Project Description
The Applicant, E149BX LLC, is seeking approval of construction financing from the New York City Department of Housing Preservation and Development (NYC HPD) and the New York City Housing Development Corporation (NYC HDC) (the Proposed Action) to facilitate the construction of a 100% affordable housing development located in the Melrose neighborhood of the Bronx. The Development Site, located at 290 East 149th Street, is comprised of Bronx Block 2330, Lot 16 (a midblock through lot) and fronts on East 148th Street and East 149th Street (Development Site). This lot is under the owership of HP 292 East 149th Street Housing Development Fund Company, Inc., an affiliate of E149BX LLC. The Development Site is currently vacant and contains construction fencing on the East 148th Street and East 149th Street frontages. The Applicant proposes to construct a nine and ten-story, 174,462 gross-square-foot (gsf) mixed-use building which will contain 164 dwelling units in approximately 140,621 gsf of residential space. Approximately 49 of the 164 dwelling units would be affordable to seniors under the Affordable Independent Residences for Seniors (AIRS) program. The project would also include approximately 16,236 gsf of commercial space, approximately 605 gsf of community facility space, and 31 below-grade parking spaces.