PACT: Audubon, Bethune, Marshall

Dantes Partners, as sole developer, was selected by the New York City Housing Authority (NYCHA) to upgrade and preserve much-needed affordable housing while creating new employment opportunities in the Harlem/Washington Heights neighborhood. As part of NYCHA’s Permanent Affordability Commitment Together (PACT) program, the project includes 557 units across 3 high-rise buildings – all located within a block of one another along Amsterdam Avenue.

Audubon Houses (a mix of families and seniors) consists of 167 income restricted units, Bethune Gardens (seniors) consist of 210 income restricted units, and Marshall Plaza (seniors) consist of 180 income restricted units. Audubon Houses and Bethune Gardens were also listed on the National Register for Historical Places in 2022, which enabled the development team to secure approximately $22M of historic tax credit equity for the development. As part of the program, 100% of the units will be converted from Section 9 to the Section 8 program via a RAD disposition.

The anticipated project rehabilitation, which commenced following the January 2023 closing and worth over $166 million, will cover physical improvements that will enhance the quality of life for residents and improve the long-term financial viability of the properties. Improvements include building restoration (building envelope, heat and hot water, elevators, apartment renovations), safety enhancements (upgraded entries, increased lighting, improved security), and community space upgrades (landscaping, community room, laundry area). Funding will also be provided for an additional on-site Social Services Provider for an array of support services which will include but not limited to, senior services, workforce development for new employment and career advancement, and financial literacy.