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11 Lafayette-Morrison/Boynton - Homeownership Initiative The first project in HSI's Homeownership Initiative, in August 2005, HSI and its financial partner, Apollo Real Estate Advisors, L.P., entered into a purchase contract to acquire 100% of the outstanding shares of Lafayette Morrison and Lafayette Boynton, two NYS State Mitchell-Lama housing corporations with a total of 1,865 units of affordable housing in eight 19-story apartment buildings in the Soundview section of the Bronx. Since June 2000, Housing & Services, Inc. (HSI) has been working with the Lafayette Morrison Tenant Association to acquire and convert Lafayette Morrison apartments (Mitchell-Lama housing about to “age out" of the Mitchell-Lama program, which created affordable living for low-to-moderate income families) into a resident controlled cooperative. In December 2004, HSI established a working relationship with the Lafayette Boynton Tenant Association to support a similar co-op conversion strategy for its development. The properties were constructed in 1963 (Morrison) and in 1972 (Boynton) and were operated by Benjamin and Herman Miller (the “Sellers‿) from the time of their construction until June 1988, when the New York State Division of Housing and Community Renewal (“DHCR‿) assumed control of the operation of the properties. This administrative default was due to mis-management and neglect by the owners, which resulted in unsafe and unlivable conditions. Since that time except for a brief period during mid-1992 to mid-1994, the Sellers and their predecessors have had virtually no role in the control, operation and maintenance of the properties. HSI engaged the private developer, Apollo Real Estate Advisors, L.P., to serve as the financial partner on this project. Acquisition closing on Lafayette Morrison and Lafayette Boynton was completed on December 20, 2005 in the amount of $97.5 M, which is $52,278 per dwelling unit. The transaction was 100% privately financed and involved no direct public funds. The success of this innovative acquisition structure exemplifies it as a viable option for preserving affordability for Mitchell Lama housing in the future. Bronx Borough President Adolfo Carrion Jr. and other elected officials of the Bronx, including New York State Senator Ruben Diaz, Assemblyman Ruben Diaz, Jr., City Council Members Annabel Palma and Marie del Carmen Arroyo helped to support this landmark project. HSI will help coordinate and assist in converting these units to cooperative status and selling the units back to current tenants at affordable prices, over the next three to five years. The Homeownership Initiative plans to expand the number of affordable housing units preserved to 2,000 within the next three years through this innovative method of selling back former Mitchell Lama units to existing low to middle income tenants at affordable prices. NYTimesLafayetteMorrison.jpg
10 WOODYCREST HOUSE Over nine million dollars in financing closed in April 2004 and construction was completed in 2006 on this 40-unit permanent, supportive housing residence for homeless families. Conde Nast and Domino Magazine, with eight top interior designers, donated their creative talents by designing beautiful and comfortable apartments for the families – utilizing all donated furniture. See Domino's website for more: http://www.dominomag.com Families receive on-site services including case management, substance abuse, vocational and individual counseling, food pantry, nutritional services workshops, holiday celebrations and ongoing education and recreation programs for children and their parents. Expert medical and mental health services is provided just next door at Highbridge-Woodycrest Center (developed by HSI in 1991), which specializes in serving patients with HIV/AIDS. We would like to thank the following designers for generously donating their unique talents and energy to this special place: Sara Bengur, Katie Lydon, Celerie Kemble, David Netto, Timothy Whealon, The Apartment, Ruthie Sommers and Thomas O'Brien. We would also like to thank our top furniture donors: Pier 1 Imports Pier 1 Kids Target JC Penney Benjamin Moore, official paint sponsor Pottery Barn and Pottery Barn Kids Elite Leather Co. eBay Jonathan Adler Umbra ZEBA Dyson Visual Comfort & Co. Hunter Douglas Tucker Robbins Whirlpool notNeutral Arc International Bed, Bath & Beyond Blu Dot Country Curtains DWELL Mikasa (Arc International) Michele Varian Middle Kingdom Zia Priven Lighting TAG Two's Company Also, thanks to our other generous donors to the project... Alex Schuchard, Artist Alexander Gorlizi Amenity Beauvais Carpets Bed, Bath & Beyond Beth Rawlinson Braemore Chapman Radcliff The Dash & Albert Rug Company David Weeks Lighting Distinctive Window Treatments Plus DKNY Home Ercole Fatboy Flos USA The Future Perfect Garnett Hill German Garcia Hable Construction Fabric Home & Haven Inhabit James Sommers J. Edlin Interiors John Robshaw Justin Kurlan, Artist c/o Leta Grzan of Mitchell-Innes & Nash, NY Kara Tobin Kemble Interiors Laurie Luczak Leap Lamp Shades Ligne Roset Luke Stettner, Artist Mac Carbonell, Artist Martine Fougeron de Mones Method Modern Fan Co. NettoCollection Nancy B. Westfall, Artist NurseryWorks Oeuf Design OFFI Plycon Van Lines Quadrille Wallpaper and Fabrics Quinze & Milan The Residence Furniture Design Group Richard Wrightman Roger and Goffigon Seacloth Tai Ping Carpets Thomas Wrede, Artist twenty2 Wallbands VITRA The Wasserman Foundation West Coast Trimming Corp. White Workroom ZENO Group for Whirlpool Woodycrest House.jpg
12 Edwin Gould Residence The Edwin Gould Residence is a $10M, permanent, supportive residence for 52 post-foster care youths completed in 2005. It is the City's first permanent supportive housing project solely for the "aging out of foster care" population. Onsite services include: case management, individual and family counseling, peer support groups, educational tutoring and mentoring, career services and job/internship placement. In addition, a local service collaborative, the Exodus Partnership, made up of other East Harlem businesses, social service, and health providers provide services on-site and at their own locations. The first floor of the Residence is entirely dedicated to educational and social services for clients. HSI worked with the Edwin Gould Foundation for Children and the Edwin Gould Academy to develop the project which is located at 55 East 110th Street in East Harlem. gould.jpg
13 BELMONT BOULEVARD II The William “Slim" Rodriguez Apartments Ten million dollars in HUD Section 202 financing helped create this 87-unit permanent housing residence for low-income seniors who will now be able to age in place in the Bronx’s Little Italy neighborhood. HSI has developed more than 350 apartments for seniors with the Belmont Arthur Avenue Local Development Corporation (BAALDC). Construction was completed at the end of 2004. Location: 2327 Southern Boulevard & 186th Street in the Bronx. noImage
14 NOTRE DAME APARTMENTS In 2004, HSI refinanced a HUD six million dollar, 9.25 percent interest mortgage for this 99-unit apartment building. Located in Bronx’s Little Italy neighborhood, this home for low-income seniors is the first HUD Sec. 202 project in NYC to be refinanced using taxable bonds and FHA 223(f) insurance. Bond proceeds will allow the owner to install grab bars and hand rails throughout all apartments, build a parking lot, and improve fire safety. It will also generate $100,000 a year to fund on-site social services including case management and educational and recreation programs for the elderly tenants. Location: 600 East 183rd Street, Bronx, NY. noImage
15 Cecil Hotel Opened in 1988, the Cecil is an HSI-managed residence which provides permanent housing to 89 formerly-homeless, single adults living in their own apartments. The Cecil was one of HPD’s first SRO Loan Program projects. HSI is currently planning a substantial rehabilitation to this building. Location: East 206-210 West 118th Street, NY, NY Cecil.jpg
16 The Narragansett An HSI-managed residence, the Narragansett provides permanent, supportive housing on the Upper West Side of Manhattan. Chase CDC & NYC financed this SRO; the project was completed in 1994 and HSI is currently planning a major upgrade to the facility. Location: Upper West Side Narragansett Building Photo.jpg
17 Kenmore Hall After undergoing a $34M gut rehabilitation with HSI as developer in 1999, this 326-unit apartment building provides permanent housing for mentally ill, low-income, and frail, elderly single adults. This is an HSI-managed property. The project was financed by LIHTC, Chase CDC, City, State & HUD. The Kenmore received a 1999 Best Practice Award from HUD and was also a Finalist for a Fannie Mae Foundation Maxwell Award for Excellence. Location: 143-47 East 23rd Street, Manhattan. Kenmore Hall.jpg
