2264 Morris Ave.

Bronx, NY

Privately acquired through financing from the Corporation of Supportive Housing, 2264 Morris is the new construction of a vacant lot located in the Fordham Heights neighborhood of the Bronx. The eleven story, 94-unit property contains a mix of low income, moderate income and supportive housing. The project is designed to a LEED Gold certification and participated in a pilot program for WELL certification. The financing includes New York State Housing Finance Agency Tax Exempt Bonds, a loan from the New York City Housing Preservation Development, Low Income Housing Tax Credits, New York State Medicaid Reform Team (MRT) funding and New York State Office of Mental Health funding. Total Development Cost: $47.1 million.