The Doe Fund Receives TCO for Biggest Affordable & Supportive Housing Residence Yet
At 255 units, 1325 Jerome Avenue is the largest residence in The Doe Fund’s growing portfolio of affordable and supportive housing.
NEW YORK, NY— The Doe Fund has received a Temporary Certificate of Occupancy for its new affordable and supportive housing residence at 1325 Jerome Avenue in the Bronx, which will serve formerly homeless individuals as well as individuals and households from the NYCHA waitlist, with an emphasis on prospects from the local community. Tenants will begin moving in around July 15th.
At 187,000 square feet, 14-stories and 255 units, Jerome Avenue is the largest of The Doe Fund’s 11 affordable and supportive housing residences in operation and development. The residence features 82 studio units, 92 one-bedroom units, 53 two-bedroom units, 27 three-bedroom units, and one live-in superintendent unit.
A portion of the units are dedicated to those with supportive services needs through a New York State Empire State Supportive Housing Initiative (ESSHI) award. The remaining units are reserved for low-income families between 37-57% AMI. Referrals will come via an affordable housing lottery, with a portion allocated for households who currently live in the surrounding community. The development will also include 26,000 sq. ft. of high quality retail space.
The Doe Fund will provide onsite supportive services to residents, including comprehensive case management, linkages to health care, and other critical services, such as job preparedness, employment training, and substance use prevention services. Other amenities for residents include 24-hour professionally staffed security, energy-efficient appliances and building systems, and shared community spaces, including a bike room, community room, and garden.
The building was designed by GF55 Partners. Key public project partners include New York State Housing Finance Agency (HFA), New York City Department of Housing Preservation and Development (HPD), and Empire State Supportive Housing Initiative (ESSHI).
“As New York City bounces back from the pandemic, we must ensure that the recovery is shared by everyone,” said John McDonald, Executive Vice President of Real Estate at The Doe Fund.
“We are thrilled to be leading the way on just that by delivering 255 critically-needed affordable homes to The Bronx. Projects like these are essential to make a difference in our city’s notorious housing crisis and serve those among us most in need.”
