Affordable Housing

La Central, The Bronx’s Massive 992 Unit Development in Melrose, Is Finally Approved by City Council

After almost three years since it was announced, the mega project La Central has moved one step closer to reality as New York City Council approved this development yesterday.

With 992 units planned, a 50,000 square foot YMCA, 10,000 square foot television studio for BronxNet, and also an astronomy lab and observation deck among many other features, La Central is one of the biggest mixed residential and commercial developments coming to The Bronx.

New York City’s First LGBT Senior Housing Development Coming to The Bronx

Announced at a press conference today, The Bronx (along with Brooklyn) will be the home of a new development of New York City’s first senior housing development with services benefiting the elder LGBT community.

The 82 unit Crotona Senior Residences will be developed by NYC Housing and Preservation, HELP USA, NY State Homes along with Community Renewal and SAGE (Services and Advocacy for GLBT Elders).

Exclusive: First Market Rate Condos Planned for E 138th Street in Lower Concourse Rezoning Area

The gentrification of the South Bronx is in full swing despite denials by our borough president, Ruben Diaz Jr, that it isn’t happening.

Yesterday we reported on the expansion of the landmarked Clocktower Loft Apartments and today we share the exclusive story of the first market-rate condominiums coming to the Lower Concourse Rezoning Area.

The old 2 story factories at 221 E 138th Street at Canal Place has been torn down and in its place will rise a 7 story, 50 unit condominium development with ground floor commercial space according to Anthony Gurino of Tahoe Development which purchased the buildings for $2,800,000 in September 2015.

NYC Council Has a Big Opportunity to Do the Right Thing

When all testimonies are done, whether in favor or against changes to zoning via mandatory Inclusionary housing (MIH) or zoning for quality and affordability (ZQA), New York City’s Council members have an opportunity to side with their constituents in voting down Mayor de Blasio’s ill-conceived plan that is central to his preserving 120,000 affordable units and creating 80,000 new units of “affordable” housing.

The more controversial of the two, MIH, sounds great on paper. It mandates that affordable housing would be mandatory not voluntary and it would be permanent in districts that would be zoned for MIH. Trick is that it isn’t truly affordable.