1070 Washington Ave.

Bronx, NY

In April 2012, Bronx Pro began new construction on a new LEED Gold project in the Morrisania section of the Bronx. The project was financed through a combination of federal Low Income Housing Tax Credits (LIHTC), conventional bank financing, New York City HOME Funds, Bronx Borough President’s capital dollars and construction and operating financing from the New York City Housing Authority (NYCHA) through its Replacement Housing Factor (“RHF”) capital fund. Ten of the rental units will be set aside for persons in need of supportive housing, targeting NYNY III. The Total Development Cost was $22.1 million.