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New York: $91 million affordable housing development in Bronx completed

Christian Fernsby |
Governor Kathy Hochul announced the completion of Arthur Avenue Apartments, a new $91 million affordable housing development with 177 apartments in the Belmont neighborhood of the Bronx.

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The development includes 54 apartments reserved for formerly homeless seniors in need of support services.

The sustainably designed building features 4,500 square feet of health oriented community space including an interior greenhouse with a teaching kitchen, a working vegetable garden for tenant use, and two landscaped outdoor terraces.

Arthur Avenue Apartments consists of a single nine-story building with 177 homes for households age 62 or older.

Seventeen apartments are available to households earning at or below 30 percent of the Area Median Income and 105 apartments are available to households earning at or below 50 percent of the AMI. 54 apartments are reserved for formerly homeless seniors with chronic health conditions, who will receive on-site supportive services and rental subsidies funded through the Empire State Supportive Housing Initiative and administered by the NYS Department of Health.

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