Construction financing closed Jan. 13 for a $164 million housing project that will create 323 units of affordable and supportive housing in Bedford Park in The Bronx, N.Y.

The two 11-story buildings, dubbed CHV 202nd and 203rd Street, will be located at 261 E. 202nd St. and 270 E. 203rd St. The project is being developed by CAMBA Housing Ventures, New York State Homes and Community Renewal and the New York City Department of Housing Preservation and Development.

The new development will provide 194 homes with supportive services for seniors, veterans, individuals and families experiencing homelessness and living with mental illness. There are 129 apartments for families earning between 30 and 80 percent of the Area Median Income.

"Keeping the Bronx affordable, and the development of new affordable housing units, has been a priority of mine from the day I first took office," said Borough President Ruben Diaz Jr. "The closing of construction financing for this $164 million affordable and supportive housing development in the Bedford Park neighborhood is a tremendous step in the right direction. I want to thank those who made this possible, and I look forward to the day many Bronx residents will have a new place they can call home."

On-site social services will be available to all residents and include economic development assistance, education and youth development programming, family counseling and support, nutrition services, independent living skills, mental health care, substance abuse services and financial workshops.

Tenants at CHV 202nd and 203rd Street will enjoy a landscaped courtyard, 24/7 front desk security, local art and sculptures, six tenant parking spaces, access to a computer room, a resident teaching kitchen, and laundry and fitness rooms.

Construction is projected to be completed in early 2023.

CHV, CAMBA, Bolivar Builders and the entire development team are committed to identifying local hiring opportunities and ensuring the development has a positive local economic impact during and after the construction period.

"Access to affordable housing is an ongoing crisis across the state," said Senator Jamaal Bailey. "Projects like these are crucial in order to allow more New Yorkers access to a safe and habitable place to live. I would like to thank New York State Homes and Community Renewal, the New York City Department of Housing Preservation and Development and CAMBA Housing Ventures for the construction of this affordable and supportive housing development."

Today's top stories

Construction Market Boosts Economy

Bobcat Company Donates $885,000 in Equipment to Support Salvation Army's Disaster Relief Efforts

VIDEO: KEMROC Expands; Plans to Increase Nationwide Presence

'Machinery Pete' Interviews Jack Lyon On RFD TV

VIDEO: Two Major Roadway Project Contracts Awarded by State Officials in West Virginia

VIDEO: First of Two Sections of NYC's $1.45B East Side Coastal Resiliency Project Is Complete

John Deere Construction Introduces Flexible Customer Training Options

INFRA Grant Moves Ohio's N. Coast Connector Project Steps Closer