Press Releases

Breaking Ground Opens Park House: New Affordable Housing for Families in the Bronx

THE BRONX, NEW YORK – Breaking Ground, New York’s largest supportive housing developer, today celebrated the opening of Park House, the agency’s first ground-up, all-affordable residence for families with children. Breaking Ground was joined by key partners in this development, including New York City Housing Development Corporation, New York City Department of Housing Preservation and Development, New York State Office of Mental Health, New York State Office of Temporary and Disability Assistance/Homeless Housing Assistance Corporation, Federal Home Loan Bank of New York/Astoria Bank, and Wells Fargo, N.A. Additional major support was provided by the JPMorgan Chase Foundation. Breaking Ground acquired the site in 2014 with a bridge loan from the New York City Acquisition Fund and the Low Income Investment Fund.

Located at 4275 Park Avenue, Park House delivers 248 units of affordable housing to the Tremont neighborhood of the Bronx, including 40 permanently affordable units made possible through the City’s Voluntary Inclusionary Housing program. More than half of the apartments feature two- or three-bedrooms. Designed by the renowned COOKFOX Architects, Park House echoes the neighborhood’s beautiful masonry apartment buildings and helps instill a sense of pride and dignity for residents who for years were without secure, stable housing.

“Park House demonstrates the greater outcomes that can be achieved through public-private partnership buoyed by the commitment of remarkable non-profits like Breaking Ground," said Housing Development Corporation President Eric Enderlin. “Thanks to the hardworking teams at Wells Fargo, the Federal Home Loan Bank, SONYMA, JP Morgan Chase Foundation and our city and state agencies, this 100 percent affordable building will provide much-needed supportive services to 20 formerly homeless households, include 40 permanently affordable apartments, and bring opportunity for a better future to all 248 individuals and families that will soon call Park House home.”

“Creating and preserving affordable homes for our city’s hardworking families is a top priority. All of the 248 units at Park House will be affordable, and 40 will remain so permanently through the City’s Voluntary Inclusionary Housing program,” said Housing Preservation and Development Commissioner Maria Torres-Springer. “I want to thank our many partners on this project, who are playing an important role in providing the affordable housing and supportive services that our city’s most vulnerable populations so deeply need.”

“For decades, Breaking Ground has been serving those living on the streets through providing quality housing with on-site supports to build and restore lives. But in response to the city’s affordable housing crisis, we knew we had to do more,” said Brenda Rosen, President and CEO of Breaking Ground. “We are thrilled to open our first building serving families and children today. Park House will ensure that hundreds of families can grow and thrive free from the worry that their kids won’t have a safe place to sleep at night. We are proud to play an important role in helping the Bronx to remain affordable for hard working New Yorkers as part of our community revitalization efforts now and well into the future.”

“We were blessed with the opportunity to design healthy, sustainable and affordable housing for families,” said Rick Cook, Founding Partner of COOKFOX Architects. “At Park House, we created a building of depth and substance with beautiful hand-set masonry to rebuild the historic street-wall and mend an urban block along two important avenues in the Bronx.”

"Wells Fargo is proud to be part of Breaking Ground's Park House project, providing affordable housing for low-income New Yorkers. This is a model of sustainable development that will strongly promote a decent and secure quality of life not just for the families who will call Park House home, but for the entire surrounding neighborhood. Wells Fargo is firmly committed to fostering stronger communities and greater opportunity for families to establish successful lives throughout our financing programs. The Park House development and our partnership with Breaking Ground on multiple fronts exemplifies our commitments to build a better, more inclusive society for everyone," said Alan Wiener, Managing Director of Wells Fargo Multifamily Capital.

“With more than 3,500 units of affordable housing in New York City alone, Breaking Ground is a vital part of the city’s housing needs,” said José R. González, president and CEO of the Federal Home Loan Bank of New York. “The Federal Home Loan Bank of New York has been proud to support Breaking Ground on past projects, and we are honored to join with Astoria Bank to help make Park House a reality.”

The nearly 244,000 square-foot, 12-story residence provides 248 apartments, primarily two- and three-bedrooms, and is designed to reach Enterprise Green certification. In early 2018, Park House will be joined with Breaking Ground’s new Webster supportive housing residence, currently nearing completion, through a beautiful shared landscaped courtyard. These combined projects will bring 418 beautifully designed affordable homes for some of New York City’s most vulnerable residents, in addition to considerable community benefits and improved street activity along Webster Avenue in the Bronx.

Amenities at Park House include a community space, bicycle storage, onsite laundry for residents, and a landscaped courtyard.

Park House is equipped with high performance boilers, energy efficient lighting fixtures and controls, water-saving fixtures and fittings, EnergyStar appliances, and extensive green roof areas with drought resistant plantings.

Including Park House, its third residence in the Bronx, Breaking Ground now owns and manages more than 3,500 units of supportive and affordable housing in New York City, with additional units in upstate New York and Connecticut. With three additional Bronx residences planned, and several more throughout the five boroughs, Breaking Ground has nearly 1,500 units of supportive and affordable housing in its development pipeline.

About Breaking Ground
Breaking Ground is New York’s largest supportive housing provider. Since 1990, Breaking Ground has helped more than 13,000 people escape and avoid homelessness. Breaking Ground operates 22 transitional and permanent residences, primarily in New York City, providing safe, stable, beautiful housing for those who need it most. Breaking Ground also runs, under contract with DHS, street homeless outreach services in all of Brooklyn, Queens, and a portion of Manhattan.

About New York City Department of Housing Preservation and Development (HPD):
The New York City Department of Housing Preservation and Development (HPD) is the nation’s largest municipal housing preservation and development agency. Its mission is to promote quality housing and diverse, thriving neighborhoods for New Yorkers through loan and development programs for new affordable housing, preservation of the affordability of the existing housing stock, enforcement of housing quality standards, and educational programs for tenants and building owners. HPD is tasked with fulfilling Mayor de Blasio’s Housing New York: A Five-Borough Ten-Year Plan to create and preserve 200,000 affordable units for New Yorkers at the very lowest incomes to those in the middle class. For more information visit www.nyc.gov/hpd and for regular updates on HPD news and services, connect with us on Facebook, Twitter, and Instagram @NYCHousing.

About New York City Housing Development Corporation (HDC):
In 1971, the New York State Legislature created the New York City Housing Development Corporation (HDC) as a supplementary and alternative means of supplying financing for affordable housing that was independent from the City's capital budget. The flexibility built into HDC’s authorizing statute allows it to amend its programs and goals in response to the changing economic climate. As a result, HDC has become the leading local housing finance agency in the nation, outperforming many of the nation’s largest banks in the volume and dollar amount of bonds issued. Since 2014, HDC has leveraged more than $4.5 billion in bond financing and devoted more than $480 million in direct subsidy from its corporate reserves to support Mayor de Blasio’s housing plan.