NYCHA Finalizes Deal to Construct 182 Affordable Apartments in the Bronx
NYCHA, the New York City Department of Housing Preservation and Development, and the Housing Development Corporation recently announced the closing of Twin Parks Terrace, a new development that will consist of 182 affordable apartments on underutilized NYCHA-owned land in the Bronx. Construction is anticipated to start in January 2021.
Twin Parks Terrace will be located on Webster Avenue between East 183rd Street and East 184th Street in the Fordham Heights section of the Bronx. The project site is currently a parking lot next to the Twin Parks West Houses development, which underwent a conversion in 2018 through NYCHA’s Permanent Affordability Commitment Together (PACT) program.
“Today’s announcement is just the latest example of the Authority’s commitment to creating affordable housing at a time when communities across New York City have a dire need for it,” said NYCHA’s Executive Vice President for Real Estate Development Jonathan Gouveia. “We look forward to working with our many partners to make this exciting project a reality.”
When completed, Twin Parks Terrace will be 14 stories high and include 182 apartments. Twin Parks Terrace was designed by Danois Architects and will be developed by Settlement Housing Fund and Joy Construction. The project includes 41 studio apartments, 77 one-bedroom apartments, 56 two-bedroom apartments, and 7 three-bedroom apartments as well as one superintendent unit. Additionally, there is 10,489 square feet of commercial space and 1,883 square feet of community facility space. Social services will be provided by BronxWorks. The residential apartments will be affordable to residents from 30 percent to 80 percent of the Area Median Income (AMI), with 46 apartments set aside for homeless households. NYCHA residents will be given preference for 34 of the total apartments available.
On-site amenities will also include a laundry room, outdoor playground, meeting rooms, children’s playroom, recreation room, fitness room, and bike storage. Solar photovoltaic panels will be positioned on the roof. The development will also feature a mural created in partnership with Groundswell, a group that invites youth from the surrounding community to help design and paint murals with social justice themes. The development team will also work with BronxWorks to train NYCHA residents in relevant construction skills and hire residents throughout the construction process.
Photo caption: A rendering of the new Twin Parks Terrace affordable housing development (photo credit: Settlement Housing Fund, Inc. and Joy Construction Corporation)
