Melrose North
Bronx, NY
Awarded to Bronx Pro and Services for the UnderServed (S:US) through a NYCHA RFP, Melrose North is located at 341 E162st in the Melrose section of the Bronx. The new 11-story project is 154,213 sf with 171 new supportive and affordable housing units, a new trash compactor for NYCHA, a community facility space and a new accessible ramp for the adjacent Metro North station. The project serves households earning up to 50%, 60%, and 80% of AMI along with 103 units for supportive housing for the chronically homeless and survivors of domestic violence. The community facility space is leased to the DreamYard Project to be an arts education center where Bronx youth will learn professional development, design, and marketing for the burgeoning gaming industry.
Melrose North is designed and constructed to a Passive House standard that will significantly reduce the development's environmental impact as well as ensure the project’s long-term financial stability. Common area amenities include community and computer rooms, outdoor gym, laundry, play area, community garden, and 11th floor sun terrace. The building has 24-hour security and social service offices on the ground-floor of the building. The project is financed through HDC tax exempt bonds and subsidy, HPD’s Supportive Housing Loan Program, tax credit equity, and a grant from the Federal Home Loan Bank of New York. Supportive housing units are funded through a combination of NYC 15/15 HRA subsidy and ESSHI award. The ESSHI funding provides rental subsidy and social services dollars for victims of domestic violence. The total development cost is $91.8 million.