BY ALEX MITCHELL
A new housing development
for homeless individuals
and others is coming to
the south Bronx this week.
Property Resources Corporation
and Camber Property
Group announced that
the 100 percent affordable
Tiffany Street Apartments
at 975 Tiffany St., which are
now open with a wide variety
of unit types for different
family sizes from studios to
three-bedroom apartments.
Out of the 161 units, 34
have been set aside for formerly
homeless individuals
and families, according to
the property group.
The remaining 20 percent
are affordable units ranging
between 27 to 80 percent of the
area median income (AMI).
Since its housing lottery
opened in July, there were
over 60,000 applications.
“Access to truly affordable
housing has and will
continue to be the leading issue
of our time,” said south
Bronx Councilman Rafael
Salamanca, Jr. “As COVID
exacerbates this demand, the
opening of the 161-unit, 100
percent affordable Tiffany
Street Apartments will provide
Bronxites of all walks of
life with the housing opportunities
they need most, From
units for formerly homeless
individuals and families, to
units at the deepest affordability,
to units for working
families, Tiffany Street
Apartments is an example of
smart development.”
This is the third south
Bronx development between
Property Resources Corp. and
Camber Property Group. The
partnership also developed
975 Tiffany St. Courtesy of Camber Property Group
1000 Fox St., an eight-story,
120 unit affordable project, as
well as 960 Simpson St., a sixstory,
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BRONX TIMES R 24 EPORTER, DECEMBER 18-24, 2020 BTR
80-unit building.
The $60 million project
was funded through a combination
of $40 million in taxexempt
bonds and a subsidy
from Housing Preservation
Development, Housing Development
Corporation, and $15
million in low income housing
tax credit equity.
“As our city grapples with
COVID-19, it is incumbent on
us to create housing for all
New Yorkers — especially
the formerly homeless — who
need our assistance to begin
to break the cycle of poverty,”
said Rick Gropper, principal
and co-founder of Camber.
Amenities available to residents
at the Tiffany Street
Apartments include an onsite
resident manager, fi tness
center, community gathering
space, outdoor recreational
space, bike storage and laundry
room.
The affordable building is
located a near both the Simpson
Street and Intervale Avenue
2 and 5 subway stations;
it is also a short distance from
the Southern Boulevard Business
Improvement District.
“What families need in this
moment are safe, secure and
affordable homes. These 161
affordable homes are paired
with outdoor space and are in
close proximity to community
assets,” said HPD Commissioner
Louise Carroll.
Affordable housing
in Foxhurst
Will be available for homeless
population and others
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