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| VIEW EVENT INFORMATION: Curbed |
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Bronx Building Will Get Affordable Apartments Thanks To New City Program |
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Status: Available Now!
Type: News
Date: Thursday 22 August 2019, 12:00 AM
Media: Curbed
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About the organization Curbed:
Type: Business
Sub-Types: Website, Blogging, News, Online News, Telecommunication, Telecommunication Software, Application Software, Real-Estate, Property |
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| An unregulated Mount Eden building will be the first nonprofit-acquired property to have its affordability maintained through the de Blasio administration’s Neighborhood Pillars Program.
The Bronx property, at 1415-1417 Wythe Place, was acquired by affordable housing developer Settlement Housing Fund with plans to pursue upgrades for the building and maintain affordable rents for all 58 apartments. The project is one of the first in the city’s Neighborhood Pillars Program pipeline—an effort run by the city’s Department of Housing and Preservation (HPD)—that provides low-interest loans and tax exemptions to nonprofit and for-profit developers to purchase and maintain a property’s affordability. |
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