The Doe Fund has taken a major step toward developing a new affordable and supportive housing community in New York City.
The homeless services nonprofit announced that it has closed on construction financing for its 3118 Webster Avenue development in the Bronx.
The 10-story, 109-unit building will be developed in partnership with Urban Builders Collaborative—the development affiliate of Lettire Construction Corp., the project’s general contractor—and architects Curtis + Ginsberg. It will feature 39 supportive housing units for individuals and families who have experienced chronic homelessness, alongside 70 affordable units for tenants earning between 40% and 80% of the area median income.
The apartments will include 41 studio, 27 one-, 30 two-, and 10 three-bedroom units, as well as a two-bedroom unit for a live-in superintendent.
Funding for the development is coming from the New York City Department of Housing Preservation and Development’s Extremely Low and Low-Income Affordability (ELLA) program, tax credit equity from Red Stone Equity Partners, construction financing from Bank of NY Mellon, permanent financing from Merchants Capital, acquisition capital from the Raza Fund, and discretionary funding from the New York City Council.
Features of the residence will include an interior courtyard with outdoor recreation space; energy-efficient appliances, light fixtures, and heating/cooling systems; bike storage; a community room, a gym, and a laundry room; and 24/7 front desk security.
In addition, the building will contain a 1,500-square-foot commercial retail storefront that will integrate residents into the larger Norwood community. The ground floor will also include offices for on-site supportive services provided by The Doe Fund, such as case management, substance abuse counseling, physical and mental health support, and assistance in accessing educational, training, career, and employment resources.
“The Doe Fund has been leading with proven solutions to combat homelessness for more than 30 years,” said Jennifer Mitchell, president and CEO of the nonprofit. “3118 Webster Avenue will bring a critical solution to the North Bronx: high-quality, affordable homes with services that ensure our neighbors at risk of homelessness can live with dignity. In doing so, 3118 Webster Avenue will join 12 other Doe Fund residences open or in development that serve nearly 1,400 individuals and families.”
