FOR IMMEDIATE RELEASE: June 24, 2025
CONTACT: media@nycha.nyc.gov | (212) 306-3322

NYCHA and Partners Close on Financing for $593.7 Million PACT Project to Renovate the Homes of More Than 3,000 Residents at Northwest Bronx Scattered Sites 

NEW YORK – On Tuesday, June 24, the New York City Housing Authority (NYCHA) closed on the financing for the Northwest Bronx Scattered Sites, a $593.7 million Permanent Affordability Commitment Together (PACT) project that will bring comprehensive renovations for more than 3,000 residents living in 14 residential buildings across eight developments in the Bronx. The buildings have now converted to Project-Based Section 8 through the federal Rental Assistance Demonstration (RAD) program, unlocking funding that will allow the PACT partner team – The Arker Companies; Dabar Development Partners, a Minority- and Woman-owned Business Enterprise (MWBE); and SBV RE Investments LLC – to address the capital needs of the developments and begin fully rehabilitating 1,669 apartments, as well as shared spaces, grounds, and building infrastructure, to improve residents' quality of life. The PACT program also maintains residents' rights and preserves affordable rents for all households. 

Following the financial closing, Progressive Management will handle the day-to-day property management responsibilities at the Northwest Bronx Scattered Sites, which include 1010 East 178th Street, Bailey Avenue-West 193rd Street, East 180th Street-Monterey Avenue, Fort Independence Street-Heath Avenue, Harrison Avenue Rehab Groups A and B, Twin Parks East (Site 9), and University Avenue Rehab. Social services will be expanded through existing partnerships with the on-site social services providers and will include senior programming, benefits assistance, after-school programs, and healthy food distribution. Additional details on the planned investments and improvements are outlined in the Northwest Bronx Scattered Sites Community Plan, which was developed through a collaboration between the partner team, resident leaders, and NYCHA and is being distributed to every household prior to the start of construction. 

“NYCHA continues on its path to renovating homes and fostering safe, resilient, and thriving communities,” said Deputy Mayor for Housing, Economic Development, and Workforce Adolfo Carrión, Jr. “I am thrilled these sites in the Northwest Bronx are reaching this important milestone and generations of Bronx residents will benefit from a significantly improved living environment, where they can pursue their dreams and aspirations.” 

“With this significant financial investment, more than 3,000 NYCHA residents are an important step closer to having newer, safer, and healthier homes where they can live with dignity,” said Executive Director for Housing Leila Bozorg. “Congratulations to the NYCHA team, their partners, and the many residents and stakeholders that worked together to get to today's closing.  I look forward to seeing the work begin and ultimately having families enjoy the fruits of this labor.”   

"Every PACT closing is an exciting milestone, as it is an important step toward preserving and investing in NYCHA’s critical housing stock,” said NYCHA Chief Executive Officer Lisa Bova-Hiatt. “Working closely with our PACT partners and resident leadership at each of the Northwest Bronx Scattered Sites, we are making residents’ vision for how to improve their homes a reality through the PACT program.”  

“NYCHA residents and our PACT partners have worked closely together to plan the major capital investments for their communities, prioritizing critical quality of life issues for the different campuses," said NYCHA Executive Vice President and Chief Real Estate Officer Jonathan Gouveia. "We are excited to see over 3,000 NYCHA residents benefit from this collaboration and over $593 million in capital repairs made to their homes.” 

“The residents of Twin Parks East (2070 Clinton Avenue) and I are so excited about the PACT partner coming on to start work in our building and to have a new property management team; we’re like children waiting for Christmas morning!” said Twin Parks East Tenant Association President Queen McFarland. “Thank you to our PACT partners for providing us with additional safety measures and for addressing our heating issues.” 

“Since the PACT partner has come in, they have taken off from the ground running. I am so pleased!” said Fort Independence Tenant Association President Barbara Lauray. “I thank PACT for coming in and making positive changes in this development, because it will increase the quality of the residents' lives. I look forward to our future with PACT.” 

“With the arrival of the PACT program, we are hopeful for extensive renovations that include the modernization of our apartments, a comprehensive revitalization of our development, overall improvements to our quality of life, and the preservation of our rights and protections as residents,” said East 180th Street–Monterey Avenue Tenant Association President Leticia Cintron. “Our new property management company, Progressive Management, represents a clear step toward progress and renewal. The partnership between Monterey Ave. and Progressive Management marks a new chapter of transformation, modernization, and resident-focused improvements.” 

“As RA President of Bailey Houses, I was and still am very excited to be a part of this great PACT program launched by the New York City Housing Authority,” said Bailey Avenue Tenant Association President Helene “Jake” Wilson. “This program will change the quality of life for everyone in my community. Improving their lives was my goal when I became RA President. I am very excited to continue dealing with the new development partners, exploring their ideas, as they explore our ideas. The development partners are courteous, mindful, and respectful of our opinions and input. I look forward to continuing this journey. I am so grateful for this opportunity. Thank you.” 

“Thanks to this PACT partnership, over 3,000 residents throughout the Northwest Bronx portfolio will soon benefit from critical building repairs and home renovations, coupled with access to new broadband services and on-site programming,” said New York City Housing Development Corporation President Eric Enderlin. “We look forward to our continued work with our partners to transform the quality of New York City’s public housing stock.”

