Supportive Housing Development Opens At 1159 River Avenue In Highbridge, The Bronx

 

Governor Kathy Hochul recently announced the opening of River Avenue, a 19-story affordable and supportive housing development at 1159 River Avenue in Highbridge, The Bronx. Designed by Urban Quotient, the structure yields 245 units and more than 20,000 square feet of commercial space, and is part of a larger commitment to increase housing accessibility in New York.

River Avenue is part of Governor Hochul’s $25 billion Housing Plan, which aims to create or preserve 100,000 affordable homes across the state, including approximately 10,000 with supportive services for individuals and families facing homelessness. Notably, 148 of the development’s 245 apartments are reserved for individuals and families emerging from homelessness.

River Avenue offers affordable housing to those earning at or below 80 percent of the surrounding area median income. It provides residents with a variety of amenities, including 24-hour security, a fitness center, and community rooms.

Financed with a combination of tax-exempt bonds, Low Income Housing Tax Credits, and state and city subsidies, the $120 million project is a collaborative effort between state, city, and private entities. It is located steps from stops for the Bx35 bus line and the 4 train at the 167th Street station.

“River Avenue stands as a testament to our belief that every New Yorker deserves a safe and affordable place to call home,” New York City Housing Preservation and Development commissioner Adolfo Carrión Jr. “It’s more than just a collection of bricks; it’s a celebration of 245 opportunities for New Yorkers to rewrite their stories—stories filled with hope, where single parents, families, and individuals can find the foundation to rebuild and start again.”