Longfellow Union
Bronx, NY
In May 2018, Bronx Pro Group and Avant Development were selected to develop 4 distressed properties in the Bronx (774 Union Ave, 993-995 Union Ave & 1042 Longfellow Ave) through HPD’s Affordable Neighborhood Cooperative Program (ANCP) as low equity HDFC cooperatives. The properties are currently owned by Restoring Communities and were formally managed by HPD’s Tenant Interim Lease (TIL) Program. In an effort to ensure long term stability for prospective cooperative shareholders, Long Union Developers LLC is substantially rehabbing where all units will be fully rebuilt, including new kitchens and baths, plumbing, roofs, upgraded electrical, energy efficient windows, and new intercom/electronic key card access systems. To save energy, all exterior walls have been insulated to current code requirements and boiler plants have been replaced with high efficiency boilers paired with zoned hydronic baseboard heating systems. All exterior facades have been repaired, pointed, and cleaned. Existing lobbies, public hallways and rear yards will be upgraded. The project has been designed to achieve certification under HPD’s 2016 Enterprise Green Communities Overlay. The project is financed via a CPC bank loan, HPD capital & an AHC grant. Total development cost is $32.8 million.