Listen to this articleElected officials, state agency executives and community leaders will join a Long Island-based developer Tuesday to cut the ribbon on a $64 million affordable housing project in the Fordham section of the Bronx.
Medford-based Concern Housing, a nonprofit agency that provides affordable housing options and support services, developed the nine-story, 102-unit apartment building called St. James Terrace at 2520 Jerome Ave. The project was built on a site adjacent to the historic St. James Episcopal Church, which opened in 1865.
The new development brings a mix of studios, one-, two-, and three-bedroom apartments with monthly rents ranging from $1,134 to $2,129. The supportive units are for renters at and below 50 percent of the area median income (AMI) and the remaining affordable units are for renters at and below 70 percent of the AMI. All of the apartments in the building are now leased and occupied by tenants.
St. James Terrace includes a rooftop terrace, resident lounges and multi-purpose rooms, laundry room, bicycle storage, fitness room and office and social service space for use by Concern’s on-site social service staff. In addition to providing affordable and supportive housing, residents of St. James Terrace and the church community will have access to a new landscaped courtyard located between the church and the residential building.
The development site is owned by St. James Episcopal Church and is adjacent to the church and St. James Park, a city-owned public park. The site had been occupied by a one-story church building built in 1958 that was demolished to make for the apartment building, which also has a new community facility space on the first floor.
Ralph Fasano, the executive director of Concern Housing is expected to be joined at the ribbon-cutting ceremony by Ruthanne Visnauskas, commissioner of New York State Division of Housing and Community Renewal; State Assemblymember Ydelka Tapia; Najwa Awad, New York City Field Office director of New York State Office of Mental Health; and Dana Greenberg, director of the Bureau of Housing and Support Services at the New York State Office of Temporary and Disability Assistance.
Concern Housing, a provider of housing for veterans, persons with disabilities and families in need of affordable housing, currently serves more than 1,500 individuals and families in over 250 locations throughout the New York metropolitan area.
