Monadnock Development, Workforce Housing Advisors, and the Banana Kelly Community Improvement Association transformed this group of buildings once notorious for fires, drugs, and mold into safe, clean places the current residents are proud to live in. A combination of construction financing, NYC Department of Housing Preservation and Development subsidy, and federal Low Income Housing Tax Credits helped make this development possible.
Location: Bronx, NY
Type: Low Income Mod Rehab
Total Development Cost: $16.5MM
Development Team: Monadnock Development, Workforce Housing Advisors
Architect: OCV Architects