Cedar Avenue

Bronx, New York

Partner

Community Access is one of New York City’s most respected and experienced nonprofit developers of supportive housing. At present, Community Access owns and manages over 800 units for low-income families and individuals with chronic psychiatric disabilities in buildings in Manhattan, Brooklyn and the Bronx. The organization currently has more than 150 additional units in development. In addition to offering on-site case management and related services in its own buildings, Community Access provides social services and property management for other nonprofit housing development organizations.

Scope of Work

Alembic Community Development partnered with Community Access to develop a 105-unit project at 1854 Cedar Avenue, in the Morris Heights neighborhood of the Bronx. Alembic structured project financing through an innovative combination of tax exempt bonds from the State of New York’s Housing Finance Agency (HFA), subsidies from New York State’s Division of Housing and Community Renewal (DHCR) and additional operating support from the State’s Office of Mental Health (OMH).

The project includes 55 studio apartments for formerly homeless individuals living with chronic mental illness, 5 studio apartments for low-income community residents and 45 two-bedroom units for low-income families. It features a green roof and recreational space overlooking the Harlem River and Washington Heights. The building is adjacent to the Morris Heights Station of the Metro-North train line, offering a 16-minute ride to Grand Central Terminal.

Impact

  • Development of 105 units of affordable and supportive housing adjacent to mass transit.
  • Pilot use of OMH funding with HFA financing, a model that the State has since replicated.
  • Provision of additional development capacity to Community Access, allowing the organization to focus its attention on the development of other supportive housing projects.

Cedar Avenue Apartments in the Bronx

Cedar Avenue Apartments in the Bronx

Cedar Avenue Apartments in the Bronx

Above: A view of Cedar Avenue Apartments.
Center: A Cedar Avenue tenant at the reception desk.
Below: The entrance to Cedar Avenue Apartments.