Permanent financing for the $113 million project includes $43 million in HDC bonds, $7 million in subsidies from HDC and HPD programs, and approximately $53 million in Low-Income Housing Tax Credit equity. Residents have already begun moving into the building, which is expected to be fully leased by the end of 2024. Transit is available via the 6 train at the St. Lawrence Avenue subway station, which is an 8-minute walk from the property.
“Affordable housing in our city is a fundamental necessity, especially for our older adults,” said Bronx Borough President Vanessa L. Gibson. “Casa Celina is designed to foster a vibrant, supportive, and inclusive environment with holistic services that care for its tenants’ emotional, mental, and physical well-being. It will be a place where our seniors, especially those who have experienced housing insecurity, can find stability, independence, and a true sense of belonging.”
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