Truly affordable housing now available in the Morrisania neighborhood of The Bronx with rents as low as $410 a month for studios.
MORRISANIA—The latest of several senior housing developments across The Bronx is nearing completion and is…
For a community that has only in recent years emerged from the fires, blight, and civic neglect that once scarred the South Bronx landscape, the courthouse’s reopening felt a bit like a homecoming. “It’s like they are seeing an old family member, long lost,” observed Regine Basha, who curated the exhibit for No Longer Empty. “This isn’t our building—it belongs to the community. We just set up the structures through which we could listen to the stories.”
Developer Purchases 18-Buildings in The Bronx for $85.5 Million; Plans $70.5 Million In Upgrades & Keep Units Affordable
The Wall Street Journal reports that developer, Arker Cos, just purchased 18 buildings, mostly in Morrisania section of The Bronx, and plans on $70.5 million in upgrading the units with new kitchens, bathrooms and other undisclosed improvements — all while keeping them affordable. All the units are currently subsidized by section-8. Such a move is virtually unheard of in The Bronx and probably throughout the city where a developer comes in and will make major improvements after purchasing such a portfolio and let alone keeping the rents the same.
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