BANANA KELLY PLACE OPENS

NEW YORK CITY — The grand opening has been held for Banana Kelly Place, a 58-unit affordable housing community located at 830 Fox St. in the Longwood neighborhood of the South Bronx, New York City. The $14 million project was developed by the locally based Banana Kelly Community Improvement Association and CPC Resources, the for-profit development arm of The Community Preservation Corp. The seven-story building comprises 18 one-bedroom and 39 two-bedroom apartments, plus a superintendent’s unit; 18 of the units have been set aside for formerly homeless families. Rents range from $585 for a one-bedroom apartment to $867 for a two-bedroom apartment; the units are available only to those earning 60 percent or less of HUD income limits. In addition to the residences, the building includes 5,200 square feet of ground-floor space for a future child-care facility.