425 Grand Concourse

Organization Name: Trinity Financial, Inc. & MBD Community Housing Corp.

Project Title: 425 Grand Concourse

Project Location: 425 Grand Concourse Bronx, NY 10451 Mott Haven neighborhood

Project Description:
425 Grand Concourse is a 26-story, 277-unit mixed-use, mixed-income project located in the Mott Haven neighborhood of the Bronx. The visually stunning, 310,000 square-foot affordable housing project was developed by Trinity Financial, along with MBD Community Housing Corporation (a locally-based non-profit organization). One of the largest Passive House-certified multifamily developments in North America, the project units are affordable to households at a wide range of incomes (from below 30% to 130% of AMI), with 28 units designated for formerly homeless households. All residential units are income-restricted, with 193 units deemed permanently affordable under NYC regulatory requirements. The project’s design and finishes are comparable to luxury market-rate developments, offering resident access to an impressive package of amenities, including laundry facilities on every floor, bicycle storage, a fitness center, an outdoor recreation deck, outdoor rooftop garden, and community rooms. In addition to much-needed high-quality affordable housing, 425 GC provides the community with a CUNY educational facility, an affordable healthcare facility, a cultural space, and a locally-operated supermarket.

Community Impact:
425 Grand Concourse Exemplifies what can be achieved when developers, elected officials & local leaders work to create projects with solutions to serve a community’s diverse needs. Each of the building’s mixed-use amenities were developed with that in mind:
• Supermarket: Offering a crucial resource, fighting back against health issues associated with lack of fresh food.
• Healthcare center: Damian Family Care Center provides preventative care frequently denied to the local community due to location, cost, or both. Damien offers primary care & dental services for people with low incomes as well as the uninsured or under-insured.
• Education Facilities: CUNY Hostos Community College space offering Accelerated Study in Associate Programs, which give financial resources & academic support services for low-income students.
• Passive House: Airtight façade keeps out environmental hazards allowing residents to have filtered, fresh outside air in every apartment. The building will consume up to 70% less energy for heating & cooling than a conventional housing project & lowers carbon impact.
• Cultural Center: For an arts group to utilize the space & bring in ongoing culture & education for the community

Organization Description:
Founded in 1987, Trinity Financial is a diverse, community-driven, team of real estate professionals with a proven track record, developing sites from New York to Greater Boston. Our work spans half a dozen residential & commercial specialties with over $3 billion in transformative development work. MBD is a Bronx 50l(c)(3) nonprofit organization founded in 1974. MBD's mission is to improve the quality of life of the South Bronx community through housing development, property management, economic development, and the delivery of human services.

Team Members:

Developers: Trinity Financial, Inc. &MBD Community Housing Corp.
Architect: Dattner Architects
Contractor: Monadnock Construction
Legal Counsel: Nixon Peabody
Management: Trinity Management