist of one-, two-, and three-bedroom options.
In addition, there will be a shared 2,000 square foot open community space and multiple green roofs.
Residents will also have on-site parking for vehicles and bicycles, laundry facilities and a community area.
The units will be available to working families making between 50 percent and 100 percent of the area median income.
“As for-profit developers, we recognize the need and role of affordable housing in the fabric of the New York City economic narrative,” said Almat Group co-founder Uche Alozie.
Alozie added the group was “excited” to be working with Habitat for Humanity on the project.
The project, which is $30 million, was funded by Borough President Ruben Diaz Jr., Councilman Andy King, the NYS Affordable Housing Corporation, and the NYC Department of Housing Preservation and Development.
Diaz said he was “proud” the Bronx was “leading the way in providing housing opportunities for people of all incomes” in the borough.
The borough president, who contributed $1.2 million to the project, added home ownership “provides stability, rebuilds neighborhoods and will further strengthen the economy and quality of life for all Bronxites and the entire city.”
King said that “many of [his] constituents have complained that they are unable to find decent, affordable housing. I’m proud that this option will be available in the northeast Bronx.”
Construction for the building is expected to begin in 2017.