For Immediate Release: Wednesday, December 5, 2018
Contacts: General HPD Press Contact, email@example.com
Steve Mott (HELP USA), firstname.lastname@example.org
New York City Officials Join HELP USA, CMC Development, and Partners to Celebrate the Grand Opening of a New Permanent Supportive Housing Development in the Bronx
984 Woodycrest Avenue in the Bronx is home to 48 extremely low- and very low-income households with 29 units set-aside for people with special needs. HELP USA is providing onsite supportive services to all residents of this new development.
Bronx, NY – The New York City Department of Housing Preservation and Development (HPD) joined HELP USA, CMC Development, LLC, and the New York City Housing Authority (NYCHA) to celebrate the grand opening of the Woodycrest Apartments at 984 Woodycrest Avenue in the Highbridge section of the Bronx. The new development contains 48 affordable studio apartments, 29 of which are reserved for formerly homeless individuals, including veterans. The remaining apartments serve low-income households. The building also features onsite HELP USA social service offices, a gym, community room and ample outdoor space.
“Every new building we open under Housing New York represents our serious commitment to combatting this city’s affordability crisis, and the security of home for more New Yorkers in desperate need of affordable housing. This building brings 48 new, high-quality homes and supportive services to the Bronx, including 29 apartments set aside for New Yorkers who have previously struggled with homelessness,” said HPD Commissioner Maria Torres-Springer. “I thank our partners at HELP USA for their work to serve some of our city’s most vulnerable New Yorkers, and wish a warm welcome home to the new residents, who can now sleep easier knowing that they have a permanent, secure and affordable place to live for years to come.”
“This building is a physical manifestation of everything HELP USA stands for,” said David Cleghorn, Chief Housing Officer at HELP USA. “Woodycrest Apartments is affordable housing with services on site: built by a team of public and private organizations committed to the same cause. This is truly the solution to the housing crisis in New York City – and we are proud to be here today cutting the ribbon."
“Providing supportive housing to 48 families in need is crucial to the future of our City,” said NYCHA Interim Chair and CEO Stanley Brezenoff. “As part of Mayor Bill de Blasio’s Housing New York Plan, NYCHA is pleased to provide Section 8 vouchers to support this project in the Highbridge section of the Bronx so that low-income and formerly homeless individuals, including veterans, can have a safe and affordable home for generations to come.”
“The development of the state-of-the art, Woodycrest Apartments building is aligned with CMC Development Group’s mission of providing Quality Affordable Housing and Investment in Emerging Communities for those individuals in greatest need,” said Shaun Belle, President of CMC Development. “We are especially pleased that this unique development partnership represents a key step in meeting NYC’s Supportive Housing goals."
The financing of this new building was made possible through Mayor Bill de Blasio’s Housing New York Plan to build and preserve 300,000 affordable homes by 2026.
984 Woodycrest Avenue is a six-story building with a total of 31,342 gross square feet. In addition to the 48 newly constructed studio apartments, the building features social service office space that serves the tenants, and a shared community space for residents. Services administered by HELP USA include comprehensive case management, counseling, and other services.
The total development cost for this project was approximately $16,610,352. Local Initiatives Support Corporation (LISC) acted as the construction lender for this development. HPD provided Low-Income Housing Tax Credits. Raymond James was the tax credit syndicator. HPD also provided federally funded HOME Funds in the amount of $6 million. The New York State Energy Research and Development Authority (NYSERDA) provided $48,000 in financing. NYCHA provided 48 project-based Section 8 vouchers to support the development of this project.
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The New York City Department of Housing Preservation and Development (HPD) is the nation’s largest municipal housing preservation and development agency. Its mission is to promote quality housing and diverse, thriving neighborhoods for New Yorkers through loan and development programs for new affordable housing, preservation of the affordability of the existing housing stock, enforcement of housing quality standards, and educational programs for tenants and building owners. HPD is tasked with fulfilling Mayor de Blasio’s Housing New York Plan which was recently expanded and accelerated through Housing New York 2.0 to complete the initial goal of 200,000 homes two years ahead of schedule—by 2022, and achieve an additional 100,000 homes over the following four years, for a total of 300,000 homes by 2026. For full details visit www.nyc.gov/hpd and for regular updates on HPD news and services, connect with us on Facebook, Twitter, and Instagram @NYCHousing.
HELP USA is a national homeless service provider and lowincome housing developer serving at risk populations including families, veterans, and victims of domestic violence. HELP USA currently serves more than 9,000 people every day at 52 programs and residences across five states. Since its founding in 1986, HELP USA has served more than 500,000 men, women, and children, and developed in excess of 2,500 units of housing. For more information visit: www.helpusa.org
CMC Development Group is a NYS Certified MBE developer of affordable and market rate real estate in urban markets. Our mission is to promote the preservation and development of emerging communities and improve the economic and environmental conditions of underserved markets throughout the New York Metropolitan area. CMC has 400 units in its pipeline and the development of 984 Woodycrest Avenue, is both an honor and a testament of our public and private partnerships.
The New York City Housing Authority's (NYCHA) mission is to increase opportunities for low- and moderate-income New Yorkers by providing safe, affordable housing and facilitating access to social and community services. Almost 400,000 New Yorkers reside in NYCHA’s 325 public housing developments around the five boroughs, and another 235,000 receive subsidized rental assistance in private homes through the NYCHA-administered Section 8 Leased Housing Program. For more information, visit http://www.nyc.gov/nycha and for regular updates on NYCHA news and services, connect with us via http://www.facebook.com/NYCHA and www.twitter.com/NYCHA.