Marcy Sheridan Apartments

Affordable RentalNot-for-Profit Sponsorship

Marcy Sheridan Apartments is a newly constructed nine-story, 74-unit elevator building located on privately owned vacant land in the East Concourse neighborhood of the Bronx. The project is a mix of supportive housing and affordable housing for low-income families. It is the first project completed under NYS Housing and Community Renewal's Mixed-Income Pilot Program, an initiative that uses income-averaging and cross-subsidization to provide affordable housing for both low-income and moderate-income households. The project serves two populations: approximately 37 studio apartments targeted to single adults living with HIV/AIDS and referred by the NYC Human Resources Administration, and family-sized units for households at up to 50%, 60%, and 85% AMI. Services for the UnderServed provides 24/7 front desk and supportive services from a first-floor office suite. Amenities include a community room with a kitchen, a computer room and library, an exercise room, and a rear garden and children's play area. The building incorporates extensive high-performance and energy-efficient components including solar panels.

PROJECT DETAILS

Location

Corner of Marcy Place and Sheridan Avenue, East Concourse

Borough

Bronx

Units

Unit Description

74 affordable rental units in a nine-story elevator building (mix of supportive and affordable housing)

Developer

Dunn Development

Architect

SLCE Architects

Contractor

D.P. Group General Contractors

Program

NYS HCR Mixed-Income Pilot Program

HP Role

Not-for-Profit Sponsor

Income Targeting

Households at up to 50% AMIHouseholds at up to 60% AMIHouseholds at up to 85% AMI37 studio apartments for single adults with HIV/AIDS (HRA referrals)

Financing

Low Income Housing Tax Credits (LIHTC)State Low Income Housing Tax Credits (SLIHC)

Amenities

On-site social services officesCommunity room with kitchenComputer room and libraryExercise roomOutdoor garden, patio, and children's play areaSolar panelsEnergy-efficient building components24/7 front desk services (Services for the UnderServed)