$91 m Williamsbridge Gardens housing project completed in New York

Williamsbridge Gardens, an affordable supportive housing project in the Williamsbridge section of the Bronx, New York is now complete. Recently, RuthAnne Visnauskas, Commissioner for New York State Homes and Community Renewal made the announcement at the opening event. The project is a result of a JV between CUCS, L+M Development Partners and B&B Urban. 

The developers built the $91 million Williamsbridge Gardens project  for families seeking  access to supportive services and quality homes.  Additionally, the housing project also complements Governor Hochul’s $25 billion comprehensive Housing plan for New York. 

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The Williamsbridge Gardens development took place on a vacant parcel,  one block away from  Metropolitan Transport Authority’s Gun Hill Road station. Therefore, the property’s location is in close proximity to grocery stores, neighborhood retail, healthcare and other services. It’s also  within walking distance of Van Cortlandt Park.

Number of units at Williamsbridge Gardens

Williamsbridge Gardens will feature 170 affordable apartments, spread across two eight-story buildings.  These apartment units will consist of  30 studio, 55 one bedroom, 57 two bedroom and 27 three bedroom apartments. The developers have reserved all units on the property for residents earning at or below 80% of the Area Median Income. However, half of these units will be set aside for those people with a mental health diagnosis and their families. Additionally,the city’s Department of Housing Preservation and Development’s rental assistance initiative funded the rental assistance and on-site services.

Williamsbridge Gardens has been equipped with amenities such as a 24/7 desk security, computer lab and children’s library. The community also has an exercise room, laundry rooms and a large landscaped interior courtyard. In addition, the building offers energy efficient appliances including a rooftop photovoltaic solar installation. 

The developers received funding from permanent tax exempt bonds worth  $54 million.. They also met requirements for the state’s Brownfield Cleanup Program which provided another  $8.5 million in tax credit. Furthermore, funding for the project also came from the  federal low income housing tax credits. While New York’s Homes and Community Renewal provided $12 million.