Governor Hochul Announces $55 Million State Investment to Advance Fordham Landing South, Unlocking More Than 900 Affordable Homes on the Bronx Waterfront

Assembly Speaker Carl Heastie and Assemblymember Yudelka Tapia Joined Governor Hochul to Announce Transformative Project

State Funding Will Deliver Critical Site Infrastructure and Public Access on the Harlem River, Enabling a 100% Affordable, Mixed-Use Community Near Metro-North 

Governor Kathy Hochul today was joined by Assembly Speaker Carl Heastie and Assemblymember Yudelka Tapia in the Bronx to announce a $55 million Empire State Development (ESD) investment to advance Fordham Landing South, a transformative, 100 percent affordable housing project planned along the Harlem River. The State funds will support essential site infrastructure, including site acquisition, planning and design, infrastructure construction, and other costs, to unlock a mixed-use, transit-oriented development that will bring new affordable homes, jobs, and public space to the Bronx waterfront.

Building on the City of New York’s plan announced in August 2025, Fordham Landing South will create more than 900 new affordable homes. The project will transform an underutilized stretch of the Harlem River into a vibrant, connected neighborhood featuring a charter school, grocery store, underground parking, three acres of public waterfront and improved access to Metro-North service.

“Across New York, we are taking bold action to tackle the housing crisis and make our state more affordable for everyone,” Governor Hochul said. “Projects like Fordham Landing South are what progress looks like — government at every level coming together to turn vacant or underused land into vibrant communities with affordable homes, jobs and public space. I’m proud that New York State is investing in the Bronx and building a stronger, more inclusive future for all New Yorkers.”

Governor Hochul’s Housing Agenda

Governor Hochul is dedicated to addressing New York’s housing crisis and making the State more affordable and more livable for all New Yorkers. As part of the FY25 Enacted Budget, the Governor secured a landmark agreement to increase New York’s housing supply through new tax incentives, capital funding, and new protections for renters and homeowners. Building on this commitment, the FY26 Enacted Budget includes more than $1.5 billion in new State funding for housing, a Housing Access Voucher pilot program, and new policies to improve affordability for tenants and homebuyers. These measures complement the Governor’s five-year, $25 billion Housing Plan, included in the FY23 Enacted Budget, to create or preserve 100,000 affordable homes statewide, including 10,000 with support services for vulnerable populations, plus the electrification of an additional 50,000 homes. More than 65,000 homes have been created or preserved to date.

The FY25 and FY26 Enacted Budgets also strengthened the Governor’s Pro-Housing Community Program — which allows certified localities exclusive access to up to $750 million in discretionary State funding. Currently, more than 360 communities have received Pro-Housing certification.