By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Africa Housing NewsAfrica Housing News
Notification Show More
Aa
  • Home
  • News
  • Real Estate News
  • Nigeria Property News
  • Join Us
    • About Us
    • Contact Us
    • Join Us
Reading: Second Farms Bringing 319 Affordable Housing Units to the Bronx
Share
Aa
Africa Housing NewsAfrica Housing News
  • Home
  • News
  • Real Estate News
  • Nigeria Property News
  • Join Us
Search
  • Home
  • News
  • Real Estate News
  • Nigeria Property News
  • Join Us
    • About Us
    • Contact Us
    • Join Us
Have an existing account? Sign In
Follow US
Africa Housing News > Blog > Latest Affordable Housing > Second Farms Bringing 319 Affordable Housing Units to the Bronx
Latest Affordable Housing

Second Farms Bringing 319 Affordable Housing Units to the Bronx

Fesadeb
Last updated: 2019/07/18 at 2:26 PM
Fesadeb Published July 18, 2019
Share
SHARE

Msgr. Kevin Sullivan, executive director of Catholic Charities, expressed the archdiocese’s commitment to providing affordable housing at a press conference updating the progress of Second Farms, a 319-unit, low- and moderate-income building in the West Farms section of the Bronx scheduled to open next year.

The event was held at the Second Farms construction site July 12.

“Second Farms is an important part of our commitment to building affordable housing for New Yorkers,” said Msgr. Sullivan in a statement. “We have over 1,000 new units planned for the next five years and have renovated and preserved another 2,000 units to ensure that New York remains an affordable place for working families and low-income New Yorkers.

“This is our commitment to ensuring a basic human right—a roof over every family’s head.”

In April, an official opening and dedication was held for the 112-unit, 12-story St. Augustine Terrace in the Bronx. At that time, Catholic Homes New York announced the development of 2,000 affordable housing units over the next 10 years.

Catholic Homes New York, a division of Catholic Charities that develops affordable housing for families and seniors in the archdiocese, oversees 2,336 affordable-housing units at 15 sites in Manhattan, the Bronx, Staten Island and Yonkers.

Second Farms is one of the affordable-housing projects being undertaken to help the archdiocese meet its goals. The St. Vincent de Paul Senior Residence, which will have 89 units, is scheduled to open in December in the Bronx. Construction has not started on two other projects—St. Philip Neri in the Bronx and Clinton Broome in Manhattan.

Second Farms is expected to open in September 2020. Financing for the project came from tax-exempt bonds from the New York City Housing Development Corporation (HDC), low-income housing tax credits, a subsidy from the New York City Department of Housing Preservation and Development (HPD) and city capital funding provided by City Council Member Rafael Salamanca Jr. and Bronx Borough President Ruben Diaz Jr.

Salamanca said 60 percent of the building’s units are slated for families earning between 27 and 57 percent of the area’s median income. The remaining units will be for the formerly homeless and families with incomes at 80 percent of the area’s median income.

Salamanca and Diaz joined Msgr. Sullivan at the press conference, as did Louise Carroll, commissioner of HPD; Molly Park, deputy commissioner of development for HPD; and James McSpiritt, CEO of Catholic Homes New York.

“I’m excited to celebrate the progress we have made on delivering 319 units of low-income family housing here at Second Farms,” McSpirit said. “With our partners in government and the private sector, Catholic Homes New York looks forward to producing hundreds of homes for low-income New Yorkers over the next few years.”

Source:  cny

You Might Also Like

AfDB, ECOWAS Sign $12 Million Grant to Boost Rice Production in West Africa

Diaspora Investors Drive Surge in Nigeria’s Luxury Real Estate Market

Affordable Housing: A Solution to mitigating Global Risks

Land Administration: We are committed to fixing gaps in the Housing Sector – Dangiwa

Biden Administration Unveils $250 Million Plan to Build 30,000 Affordable Homes Amid Housing Crisis

Join Our Whatsapp Group

Contact Image

Join Our WhatsApp Channel

Housing TV Africa is the First Housing News Television
in Africa on Startimes Channel 149 bringing you
Housing News, Mortgage News, Construction News etc

Fesadeb July 18, 2019 July 18, 2019
Share this Article
Facebook Twitter Email Print
Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

© Africa Housing News. All Rights Reserved 2024

Welcome Back!

Sign in to your account

Lost your password?