The real estate development company Vertical Community Development announced the opening of Haven Court Apartments, a two-tower, 100% affordable mixed-income project with 164 total housing units at 290 E. 149th St. and 299 E. 148th St. in Mott Haven, on Wednesday, April 29.
Vertical Community Development was joined in a ribbon-cutting ceremony by representatives of the local community, the New York City housing agencies, lenders and other stakeholders, including Bronx Borough President Vanessa L. Gibson, New York City Council Member Justin Sanchez, Bronx Community Board 1 Chair Paola Martinez, members of the New York City Department of Housing Preservation and Development, representatives of JPMorgan Chase Bank and members of the NYPD.
“The Bronx needs more affordable housing, and it is essential to ensure that our Bronx families and older adults get the stability they need and deserve,” Gibson said. “The opening of the Haven Court Apartments marks an important investment in the Bronx with over 160 new affordable homes, expanding access to safe and quality housing for Bronx residents.”
“I am very excited about the promise and potential of Haven Court. Developments like this give stability and dignity to Bronx families and provides some of our city’s most vulnerable people the quality housing they need and deserve,” said Council Member Sanchez, who represents the district where the project is located.
“I am very excited about the promise and potential of Haven Court. Developments like this give stability and dignity to Bronx families and provides some of our city’s most vulnerable people the quality housing they need and deserve,” said Council Member Sanchez, who represents the district where the project is located.
“This development has the potential to draw in new energy to The Hub. I’m excited to see this new building quickly fill up with people who are eager to make an impact and shape the neighborhood around them.”
Haven Court Apartments’ 164 housing units span a total of 175,000 square feet. In addition to providing much-needed affordable housing to those earning between 30% and 90% of the area median income, the development also has units dedicated to formerly homeless individuals and seniors. More than 60,000 applications have already been submitted for housing at Haven Court Apartments.
“Haven Court Apartments is the kind of project New York needs more of,” Housing Preservation and Development Commissioner Dina Levy said. “With our partners, we’re delivering 164 affordable homes — including apartments for formerly homeless New Yorkers and seniors — in a building designed to support stability and community. At a time when the need for housing has never been greater, projects like this show what’s possible when we stay focused on creating real homes for New Yorkers.”
The residential towers, which stand at 9 stories tall and 10 stories tall, respectively, are connected by a 1-story base. Notable features at the development include a neighborhood day care center, a retailer, below-grade parking, two lounges, a gym, bike rooms, a small rooftop terrace and a sheltered, private inner courtyard on the second floor.
“Haven Court Apartments delivers on the name, affording access to the dynamic and active street life that makes the Bronx great, but also providing a quiet, protected haven for residents to relax and enjoy their new homes,” Vertical Community Development Principal and Vice President of Development Leon Hovsepian III said.
“We are thrilled to bring this critically needed housing to the Bronx, but could only do so with the extraordinary support of NYC’s Department of Housing Preservation and Development, Housing Development Corporation, JPMorgan Chase Bank, the NYC Housing Partnership, the NYC Acquisition Loan Fund, Enterprise Community Loan Fund and many other development partners.”
“We’re proud to support Haven Court Apartments, bringing 164 new affordable homes to the Mott Haven neighborhood and expanding access to quality housing in the Bronx,” J.P. Morgan Community Development Banking Executive Director Julie Gonzalez said.
“At J.P. Morgan, our affordable housing investment work is rooted in the idea that strong communities create opportunity. With strong public-private collaboration, we’re creating lasting stability and opportunity for families and formerly homeless households in a thriving community.”