18 Equality House 60 units on the Lower East Side of Manhattan for low-income families and seniors, completed in September 1989 and sponsored by Asian-Americans for Equality. (LIHTC) Location: 176-180 Eldridge Street, Manhattan. Equality House.jpg
19 Project Green Hope 56 SRO and apartment units for female ex-offenders and their families, completed in May 1990 and sponsored by Project Green Hope. Location: 411-418 East 119th Street, NY, NY. noImage
20 Highbridge-Woodycrest Center 99 bed nursing facility for persons with AIDS and their families in the Bronx, financed by New York State Medical Care Facilities Finance Agency bonds. The project was completed in May 1991. Location: 936 Woodycrest Avenue, Bronx, NY. woodycrest.jpg
33 Scatter Site HSI oversees 20 permanent Scatter Site apartments with supportive services for individuals and families with at least one member suffering from HIV/AIDS in the Bronx. noImage
22 Sherman Avenue Apartments 126 apartments in the Bronx for low-income families, sponsored by Belmont Arthur Ave. LDC and completed in December 1991. Location: 960 Sherman Avenye, Bronx, NY. noImage
23 St. Mary’s Episcopal Center 40 beds for single persons with AIDS in Harlem, sponsored by St. Mary's Church and Episcopal Mission Society, and completed in June 1992. St Marys Episcopal Center.jpg
24 Crotona Park North Apartments 66 apartments for very low-income families in the Bronx, sponsored by Belmont Arthur Avenue LDC, completed in June 1992. Location: East 175th Street & Prospect Avenue, Bronx, NY. noImage
25 Belmont Blvd. Apartments 96 units for low-income seniors and handicapped, sponsored by Belmont Arthur Avenue LDC, and completed in March 1993. Location: 185th Street and Southern Boulevard, Bronx, NY. Belmont Boulevard Apartments.jpg
26 GENESIS II Provides apartments for 21 low income families. This project was completed in 1990 and was sponsored by the Genesis II Museum for International Black Culture. This was a $1.8 million project, financed by NYS DHCR. Location: 460 Convent Avenuue, NY, NY Genesis II.jpg
27 Genesis II Museum Provides studio apartments for 16 formerly homeless adults and museum gallery space. Completed in 1993, this project was sponsored by Genesis II Museum. Location: 1787 Amsterdam Avenue, NY, NY. Financing was provided by NYS Homeless Housing Assistance Corporation. Genesis II Museum.jpg
28 Episcopal Mission Society Group Home Completed in 1991, this project created a group home for adolescent foster children. Sponsored by Episcopal Mission Society, this project was financed through $400,000 from the Chase Community Development Corporation. Location: 2749 University Avenue, Bronx, NY. noImage
29 Jasmine Court Apartments HSI served as a consultant to help develop a congregate residence for 60 individuals with AIDS. This project was completed in 2002 and was sponsored by South Bronx Overall Development Corporation. Location: Bronx, NY noImage
30 Osborne El Rio Program HSI served as conultant to renovate 14,000 square feet of space for a substance abuse treatment program for young offenders. Financing was provided by NYC Office of the Deputy Mayor for Public Safety and NYC Division of Substance Abuse Services. This project was completed in 1992. Location: 813 Westchester Avenue, Bronx, NY. noImage
31 Sanctuary Apartments Completed in 1991, Sanctuary Apartments provides 49 apartments and community space for Domestic Violence survivors. Sponsored by Sanctuary for Families, $4.5 million in financing was provided through a NYC Housing Preservation and Development loan. Location: South Bronx. noImage
32 Housing Preservation Initiative The Cecil and Narragansett Hotels, HSI's two oldest supportive housing projects, are each slated to receive $4M in capital upgrades over the next year and a half. Both buildings will undergo major renovations; each will receive new heating plants, new roofs, facade repairs, life safety upgrades and improvements to common areas and individual dwelling units. The goal of this initiative is to ensure that both projects continue to serve residents in place for the next twenty years. Pre-development financing is being provided by the Harlem Community Development Corporation and the Corporation for Supportive Housing. Permanent financing is being provided by NYC HPD and NYSERDA. Narragansett Building Photo.jpg