Arthur Avenue Apartments
Supporting Homeless and Medically Frail Seniors
Located in the Belmont neighborhood of the Bronx, the 177-unit new construction community is expected to be completed in early 2021. Upon completion, Arthur Avenue will provide housing to seniors ages 62 and above and permanent supportive housing to homeless and medically frail seniors.
- Nine-story building
- Black and white exterior panels
- Studio and One-bedroom units
- Biophilic amenities aimed at connecting residents with the natural world
Amenities and Community
- Green Wall in the lobby
- Integrated Greenhouse
- Community Room with a Teaching Kitchen
- Working vegetable garden where seniors will be encouraged to grow their own food and share with their community
- Large community rooms connected to outdoor terraces
- On-site management
- Two elevators
- Social services suite
- Bike storage
- Secured entry with intercom
- All units accessible for the disabled
- Spacious floor plans comprised of 1 bedroom and studio apartments
- Full kitchens
- Full bathrooms
- PTAC air-conditioning units
- Luxury vinyl flooring
- Window coverings
- Robust supportive services to 54 medically frail, formerly homeless seniors
- Individual and group intensive case management
- Case management geared to acclimating a formerly homeless population from New York City’s shelter system to stable community living
- Support physical and emotional wellness
- Financial education
- Health services including prevention and maintenance
- Community social engagement
- Art and educational programming.
Financing and Rental Subsidy
The $91 million development is being financed using a combination of tax-exempt bonds issued by the New York State Housing Finance Agency (HFA), and additional subsidies provided by HFA and the New York City Department of Housing Preservation and Development (HPD) through its Senior Affordable Rental Assistance (SARA) program, and syndicated tax credit equity. The construction period tax-exempt bonds are being credit enhanced by Chase. The $36 million in tax credit equity was financed through an investment from a Freddie Mac Low-Income Housing Tax Credit (LIHTC) Fund with Boston Financial Investment Management.
Project-based Section 8 rental subsidy is being provided by NYC HPD, with additional rental subsidy and ongoing operational funding for supportive services provided by the NYS Department of Health under the Empire State Supportive Housing Initiative (ESSHI). Arthur Avenue Apartments is designed to meet Enterprise Green Communities criteria with a host of planned sustainable features, including EnergyStar appliances, high-efficiency boilers and hot water heating systems. This is the second collaboration between the Hebrew Home and Foxy Management.
In the Press
Arthur Avenue just got a little greener with the groundbreaking of Arthur Avenue Apartments, the new affordable housing development with services for low-income older adults. This energy-efficient development fosters independence and features support services provided by the Hebrew Home at Riverdale, including activities that promote socialization, life skills training, education and fitness-based instruction groups, nutritional education, cooking, and music therapy.