3361 Third Ave.

Bronx, NY

Located at 3361 Third Avenue in the Morrisania section of the Bronx, NY, the project consists of sixty-three (63) units including thirty-eight (38) supportive housing units set aside for persons in need of supportive housing. The building meets Enterprise’s Green Communities Criteria and a LEED Silver certification. The project was the first Bronx Pro development to be constructed using prefabricated modular construction provided by Capsys. The project was financed utilizing the inaugural allocation of New York State’s Medicaid Reform Team (MRT) funding along with HFA tax exempt bonds, low income housing tax credit equity and HPD subsidy provided by the supporting housing loan program. The project was completed in July 2015. The Total Development Cost was $21MM.