News: Brokerage

The Doe Fund affordable/supportive housing residence wins Queens & Bronx building association award

New York, NY The Doe Fund‘s Villa House residence won the Excellence in Residential Apartment Buildings Award from the Queens & Bronx Building Association. With more than 300 member companies, the QBBA has been one of New York City’s leading construction-related trade organizations since 1967. 

Villa House, located at 3188 Villa ave. in the Bronx, is home to over 68 residents. Originally opened in 2020, Villa House was designed by DeLaCour Ferrara & Church Architects and the building contractor was Mega Contracting Group, LLC.

Sixty percent of the 10-story building’s units are reserved for formerly homeless individuals, while the remaining 40 percent are occupied by individuals and households formerly on the NYCHA waitlist. The Doe Fund provides onsite supportive services to residents, including comprehensive case management, linkages to health care, and other critical services..

“We are very proud and fortunate to have worked with The Doe Fund’s amazing team and the talented DeLaCour Ferrara & Church Architects to construct this beautiful building that will provide much needed quality affordable housing to many New York families.” Hercules Argyriou of Mega Contracting Group, a member of the QBBA.

“The Villa Avenue project is a testament to The Doe Fund’s commitment to affordable and supportive housing. QBBA is excited and honored to present the Excellence in Residential Apartment Buildings to The Doe Fund,” said George Poulon, president of the Queens & Bronx Building Association.

John McDonald, executive vice president of The Doe Fund, said, “We are honored to receive this acknowledgment from the Queens & Bronx Building Association. Villa House—and more supportive and deeply affordable housing—will be an essential component of New York City’s inclusive recovery. When we invest in this kind of desperately needed housing, we’re investing in entire communities that for too long have gone underserved. We’re investing in solutions to the homelessness and housing crises. We’re investing in human capital and dignity.”

 

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.