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PROJECTS

1193 Fulton Avenue, Bronx NY                                

1193 Fulton Avenue (Bronx, NY)                               

  •  Located in the Morrisania neighborhood of the Bronx, 1193 Fulton Avenue is a 25,489 S.F. affordable housing development with 25 residential units and six parking spaces

  • Construction 100% completed in May 2020 with TCO received and units pre-leased

  •  8 units for veterans (Section 8 vouchers), 12 low-income units (57% of AMI), and 4 moderate-income units (80% of AMI)

  • Additional project amenities include outdoor recreational areas, bicycle parking, laundry facility and on-site superintendent

  • Green initiatives including energy efficient boiler and HVAC systems, enhanced insulation and energy star appliances

  • Project funded with 9% Low Income Housing Tax Credits (LIHTCs), conventional mortgage financing (JP Morgan Chase) and support from NYC’s Department of Housing Preservation and Development (HPD)

  • Property tax abatement from NYC under the 420-c program

  • Co-developers Silver Wave Equities LLC (affiliated with Sorani Finance and Norsalin Real Estate) and Apex Building Group are certified MBEs (Minority-Owned Business Enterprises) 

2800 West Diamond Street, Philadelphia PA    (Currently in Development) 

        Philadelphia Affordable Housing 

​        2800 West Diamond Street (Philadelphia, PA )

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  • ~50,000 S.F. development in Strawberry Mansion near Fairmount Park with 46 residential units, 23 parking spots and 16 bicycle spaces​

  • Financing sources are preliminary and subject to change

  • Land acquired in partnership with Philadelphia Accelerator Fund

  • Zoning and construction permits in-place (shovel-ready project)

  • Additional project amenities include green roof, multi-purpose lounge and convenient in-unit washers & dryers

  • Energy-efficient HVAC systems and appliances; compliance with PHA’s Housing Choice Voucher (HCV) quality requirements 

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Learn more about this project here: 

Affordable Housing Developers

NYC - Philadelphia

 

 

GET IN TOUCH:

Tel: 347.560.4667

Email: info@silverwaveequities.com

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CONTACT US:

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