University Morris Apartments

Bronx, NY

In September 2018, Bronx Pro Group was awarded management of 3 distressed properties in Morris Heights via NYC’s Third-Party Transfer program. A substantial rehabilitation of properties is under construction, including new kitchens, baths, plumbing, roofs, and electrical upgrades across each of the buildings. The project is financed via HPD Subsidy Programs and 9% Low Income Housing Tax Credit Equity. Total development cost is $32.11 million, and the project targets a December 2023 closing date.