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A New Housing Residence:
Hughes House
During the Fall of 2008, Urban Pathways (UP) will break ground on a 55-unit housing
residence for the New York State Department of Mental Health priority population - homeless adults coming
out of state institutions who are seriously and persistently mentally ill. The building's site,
a vacant lot owned by UP, is located in between Hughes and Belmont Avenue in the South Bronx.
Click here to see a floor plan.
Financing
- Property Purchase price $1,225,000.
- Construction: OMH capital funding $10,867,476
- Furnishings: OMH funding $192,500
- Acquisition: $1,165,000 from OMH and $60,000 from UP. Note the property was sold for $60,000 over
the appraised value leaving UP to cover the gap from operations funds.
- Federal Home Loan Bank: Through the FHLB's Affordable Housing Program (AHP) UP was
awarded $741,000 as a developer's fee to be accessed at the completion of the project.
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More About the Project
- Hiring locally from the South Bronx: UP has asked the Bronx Borough President's office to
recommend contractors local to the South Bronx to carry out the project. In addition,
priority will be given to local residents, if qualified, when staffing the building.
- Architect Jonathan Kirschenfeld (famous for the NYC 'floating pool') has been retained for the project.
- Time Line
- Final architectural drawing will be approved no later than Summer 2008
- Construction will begin no later than October 2008; the project is estimated to be 18 months long
- Hiring of program staff will begin 90 days before the completion of construction
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