Habitat for Humanity NYC has teamed up with developers Almat Group to construct a 56-unit affordable co-op building in the Bronx’s Williamsbridge neighborhood.
The project, named Sydney House, is the first building to be constructed under the city’s Open Door affordable housing initiative—which funds the new construction of co-op and condo buildings for affordable to moderate and middle income households— and will become the “largest single structure ever built by a Habitat affiliate,” says a press release.
Sydney House will bring 26 one-bedrooms, 24 two-bedrooms, and 6 three-bedrooms to the neighborhood, giving New Yorkers that chance at home ownership for a price that won’t break the bank. It is unclear at this time what asking prices will go for and who will be eligible for the units, but those details will pour out as the development progresses along.
The building will take shape at a vacant plot of land at 839-843 Tilden Street and will break ground this Friday at 10:30 a.m.