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New York & Tri-State  + Uptown/Bronx  + Finance  | 

Catholic Homes NY Lands $89M to Build Affordable Housing in the Bronx 

Catholic Homes New York, a division of Catholic Charities of the Archdiocese of New York, has secured $89 million to create 126 affordable homes, including 63 units with supportive services, in the Bronx’s Mott Haven area. 

Located at 671 Tinton Avenue, the project involves constructing a 12-story building on the site of a parking lot for St. Anselm’s Church. The development will offer various affordable housing options, including units for different income levels. The building will feature energy-efficient and climate-friendly elements, along with amenities such as laundry facilities, a library, a community room, and outdoor recreational areas.  

Financing for St. Anselm’s includes $39.2 million in Federal Low-Income Housing Tax Credits (LIHTC) and $22.6 million in subsidy from New York State Housing Finance Agency (HFA). TD Bank provided a $47.4 million construction loan and Richman Housing Resources is the tax credit syndicator. Rockabill, a consultant and development partner for affordable and supportive housing, arranged the loan.  


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About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.

  • ◦Financing
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