A new housing complex has opened at 960 Tiffany Street, with 161 apartments ranging from studios to three-bedrooms.
Tiffany Street Apartments is open to applicants earning between 27 and 80 percent of the federally established Area Media Income. In addition, 34 apartments have been set aside for formerly homeless individuals and families.
More than 60,000 applications were submitted for apartments when the building opened its lottery selection process in early July through NYC Housing Connect.
The Camber Property Group and Property Resources Corporation collaborated on the development, a partnership with a growing presence in affordable housing in Hunts Point and Longwood. 1000 Fox Street, an eight-story, 120 unit affordable project, and 960 Simpson Street, a six-story building with 80 apartments, are also in their portfolio.
“Access to truly affordable housing has and will continue to be the leading issue of our time,” said Councilman Rafael Salamanca, calling the complex “an example of smart development. As COVID exacerbates this demand, the opening of the 161-unit, 100 percent affordable Tiffany Street Apartments will provide Bronxites of all walks of life with the housing opportunities they need most.”
Louise Carroll, commissioner of the city’s Department of Housing Preservation and Development, touted the building being “paired with outdoor space and are in close proximity to community assets.” It will have an on-site resident manager, a fitness center, community gathering space, outdoor recreational space, bike storage and a laundry room. In addition, it is a short walk from the Simpson Street and Intervale Avenue 2/5 subway stations.
The project cost $60 million, and was funded through a combination of $40 million in tax-exempt bonds and subsidy from the city housing departments, as well as $15 million in private financing.