693-697, 786 Franklin Avenue | 611 & 1405 St. John’s Place | 572 Prospect Place | 552 St. Mark’s Place |
582 Sterling Place | 992 Bergen Street
97 low-income units; 10 buildings
Rehab type: Building envelope
Status: Completed
Lender: NYC Dept. Housing Preservation & Development (HPD)
660 & 668 Madison Street | 186-88, 201 & 205 Malcolm X Boulevard | 796 & 828 Putnam Avenue | 721 & 723 Hancock Street | 680, 684 & 768 Jefferson Avenue
118 low-income units; 12 buildings
Rehab type: Building envelope
Status: Completed
Lender: NYC Dept. Housing Preservation & Development (HPD)
Dix Avenue | Far Rockaway, NY
2229, 2237, 2245, 2251 & 2259 Dix Avenue,
Far Rockaway, NY
130 units; 5 buildings
Status: Building stabilization underway
Lender: NYC Distressed Multifamily Fund
- Not-for-profit partner: Urban Homesteading Assistance Board
2629 Sedgwick Avenue | Bronx, NY
539-541 E. 147 Street | Bronx, NY
Kelly Street | Bronx, NY
Our Properties
1380 University Ave, Bronx NY
139 low-income units
Status: Completed May 2017
Severely distressed
Substantial rehab
Lender: NYC Housing Development Corporation (HDC)
- Permanent and Construction Financing: NYC HDC, Morgan Stanley, JP Morgan Chase, NEF Tax Credit Equity
- Not for Profit Partner: Urban Homesteading Assistance Board
- Planned amenities: community room, playground and recreational space
In the news:
- Brick By Brick: City, Private Developers Step In to Protect, Maintain Affordable Housing (NY1, August 28, 2014)
1520 Sedgwick Ave, Bronx, NY | “Birthplace of Hip Hop”
102 low-income units
Status: Completed Fall 2013
Moderate rehab
Construction & Permanent Financing : NYC Employee Retirement System, Morgan Stanley, CPC, NYC HPD Loans, Reso-A Loan from Council Member Helen Foster and NSP
Not for Profit Partner: Urban Homesteading Assistance Board
- Amenities: community room, playground, elevated outdoor terrace
In the news
- Tenants Return to Rehabbed, Preserved Birthplace of Hip Hop (Rooflines.org, October 22, 2013)
- Hip-hop Legend Lends Needed Hand for Morris Heights Building (NY Daily News, September 27, 2013)
- For Birthplace of Hip Hop, New Life
(New York Times, November 7, 2011)
916, 920, 924, 928 & 935 Kelly Street, Bronx NY
81 low-income units, 5 buildings
Status: Completed Spring 2013
Buildings were severely distressed; upon acquisition 3 out of 5 buildings were in HPD’s Alternative Enforcement Program
Permanent & Construction Financing: NYC Employee Retirement System, Morgan Stanley, JP Morgan Chase loan, HPD loan (Participation Loan Program), HUD NSP Funds -- NEF Tax Credit Equity
Development Partners: Banana Kelly Community Improvement Association, Inc. and Monadnock Construction
Amenities: community garden, green roof and gray-water filtration system in partnership with GrowNYC
Programs: Kelly Street Garden, Kelly Street Initiative in collaboration with The Laundromat Project, and additional programs with Banana Kelly Community Improvement Association, Inc. and other local organizations
In the news:
- Kelly Street Garden Wins Innovative Initiative Award from Real Food Media (Real Food Media, May 2, 2016)
- New Garden in the Bronx 'Creates a Community' (Wall Street Journal, June 18, 2014)
- Rennovations and Hope on a Block Once Marked by Blight
(New York Times, April 5, 2013) - Kelly Street Garden: One of 11 NYC Green Infrastructure Grant Program Winners(OCV Architects Press Release, April 30, 2012)
Franklin Avenue Cluster | Brooklyn, NY
Contact Us
5-14 51st Ave, Long Island City, NY 11101, USA | Phone: 212-682-2025 | info@workforcehousinggroup.com
55, 57, 61 Ravine Avenue, Yonkers, NY
62, 68, 74 Warburton Avenue, Yonkers, NY
2-8 Hudson Street, Yonkers, NY
2 Main Street, Irvington, NY
139 units; 8 buildings
Status: Phase 1 of 2 underway
Rehab type: Moderate rehab
Construction Financing: JPMorgan Chase letter of credit,
NYS Housing Finance Agency (HFA) loan, 4% tax credits,
NYS Attorney General funds- Not-for-profit partner: Urban Homesteading Assistance Board
Copyright © Workforce Housing Group. All rights reserved.
Miller Avenue | Brooklyn, NY
1380 University Avenue | Bronx, NY
Creston Avenue | Bronx, NY
539 & 541 East 147th Street Bronx, NY
21 low-income units, 2 buildings
Status: Completed January 2015
Substantial rehab
Buildings were severely distressed and had been in various rounds of HPD’s Alternative Enforcement Program
Lender: Community Preservation Corporation
Financing: Bank loan, HPD loan
Not for Profit Partner: Urban Homesteading Assistance Board
In the news:
- CPC, Citi Announce $250M Facility to Finance Affordable Housing (Commercial Property Executive, March 13, 2013)
2239, 2241, 2323 & 2333 Creston Avenue, Bronx, NY
120 low-income units, 4 buildings
Status: Completed May 2015
Substantial rehab
Buildings were severely distressed and had been in various rounds of HPD’s Alternative Enforcement Program
Permanent & Construction Financing: NYC Housing Development Corporation, Morgan Stanley, JP Morgan Chase, NYC HPD , NEF Tax Credit Equity
Not for Profit Partner: New York City Housing Partnership
In the news:
- 4 distressed Bronx buildings to get $28.6m rehab
(Crain's New York, June 26, 2013) - Buildings on Creston Ave in University Heights to get makeover from Workforce Housing Advisors
(Bronx News 12, July 18, 2013)
2629 Sedgwick Avenue, Bronx NY
30 market-rate units, 1 building
Status: Systems work completed
Lender: NYC Housing Development Corporation (HDC)
- Non-profit partner: Urban Homesteading Assistance Board
In the news:
Program Aims to Reduce Energy Costs and Keep Rents Affordable in Bronx (New York Times, April 26, 2015)
Westchester Cluster | Yonkers, NY & Irvington, NY
Putnam Avenue Cluster | Brooklyn, NY
433 & 437 Miller Avenue, Brooklyn, NY
25 units; 2 buildings
Status: Building stabilization underway
Lender: NYC Distressed Multifamily Fund
Not-for-profit partner: Urban Homesteading Assistance Board