{"id":91121,"date":"2026-01-06T15:41:08","date_gmt":"2026-01-06T15:41:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/91121\/"},"modified":"2026-01-06T15:41:08","modified_gmt":"2026-01-06T15:41:08","slug":"joint-venture-announces-financing-of-266-new-affordable-apartments-at-renova-west-in-the-bronx","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/91121\/","title":{"rendered":"Joint Venture Announces Financing of 266 New Affordable Apartments at Renova West in the Bronx"},"content":{"rendered":"

\"Renova<\/a>The $193 million project will deliver a 19-story, transformative mixed-use supportive and affordable housing development, along with a new ICL Bronx Health Hub, which will expand access to integrated, whole-health physical and behavioral health care for the community.<\/p>\n

Gilbane Development<\/a>, the Institute for Community Living, Inc.<\/a> (ICL), Tredway<\/a>, New York City\u2019s Department of Housing Preservation and Development<\/a> (HPD) and Housing Development Corporation<\/a> (HDC) announced financing for Renova West at 860 Concourse Village East in the Morrisania neighborhood in the Bronx.<\/p>\n

Located steps from key transit and civic institutions in the South Bronx, Renova West will provide 266 new affordable apartments for individuals and families, paired with on-site social services and high-quality amenity spaces, including community spaces and a fitness center. Designed by Aufgang Architects, the project will be built to Passive House standards and achieve LEED\u00ae Platinum certification, significantly reducing energy use and operating costs while creating healthier homes.<\/p>\n

\u201cGilbane is proud to help bring Renova West to life \u2013 a project rooted in the belief that strong communities begin with stable, affordable homes and access to care,\u201d said Yarojin Robinson, Senior Vice President of Gilbane Development. \u201cThis development represents a meaningful investment in Morrisania, creating not only much-needed affordable and supportive housing, but a place where residents can feel connected, supported, and empowered to thrive. We are honored to partner with ICL, Tredway, HPD, and HDC to deliver a development that will have a lasting, positive impact on this New York City neighborhood.\u201d<\/p>\n

\u201cRenova West reflects ICL\u2019s belief that housing and health care are inseparable,\u201d said Jody Rudin, President and CEO of the Institute for Community Living. \u201cWe are intentionally joining affordable homes and wellness under one roof with an ICL Health Hub to create a seamless, whole-health model that integrates physical health care, behavioral health services, and the social supports people need to stabilize, recover, and thrive. By removing barriers to care and meeting people where they are, this development strengthens individual recovery while advancing health equity and community well-being in the heart of the Bronx.\u201d<\/p>\n

\u201cRenova West reflects our commitment to developing high-impact affordable housing that strengthens neighborhoods and creates a more equitable future for the people who live there,\u201d said Will Blodgett, CEO & Founder of Tredway. \u201cThis project will provide residents with the three pillars of upward mobility: quality housing, access to healthcare services, and educational resources. That work starts with delivering homes that foster security and opportunity. We look forward to working with our partners to create a dignified space for South Bronx residents to grow within their own community.\u201d<\/p>\n

\u201cHPD works every single day to deliver more affordable housing options for all types of New Yorkers \u2013 New Yorkers with families, New Yorkers with behavioral health challenges, and single New Yorkers and couples,\u201d said Acting HPD Commissioner Ahmed Tigani. \u201cRenova West brings together affordable housing, on-site supportive services for those who need it most, and state-of-the-art, environmentally friendly design to create over 265 new homes in the Bronx. We are thrilled to see this project move forward, and once completed, this project will be a rich community asset for years to come, delivering beautiful, stable homes for hundreds of New Yorkers and their families.\u201d<\/p>\n

\u201cHDC is proud to be part of projects like Renova West that support both health and housing stability,\u201d said NYC HDC President Eric Enderlin. \u201cWe look forward to working with our partners to deliver more than 260 affordable and supportive homes, along with the new ICL Health Hub and Community Clinic that will serve the South Bronx community for years to come.\u201d<\/p>\n

\u201cAs we prepare to break ground at Renova West next year, we want to recognize the need for quality housing and healthcare in so many New York City communities,\u201d said Raquel Diaz, Vice President & New York City Business Leader of Gilbane Building, which will construct the tower. \u201cGilbane is laser focused on bringing new homes and state-of-the-art facilities to help communities thrive.\u201d<\/p>\n

Supportive Housing Program, Building Design, and Community<\/p>\n

Renova West will include a mix of studio, one-, two-, and three-bedroom apartments, including 266 new affordable homes for low-income families and individuals from the surrounding community, and 160 supportive apartments, which will be reserved for formerly homeless households and individuals with behavioral health needs, who will have access to on-site supportive services provided by ICL. The remaining apartments will serve low-income families and individuals from the surrounding community.<\/p>\n

The residential supportive housing is designed to support stability, health, recovery, and long-term success. Features include:<\/p>\n

On-site supportive services: case management, care coordination and other support for residents
\nProperty management on-site, creating a safe, well-run environment and a single point of contact for tenants
\nIndoor community and program spaces for groups, classes, meetings and resident programming
\nA lush, landscaped courtyard with outdoor recreation areas shared across the campus, offering residents and community members a welcoming place to gather and rest away from the busy streets<\/p>\n

By combining supportive housing with high-quality family housing in a single, integrated building, Renova West advances a mixed-community model that promotes inclusion.<\/p>\n

ICL Health Hub<\/p>\n

A defining feature of Renova West is the approximately 7,000-square-foot Health Hub, to be operated by ICL. The Hub will provide a centralized front door to ICL\u2019s Bronx behavioral health and wellness services. The Bronx Health Hub will bring ICL\u2019s integrated care model of supportive services all under one roof, ensuring residents and the community have access to trauma-informed, recovery-oriented supports that promote long-term housing stability.<\/p>\n

Key elements of the Health Hub include:<\/p>\n

Integrated, trauma-informed care and support services that address physical health, mental health, and the social determinants of health, including behavioral health counseling, care coordination, housing stability, nutrition, employment, recovery supports, and connections to primary care and social services\u2014designed to meet people where they are.
\nA welcoming, dignified environment with finishes and design choices that emphasize comfort, wellness, safety, and respect<\/p>\n

The ICL Health Hub at Renova West will serve as a visible, neighborhood-based resource that helps address the need for accessible health services in the South Bronx.<\/p>\n

New York State Research and Development Authority (NYSERDA) has recognized the project through its Buildings of Excellence program, providing support for Renova West\u2019s high-performance design and positioning it as a model for sustainable, all-electric affordable housing<\/p>\n

Partners and Financing<\/p>\n

Renova West is the first step in a multi-phase master plan to preserve existing affordable housing and add new, mixed-use, health-focused development over time. Together, these investments will deliver long-term community benefits: better health outcomes, greater housing stability, local job creation, and a safer, more connected neighborhood in the heart of the Bronx.<\/p>\n

This capital stack\u2014blending City housing programs, tax credit equity, and private investment\u2014allows the team to deliver deep affordability, robust resident services, and a best-in-class sustainable building in a high-need neighborhood.<\/p>\n

City financing for Renova West includes a $48.5 million loan provided by HPD\u2019s Supportive Housing Loan Program (SHLP), along with a $17.3 million subsidy loan provided by HDC.<\/p>\n

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