FY 2017 Capital Funds will help create more than 800 new affordable units across The Bronx
Bronx Borough President Ruben Diaz Jr. has allocated more than $3 million in capital funds for seven housing developments across The Bronx, creating more than 800 new affordable units in neighborhoods across The Bronx.
“Keeping this borough affordable through the creation of appropriate housing units has been a priority of mine from the day I first took office, and this year my office continued to showcase its commitment to affordability through our capital grants,” said Bronx Borough President Ruben Diaz Jr. “From new units for low-income seniors, veterans, the formerly homeless and more, our allocations this year will help a wide range of individuals find and keep an affordable home, right here in The Bronx.”
In total, Borough President Diaz has allocated $3,265,000 across eight housing-related projects in FY 2017, funding a total of up to 851 new units of affordable housing. Allocations include $750,000 to construct 75 units of moderate and low income housing in partnership with the Mt. Hope Housing Company on Walton Avenue that would also construct a gymnasium for the Mount Hope Community Center, $400,000 towards a 57 unit moderate income co-op in the northeast Bronx in partnership with Habitat for Humanity, and $750,000 for two projects with Catholic Charities, which combined will create more than 350 units for low income seniors, veterans and the formerly homeless.
In addition, Borough President Diaz will provide $165,000 in funding to the New York City Department of Housing Preservation and Development for a mobile services unit. This vehicle will travel to different borough neighborhoods to act as a mobile constituent services office on housing and tenant matters.
“By far the greatest volume of constituent requests received by my office is for housing assistance,” said Borough President Diaz. “I am hopeful that, in partnership with the New York City Department of Housing Preservation and Development, we will be able to use this new mobile unit to bring housing services directly to the communities that need them the most.”
Since first taking office in 2009, Borough President Diaz has provided $48,731,000 in capital funding to housing projects across The Bronx, helping to create 6,866 units of all types in the process.