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NYCHA closes on $245M funding deal to build Libeskind’s affordable homes

The city has finalized a $245 million financing package to bring to life two new affordable housing developments, including one designed by world famous architect Daniel Libeskind.

Together, Casa Celina in the Bronx and Atrium at Sumner in Bed-Stuy, will create 393 new affordable apartments for New York seniors.

“Seniors are a top priority for this Administration’s ambitious affordable housing plan,” said HPD Commissioner Louise Carroll. “Casa Celina and Atrium promise to be thriving communities with seniors receiving the support they need to prosper.”

RENDERING OF CASA CELINA

Construction on the 205-unit Casa Celina building at a vacant parking lot site at NYCHA’s Justice Sonia Sotomayor campus and the 190-unit Atrium at Sumner building on NYCHA’s Sumner Houses campus in Brooklyn is expected to begin later this month.

The 16-story Casa Celina – named after Justice Sonia Sotomayor’s mother – will feature 158 studio apartments and 46 one-bedroom apartments, as well as one two-bedroom superintendent apartment, with 62 apartments set aside for homeless seniors and the remaining 142 apartments available to households earning at or below 50 percent of Area Median Income. NYCHA residents will be given preference for 36 of the apartments in the development.

Located on the corner of Watson Avenue and Thieriot Avenue, the building was designed by Magnusson Architecture and Planning and developed by Xenolith Partners; The Kretchmer Companies; Management LLC; and the not-for-profit Jewish Association Serving the Aging (JASA). Mountco will be serving as the project’s general contractor.

THE ATRIUM AT SUMNER

The Atrium at Sumner in Bedford-Stuyvesant will feature 130 studio apartments and 59 one-bedroom apartments, as well as one two-bedroom superintendent apartment, with 57 apartments set aside for homeless seniors and the remaining 132 apartments available to households earning at or below 50 percent of Area Median Income. NYCHA residents will be given preference for 33 of the apartments. The 11-story building is organized around a central atrium with corridors overlooking a year-round indoor garden on the ground floor.

The Atrium was designed by the world-renowned architecture firm Studio Libeskind and will be developed by Urban Builders Collaborative, LLC., RiseBoro Community Partnership, Inc., and Selfhelp Realty Group – The Melamid Institute for Affordable Housing.

The Atrium at Sumner is designed to Passive House Standards, resulting in 60 to 70 percent less energy consumption compared to the average New York City apartment building. The development will also feature a community garden for residents and outdoor seating adjacent to the building’s entrances. The Sumner Houses campus’ open space next to the new building will also receive a new playground, walking paths, lighting and seating.

Permanent financing for the $113 million project at Casa Celina includes $43 million in HDC bonds, $7.7 million in HDC Extremely Low & Low-Income Affordability (ELLA) subsidy, $52.7 million in Low Income Housing Tax Credit (LIHTC) equity, and $9.9 million from other sources.

Permanent financing for the $132 million project at the Atrium at Sumner includes $41 million in HDC bonds; a $12 million subsidy from HDC’s Extremely Low & Low-Income Affordability (ELLA) and HPD’s Senior Affordable Rental Apartments (SARA) programs; roughly $63 million in Low Income Housing Tax Credit (LIHTC) equity; $3.5 million in Reso A funds from Brooklyn Borough President Eric Adams, City Council Members Corey Johnson and Robert Cornegy, and the City Council’s Black & Asian Caucus; $2.2 million from the Dormitory Authority of the State of New York; $300,000 from the New York State Energy Research and Development Authority (NYSERDA) and $10 million other sources.

The New York City Housing Authority (NYCHA); the NYC Department of Housing Preservation and Development (HPD); and the NYC Housing Development Corporation (HDC) finalized the financing.

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