New York & Tri-State + Apartments | April 19, 2021

Largest Habitat for Humanity Multifamily Project Opens in the Bronx

Habitat for Humanity New York City (Habitat NYC) and the Almat Group marked the opening of Sydney House in the Williamsbridge neighborhood of the Bronx. Future home to 56 low- to moderate-income families, the affordable, limited-equity, cooperative development is the largest multifamily building ever built by a Habitat for Humanity affiliate.

Located at 839-843 Tilden St., the development consists of 26 one-bedroom apartments, 23 two-bedroom apartments, and seven three-bedroom apartments as well as a shared 2,000-square-foot recreation space. The building was designed by Union Street Studios, LLC and constructed by Mega Contracting.

Sydney House residents are all first-time homebuyers, providing one percent cash down payments and accessing a Habitat for Humanity 2%, fixed-interest-rate mortgage made possible through the State of New York Mortgage Agency. Homeowners also fulfilled Habitat for Humanity’s “sweat equity” program and participated in financial and homeownership education.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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