News: Brokerage

VOA-GNY and Sanborn celebrate completion of YP Senior Residence

Bronx, NY Mayor Eric Adams and governor Kathy Hochul made known the completion of YP Senior Residence, a 117-unit affordable housing development in the Morris Heights neighborhood reserved for older New Yorkers who meet specific income restrictions. The $81 million project includes 37 supportive apartments where eligible tenants will receive onsite supportive services, building on the Adams administration’s record producing historic amounts of supportive housing and senior housing in the last two fiscal years.

Apartments at YP Senior Residence are available to households aged 55 or older and earning up to 60% of the area median income, with a vast majority reserved for New Yorkers 62 and older. The development includes 37 units reserved for older New Yorkers experiencing chronic homelessness who are eligible for onsite supportive services. YP Senior Residence also includes sustainable features such as rooftop solar panels, as well as a variant refrigerant flow heating and cooling system that captures and repurposes heat already in the environment. The building features Energy Star appliances, LED lighting, energy recovery ventilation for improved indoor air quality, water-conserving plumbing, and a green roof.

The development is designed to promote a supportive environment for socialization to help combat isolation. It is full of indoor and outdoor gathering spaces, including communal lounges on each floor, a rooftop terrace, and a landscaped courtyard. The project’s developer and onsite supportive services provider is the Volunteers of America - Greater New York (VOA-GNY), with Robert Sanborn Development serving as the co-developer.

“Older New Yorkers are often the anchors of our communities and the stewards of our shared history. That’s why, at HPD, we are deeply committed to ensuring that those who helped build and sustain their neighborhoods can age with dignity in safe, affordable homes,” said New York City Department of Housing Preservation and Development (HPD) acting commissioner Ahmed Tigani. “Today’s event is a testament to the incredible work that can happen when we work together — guided by our values and commitment to take care of our neighbors, including those who need a bit of additional support — and deliver real, tangible results.”

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