Maple Mesa

The Housing Partnership and PWB Management Corp. closed on Maple Mesa in May 2012. Construction has since commenced on the site, located at 232 E. 169th Street (34 units) and 601 E. 163rd Street (25 units) in the Morrisania section of the Bronx, to transform vacant, fenced-in lots into studios, one-bedroom, and two-bedroom apartments that will provide housing for families earning less than 60% of AMI. “Successfully closing on Maple Mesa meant surmounting both a deed restriction and dealing with 12 feet of bedrock on the site,” said Peter Bourbeau, a PWB Management Partner. “This was made possible through work with cooperative partners such as the Housing Partnership, HPD, HDC, and Hudson Housing, and will allow for the construction of 59 units of affordable housing…5,000 sq. feet of community facility space will be created as well as 2,200 sq. feet of retail space for neighborhood-type shops.” Among the amenities are a community room, offstreet and under-building parking, an outdoor recreational and landscaped area, laundry room, tenant storage, and security systems. “The Housing Partnership is extremely pleased to participate in Maple Mesa with PWB Management,” said Ellen Kackmann, Director of Real Estate Development. “We consider this project an integral part of the continued reinvestment efforts in the Bronx.” Importantly, redevelopment of this site will provide construction job opportunities for local residents and employment opportunities for local vendors and suppliers. “The cooperation of all the various entities, who labored long and hard on this project, illustrates how these groups can work effectively together toward the common goal of providing safe, affordable housing to New York City’s residents,” said Ms. Kackmann. Indeed, the project is utilizing a variety of funding sources, including first and secondmortgage financing from the New York City Housing Development Corporation, a PLP loan provided by the New York City Department of Housing Preservation and Development, a City Capital Assistance Grant provided by the Bronx Borough President, and Low Income Housing Tax Credit Equity. Maple Mesa is expected to complete construction on or about October 2013.

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