{"id":1004087450,"date":"2013-11-25T10:09:28","date_gmt":"2013-11-25T18:09:28","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=219890"},"modified":"2020-04-06T07:38:18","modified_gmt":"2020-04-06T15:38:18","slug":"construction-starts-on-80-million-soundview-housing-project-in-the-bronx","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/construction-starts-on-80-million-soundview-housing-project-in-the-bronx\/","title":{"rendered":"Construction Starts on $80 Million Soundview Housing Project in the Bronx"},"content":{"rendered":"<p style=\"text-align: justify;\"><em>By Veronica Grecu, Associate Editor<\/em><\/p>\n<div id=\"attachment_219892\" class=\"wp-caption alignright\" style=\"width: 310px\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/11\/Soundview-Family-Homes-The-Bronx.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-219892\" title=\"Soundview Family Homes - The Bronx\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/11\/Soundview-Family-Homes-The-Bronx.jpg\" alt=\"\" width=\"300\" height=\"171\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">Soundview Family Homes<\/p>\n<\/div>\n<p style=\"text-align: justify;\">The first phase of construction at a new affordable housing community in the Soundview neighborhood of the Bronx has begun.<\/p>\n<p style=\"text-align: justify;\">A joint venture between CPC Resources, Inc., L + M Development Partners, Lemle &amp; Wolff and The New York Housing Partnership, the $80 million Soundview Housing project will be developed under the New Housing Marketplace Plan (NHMP), Mayor Michael Bloomberg\u2019s multi-billion initiative to finance 165,000 units of low-income housing by the close of the 2014 fiscal year.<\/p>\n<p style=\"text-align: justify;\">Soundview Housing is located next to Soundview Park, a 205-acre green public space along the Bronx River. As reported by <em><a href=\"https:\/\/www.crainsnewyork.com\/article\/20131120\/REAL_ESTATE\/131129988\" target=\"_blank\" rel=\"nofollow\">Crain\u2019s New York Business<\/a><\/em>, the residential project will occupy a vacant lot owned by the New York City Housing Authority (NYCHA). Scheduled to be built in three phases, Soundview Housing will provide 206 units of affordable housing for the borough\u2019s low-income families and also for individuals and families on NYCHA\u2019s waiting list.<\/p>\n<p style=\"text-align: justify;\">Soundview Family Housing, the project\u2019s first and largest stage of construction, will cost $46.9 million to build. According to an official statement, the funds will be provided by a combination of tax exemptions from HDC, HPD, NYCHA, Wells Fargo financing and Resolution \u201cA\u201d funding.<\/p>\n<p style=\"text-align: justify;\">Designed by Magnusson Architecture and Planning to reference mid-20<sup>th<\/sup> century brick structures already existing in the area, the eight-story building will comprise 120 rental units of various sizes which will be available to families earning up to 60 percent of the Area Median Income (or less than $51,540 annually for a family of four). Residents will also have access to 42 parking spaces.<\/p>\n<p style=\"text-align: justify;\">The second phase of the project, a $34 million complex called Soundview Senior Housing, will break ground by the end of 2013 and will include 86 affordable senior housing units. Phase III of construction, which would comprise 16 two-family market-rate townhomes, will be developed depending on market conditions.<\/p>\n<p style=\"text-align: justify;\"><em>Soundview Family Homes rendering by\u00a0Magnusson Architecture and Planning<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The first phase of construction at a new affordable housing complex in the Soundview neighborhood of the Bronx began last week.<\/p>\n","protected":false},"author":258,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1600,21742],"tags":[1815],"class_list":["post-1004087450","post","type-post","status-publish","format-standard","hentry","category-new-york","category-latest","tag-national"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Construction Starts on $80 Million Soundview Housing Project in the Bronx - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/construction-starts-on-80-million-soundview-housing-project-in-the-bronx\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Construction Starts on $80 Million Soundview Housing Project in the Bronx\" \/>\n<meta property=\"og:description\" content=\"The first phase of construction at a new affordable housing complex in the Soundview neighborhood of the Bronx began last week.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/construction-starts-on-80-million-soundview-housing-project-in-the-bronx\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2013-11-25T18:09:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-06T15:38:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/11\/Soundview-Family-Homes-The-Bronx.jpg\" \/>\n<meta name=\"author\" content=\"Veronica Grecu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@VeraGrecu\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/construction-starts-on-80-million-soundview-housing-project-in-the-bronx\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/construction-starts-on-80-million-soundview-housing-project-in-the-bronx\\\/\"},\"author\":{\"name\":\"Veronica Grecu\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/e8362e8641769829162f16fe58091f62\"},\"headline\":\"Construction Starts on $80 Million Soundview Housing Project in the Bronx\",\"datePublished\":\"2013-11-25T18:09:28+00:00\",\"dateModified\":\"2020-04-06T15:38:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/construction-starts-on-80-million-soundview-housing-project-in-the-bronx\\\/\"},\"wordCount\":323,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/construction-starts-on-80-million-soundview-housing-project-in-the-bronx\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2013\\\/11\\\/Soundview-Family-Homes-The-Bronx.jpg\",\"keywords\":[\"National\"],\"articleSection\":[\"New York\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/construction-starts-on-80-million-soundview-housing-project-in-the-bronx\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/construction-starts-on-80-million-soundview-housing-project-in-the-bronx\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/construction-starts-on-80-million-soundview-housing-project-in-the-bronx\\\/\",\"name\":\"Construction Starts on $80 Million Soundview Housing Project in the Bronx - 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