Trinity Financial and MBD Community Housing Corp. selected as development team for mixed-income, mixed-use project
A joint venture between Trinity Financial and MBD Community Housing Corp. will build 241 new affordable housing apartments on the location of the former P.S. 31 school in the Bronx’s Mott Haven neighborhood, announced New York City officials.
The development team was selected after a competitive request for proposals process. In addition to housing for low- and moderate-income households, the mixed-use and mixed-income development will include a supermarket with healthy food options, a charter school, a medical facility, cultural and community spaces, a social services facility, and a rehabilitated playground that is currently closed.
This is really exciting news. We and our development partner, MBD Community Housing Corp., worked very hard to put together a program worthy of this important location,” said Kenan Bigby, managing director of Trinity Financial. “The creative weaving of housing, education, and social services is what a modern urban neighborhood should be all about.”
With support from the Department of Housing Preservation and Development (HPD) and the New York City Housing Development Corp. (HDC), the development of this city-owned parcel will be financed under mayor Bill de Blasio’s Housing New York: A Five-Borough, Ten-Year Plan. […]