New York Funds Affordable Housing Projects

December 30, 2014
By Neal Tepel

More than $16.5 million has been awarded for the construction of 240 new units of affordable housing across the State. “All New Yorkers should have a safe and decent place to call home, and today we’re taking another step toward making that goal a reality,” Governor Cuomo said.

“This funding is jumpstarting affordable housing projects that are shovel-ready and designed to meet the needs of their communities. I am proud that we are helping to build these affordable housing options, because they are making New York an even better place to live and work.”

In the Bronx, the Marcy Sheridan Apartments are being planned. The $23.2 million project will consist of nine stories containing 74 units for low-income households, including 37 individuals living with HIV/AIDS. The project will include a range of services and many amenities. On-site support services for residents living with HIV/AIDS will be provided and the development is located less than one-quarter of a mile from an MTA subway station.

December 30, 2014

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