About this Project

Clarke Place Senior Residence is a new rental building made possible by the Volunteers of America – Greater New York (VOA-GNY). Built to meet the growing demand of subsidized housing for seniors, these permanent affordable apartments will allow them to “age in place.” This 14 story, 122 unit masonry building is VOA-GNY’s largest project and will provide permanent housing for very-low and low-income seniors, with 37 units for chronically homeless seniors.

INTUS Supera double pane casement and fixed windows are helping the project achieve a LEED Platinum certification, along with “alternative energy elements like a roof-mounted solar panel system, a rainwater irrigation system, a green roof.” This 88,483 SF building includes a “large community room that opens up to a rear courtyard with a built-in kitchen for summer barbecues and events, administrative offices, and several resident lounges.”

Financing was made possible with the assistance from the New York City Housing Development Corporation (HDC) and the Department of Housing Preservation and Development (HPD). Construction financing included 4% Low-Income Housing Tax Credit equity, tax exempt bond, HPD/HDC subsidy loan, HPD SARA, New York State Energy Research and Development Authority, HDC Extremely-Low and Low-Income Affordability Program, and deferred developer fees. The property was also awarded two Reso A grants – $500,000 from the office of Bronx Borough President Ruben Diaz Jr. and $250,000 from the office of Council Member Vanessa Gibson – to go toward capital costs on the project.