“As a result of the continued partnership between residents, NYCHA, and our development team, we are one step closer today to transformative improvements for over 3,000 Bronx residents,” said Managing Director of Development for the Arker Companies Simon Bacchus. “From fully renovated apartments to enhanced security systems, residents will enjoy a more dignified and comfortable community they can call home through PACT. As we begin construction, we will ensure that residents continue to have a leading voice every step of the way.” 

“Over the past two years, we've been fortunate to work closely with residents to create a comprehensive vision for their communities. This $593.7 million investment will improve the lives of community members today and for decades to come,” said Executive Vice President for SBV RE Investments LLC Elizabeth Moronta. “Beyond delivering renovated apartments and common spaces, we're also expanding social services and providing free wireless broadband internet access for all residents across the 14 buildings. Through these wraparound supports, residents of all ages will experience meaningful improvements to their quality of life.” 

“This milestone marks a transformative moment for thousands of Bronx residents who deserve safe, modern, and sustainable housing,” said Managing Principal of Dabar Development Partners Dawanna Wiliams. “Our firm is honored to be a part of this partnership, which continues to prioritize preservation of affordability and community. We are committed to ensuring these renovations at NYCHA developments deliver meaningful improvements to the quality of life for every resident.” 

Selected in coordination with resident leadership, the PACT partner team has worked closely with Northwest Bronx residents and NYCHA to design every aspect of the development's renovation since 2023. After years of development and community-wide meetings, plans for the large-scale renovations have been finalized, and the team has closed on the necessary financing to begin construction, which is expected to take approximately two years.  

Buildings will receive upgraded heat and hot water systems; roof, facade, and building envelope repairs where necessary; fully modernized elevators; ventilation improvements; and new security installations, including lobby doors, intercoms, storefronts accessible by key fob, and lighting in hallways and building exteriors. Over 1,900 new cameras will be installed throughout the developments – in hallways, stairways, elevators, and outdoor areas – and will be monitored by security personnel at all times. All apartments at the Northwest Bronx Scattered Sites will receive fire-rated apartment entry doors; new windows and interior doors; fresh paint; and fully renovated kitchens and bathrooms inclusive of new cabinets and countertops, plumbing fixtures, flooring, finishes, and appliances. Additionally, free wireless broadband internet access will be available for all residents. Common areas – such as entrances, lobbies, mail areas, trash and recycling rooms, stairwells, and hallways – will be renovated and upgraded. The community centers at 1010 East 178th Street, Bailey Avenue-West 193rd Street, Fort Independence Street-Heath Avenue, East 180th Street-Monterey Avenue, and Twin Parks East (Site 9) will be updated with new heating and cooling systems, plumbing, lighting, and emergency back-up generators. 

The PACT partners will revitalize existing open spaces by installing new landscaping, and seating and tables, while the development’s parking lots, pathways, exterior lighting, and play areas will receive comprehensive upgrades. New ramps, stairs, and grading across the site will provide greater accessibility for residents with mobility challenges. 

The Arker Companies, Dabar Development Partners, and members of SBV RE Investments previously worked with NYCHA residents to deliver comprehensive renovations through the PACT program for more than 8,000 residents across 16 Brooklyn and Bronx developments.  

Founded in 1949, The Arker Companies has created over 11,000 affordable housing units and nearly one million square feet of commercial office space. Arker works to support the needs and goals of the communities across the region with well-established relationships between private-sector investors; federal, state, and local agencies; and not-for-profit organizations.  

Dabar Development Partners is a minority- and woman-owned, full-service real estate development firm, focused on the preservation, renovation, and new construction of architecturally significant properties. Through market-rate and affordable mixed-use projects in New York, Philadelphia, and Atlanta, Dabar has developed over 3,000 residential units since 2003.  

SBV RE Investments LLC is a privately held real estate development company whose principals have owned, developed, and managed over 19,400 units of affordable housing in 15 states.  

The PACT program transitions developments from traditional Section 9 assistance to Project-Based Section 8 and unlocks funding for resident-selected PACT partners to complete comprehensive repairs and to oversee daily property management of the campus. Overall, 146 NYCHA developments (representing over 39,000 apartments) are in pre-development, are under construction, or have completed construction through the program. This represents over $13 billion in capital repairs for the Authority. The Authority is working to include 62,000 apartments in the PACT program in order to bring the benefits of comprehensive apartment repairs and building upgrades, as well as enhanced property management and social services, to more than 142,000 residents. 

 

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About the New York City Housing Authority (NYCHA)      

The New York City Housing Authority (NYCHA), the largest public housing authority in North America, was created in 1934 to provide decent, affordable housing for low- and moderate-income New Yorkers. NYCHA is home to 1 in 17 New Yorkers, providing affordable housing to 520,808 authorized residents through public housing and Permanent Affordability Commitment Together (PACT) programs as well as Section 8 housing. NYCHA has 177,569 apartments in 2,411 buildings across 335 conventional public housing and PACT developments. In addition, NYCHA connects residents to critical programs and services from external and internal partners, with a focus on economic opportunity, youth, seniors, and social services. With a housing stock that spans all five boroughs, NYCHA is a city within a city.