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.