New York City is stripping out $122 million to acquire 14 cluster sites in the Bronx, with strategies to convert them into permanent affordable housing.
The purchase covers 777 affordable units, including 554 units for families encountering homelessness. The deal for the buildings closed on June 23, according to the nonprofit news outlet City Limits.
In total, the housing will be available for around 1,500 people. Some of the citizens already live in the units, while others are moving from other locations. Hundreds of units will be for individuals or families who earn less than 60% of the area’s median income.
Mayor Bill de Blasio has frequently promised to decrease the city’s reliance on cluster sites that are personally maintained and can charge high rates to the city to house families experiencing homelessness by turning them into affordable housing.
The Bronx buildings will be run by Settlement Housing Fund, Bowery Residents Committee, MBD Community Housing Corp, Fordham Bedford Housing-Corporation and Neighborhood Renewal HDFC. A building at 1206 Westchester Avenue is the biggest among them, with 104 units.