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Community Access and Alembic Development Company Break Ground on a $37 Million, 105 Unit...

New York, NY - June 24, 2009 - (RealEstateRama) - Commissioner Deborah VanAmerongen of the NYS Division of Housing and Community Renewal (DHCR), Priscilla Almodovar, President and Chief Executive Officer of NYS Housing Finance Agency (HFA), Michael Newman, Director, Bureau of Housing Development, OMH, Gloribel M. Cruz, Vice President, Affordable Housing Finance, HSBC Bank USA, N.A., Bill Traylor, President, Richman Housing Resources, LLC and Diane Louard-Michel, Director, NY Program, Corporation for Supportive Housing (CSH), joined Community Access and its partner, Alembic Development Company to break ground on a $37 million project that will create 105 units of affordable housing on Cedar Avenue, in the Morris Heights section of the Bronx.