Phipps Houses seeks to add 500 units in South Bronx
The nation’s oldest nonprofit organization dedicated to affordable housing is ready to turn the page on a largely vacant site in the South Bronx. Phipps Houses filed a rezoning application with the Department of City Planning for a site at 893-895 East 167th Street in the borough’s Foxhurst neighborhood, Crain’s reported. New York City’s largest affordable housing nonprofit wants to build a 497-unit, 377,000-square-foot development on the site, which Phipps acquired in 2019 for $22.5 million. All of the units would be earmarked for affordable housing. Nearly a fifth of them would also be reserved specifically for formerly homeless individuals. […]
This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
Hill House Home X Nestig Redefine Children’s Furniture With
A Whimsical, Sustainable Mini Chair Collection
Billionaire William Heinecke’s Minor International Aims To
Raise $1.5 Billion By Listing Hotel REIT In Singapore In
2026
Build-To-Rent Housing Leverages Demographics, Builds
Momentum
Smart Renovations That Boost Your Home’s Value And The Ones
That Don’t
Playing The Long Game: How To Manage Real Estate
Cycles
Billionaire Kwek Leng Beng’s CDL Sells 84% Of Residential
Towers Amid Singapore Property Boom
Think You Know Real Estate Seasonality In Manhattan And
Brooklyn? Think Again.
One In Five Homebuyers Willing To Pay $10K More For This
Feature
End Of Year Trend Report: The 5 Senses Redefine What “Home”
Feels Like
Why It’s An Exciting, Uncertain Time In Home
Improvement
