GREEN SCENE: Staying Affordable

Three decades ago, the Rev. Dr. Fletcher C. Crawford had a vision for affordable housing on land next to the Union Grove Baptist Church in the Bronx, where he was pastor. His vision is coming true: Developer Union Grove Associates, a JV between the church and Macquesten Development, broke ground on the $27M, 84-unit rental building on Hoe Avenue and E. 172nd St. a few weeks ago. Not only is it going to be a haven for low-income families and people with special needs, but building it green will further help bring costs down for tenants, says Macquesten president Rella Fogliano, above with Rev. Crawford and Bronx borough president Ruben Diaz Jr. at the groundbreaking.
Green components will include a co-generation plant, permeable sidewalks, submetering, installation of PTAC heating/cooling units, motion sensors for lighting, Energy Star windows and appliances, and a high-albedo roof system. The project, which will surpass the Division of Housing & Community Renewal Green Building Criteria, even has potential for LEED certification. Building green won't put a premium on the building, she says—one of Macquesten's past affordable housing projects in Yonkers had a co-gen plant and the 10% savings were passed on to tenants. Since construction started,150 people have already stopped by to ask for applications, as it's an area where very few people can afford to own their home.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's New York Newsletters
Related Stories

Texas Flips Blue, Putting Data Center Boom On Notice

Hynes Vows To Bring Property Tax Stability As New Cook County Assessor

Donalds Makes History With Win For Florida Governor, Voters OK Property Tax Amendment

Supertall Assemblage Comes Together At Long-Vacant Midtown Site: The N.Y. Deal Sheet

Fannie Mae, Freddie Mac Rewrite Underwriting Standards For NYC's Rent Freeze

Banks Are Manhattan's Latest Hot Retail Tenant

The Geo Group To Reopen 2,329-Bed Immigration Facility In Texas

What's At Stake For CRE In Tuesday's U.S. Midterm

RXR Marketing Executive Lauren Maturo Dies At 32

From Pandemic Darling To Cautionary Tale: Pickleball Clubs Face A Reckoning After Betting Big On Retail Space

Weil Gotshal Wind-Down Leaves 830K SF Hole In America's Office Market

Meet Bisnow's 2026 New York Power Women Honorees