PROJECTS

Bruckner Boulevard

PROJECT STATS

Completed March 2020
New Construction, Affordable, Supportive
Community Access
Monadnock Construction
215 apartments, social services
Community Access
$90.7 million
Think! Architecture and Design PLLC

Alembic served as the financial consultant for the supportive and affordable housing project at 985 Bruckner Boulevard, Bronx. Through this scope of work, Alembic advised Community Access on:

  • Advising Community Access on all available funding options for financing permanent supportive housing
  • Preparing pro forma development and operating budgets and assisting Community Access in negotiating the same with government funders, banks, and equity investors
  • Preparing the financial portions of applications for government funding

The 985 Bruckner Boulevard Housing Development is one of the pioneers in large-scale supportive housing with an emphasis on community building through building features including on-site healing-focused services and family-based programming for tenants who need support.

Financing

NYC Housing Development Corporation; NYC Department of Housing Preservation and Development; 4% Low Income Housing Tax Credits syndicated by Richman Housing Resources; and the NYS Office of Mental Health

Photo: Severin Architects (full exterior), Sean Simes Photography

OTHER PROJECTS

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