4399 WHITE PLAINS ROAD WINDOWS

“As one of the nation’s top affordable housing financiers, we at Merchants are always looking for new ways to serve the housing needs of populations across the U.S. “The Doe Fund has been a pillar of supportive housing in New York City for over 30 years, and we are honored to have been part of the recent The Plains transaction in the Bronx,” said Michael Milazzo, senior vice president, originations at Merchants Capital. Total development costs are estimated at $48.5 million.

4399 WHITE PLAINS ROAD WINDOWS

To improve energy efficiency, the property will feature a green roof and solar array, high-efficiency electrical and HVAC systems, LED lighting throughout, ENERGY STAR-certified appliances in each residence, and triple-glazed windows with thermal breaks that reduce the amount of energy needed to maintain a preferable internal temperature. The Doe Fund will deliver housing and clinical case management services to residents, including mental health and medical care. Preference will be given to local residents who are homeless or at risk of becoming homeless.Īmenity spaces will include tenant storage, a flexible lounge and multipurpose space, on-site laundry facilities, a fitness center, and outdoor recreation space. Upon completion, available homes will be available to low and moderate-income individuals and households who meet the income eligibility thresholds ranging from 30 to 80 percent of the area median income (AMI). “When completed, the Plains will join this essential continuum of care, providing high quality homes to 98 of our fellow New Yorkers most in need, as well as their families.”ĭesigned by OCV Architects, the building will comprise 82,465 square feet.

“I’m proud to have overseen the growth of The Doe Fund’s transitional, affordable, and supportive housing portfolio to over 1 million square feet,” said John McDonald, executive vice president of housing at The Doe Fund.

As the latest project from The Doe Fund and Robert Sanborn Development, the building will provide 98 affordable homes, 20 apartments reserved for tenants 62 and older, and on-site supportive services for 49 formerly homeless individuals.Ĭonstruction is scheduled to begin Wednesday, May 25. Construction is set to break ground this week at 4519 White Plains Road, a new affordable and supportive housing development in the Wakefield section of The Bronx.

4399 white plains road