1380 University Avenue
2629 Sedgwick Avenue
539-541 E. 147 Street
Copyright © Workforce Housing Group. All rights reserved.
Contact Us
5-14 51st Ave, Long Island City, NY 11101, USA | Phone: 212-682-2025 | info@workforcehousinggroup.com
Our Properties
539 & 541 East 147th Street Bronx, NY
21 low-income units, 2 buildings
Status: Completed January 2015
Buildings were severely distressed and had been in various rounds of HPD’s Alternative Enforcement Program
Substantial rehab
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)
1380 University Ave, Bronx NY
139 low-income units
Status: Substantially complete
Severely distressed
Substantial rehab
Lender: NYC Housing Development Corporation (HDC)
- Construction Financing: JP Morgan Chase letter of credit, HDC Low-income Affordable Marketplace (LAMP) -- 4% tax credits
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)
2239, 2241, 2323 & 2333 Creston Avenue, Bronx, NY
120 low-income units, 4 buildings
Status: Completed May 2015
Buildings were severely distressed and had been in various rounds of HPD’s Alternative Enforcement Program
- Substantial rehab
Permanent Lender: NYC Housing Development Corporation (HDC)
Constrution Financing: JPMorgan Chase letter of credit, HPD loan, HDC LAMP Preservation 4% Low Income Housing Tax Credits
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 in progress
Non-profit partner: Urban Homesteading Assistance Board
Lender: NYC Housing Development Corporation
In the news:
Program Aims to Reduce Energy Costs and Keep Rents Affordable in Bronx (New York Times, April 26, 2015)
1520 Sedgwick Ave, Bronx, NY | “Birthplace of Hip Hop”
102 low-income units
Status: Completed Fall 2013
Moderate rehab
Permanent Lender: NYC Employee Retirement System
Financing: Community Preservation Corporationl oan, HPD Loan, HUD NSP, Reso-A Loan from Council Member Helen Foster
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 Lender: NYC Employee Retirement System
Construction Financing: JP Morgan Chase loan, HPD loan (Participation Loan Program), HUD NSP Funds -- 9% Low Income Housing Tax Credits
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)
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
Status: Occupied, building envelope repairs in progress
Lender: NYC Dept. of 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
Status: Occupied, building envelope repairs in progress
Lender: NYC Dept. of Housing Preservation & Development (HPD)