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Passive House Affordable Projects Opens Its Doors in the Bronx
Trinity Financial and MBD Community Housing Corporation recently cut the ribbon on 425 Grand Concourse, a $178-million high-rise affordable housing project in the Bronx. Reportedly it’s the nation’s largest Passive House project.
“Housing that is energy efficient, affordable and state of the art can be the norm as 425 Grand Concourse demonstrates,” said New York City Chief Housing Officer Jessica Katz. “This building will give hundreds of New Yorkers a place to call home while also bringing much needed resources to the community, including a new education facility and supermarket.”
Added Gregg Gerken, head of U.S. commercial real estate at TD Bank, “As the largest Passive House structure in the U.S., this building will help reduce energy consumption and improve the air quality for the residents and community. The combined environmental and social impact of this project makes this a meaningful one for the bank to stand behind.”
- ◦Development
- ◦Financing
