St. Philip Neri Apartments
Bronx, NY
Rockabill’s Role: Development Consultant
Client: Catholic Homes New York
Agencies: NYS HFA, NYC HPD, NYS OMH
Team: Think Architects!, Galaxy Contracting, BNY Mellon, CREA LLC, Nixon Peabody
St Philip Neri Apartments is a 186-unit development of low-income and special needs housing in two buildings adjacent to St. Philip Neri Church in the Bedford Park neighborhood of the Bronx. The two buildings include 3069 Villa Ave., which will be 12 stories and 85 units, and 3054 Villa Ave., which will be 14 stories with 101 units. The total unit count of 186 units is comprised of 56 studios, 60 one bedrooms, 65 two bedrooms, and 5 three-bedroom units. Each building will be developed in adherence to environmentally responsible and energy-efficient design, and will provide affordable and supportive housing to families and individuals.
93 units have been set aside for individuals with serious mental illness (56 units) and for formerly homeless families with a head-of-household with serious mental illness (37 units). Beacon of Hope, a Catholic Charities Community Services division will offer on-site care and supportive services.
The project will benefit from energy efficiencies and other green features, such as Energy Star appliances, LED/low-wattage lighting, low-flow water fixtures, high-efficiency heating system, high R-vale windows and insulation, air-tight construction to reduce heat loss, low/non-toxic building materials, and native drought tolerant plantings. The project will certify to Enterprise Green Communities.
Financing included NYS OMH operating and services subsidy, $55.3M in tax-exempt bonds, $26M in HFA subsidy, $4.8M in Seller Note, and tax credit equity of $38M.
