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NYC Department of Housing Preservation & Development

FOR IMMEDIATE RELEASE
Wednesday, February 1, 2006

Adam Glantz - (212) 264-1100
HUD - Homes and Communities

HUD ANNOUNCES $25 MILLION TO THE BRONX TO HOUSE THE ELDERLY

-- NYC to Receive A Total of Almost $40 Million --

NEW YORK  HUD Regional Director Sean M. Moss was joined by Bronx Borough President Adolfo Carrion, Jr. and New York City Housing Preservation and Development Commissioner Shaun Donovan to announce $25 million in Federal funding to build three new senior developments in the Bronx to house the very  low-income elderly.  Of the eight new senior developments to be built in New York State funded through HUD’s Section 202 program this year, five are in New York City, with three in the Bronx.  The three new Bronx developments will produce a total of 173 new apartments for  elderly persons.  Nonprofits in Brooklyn and Staten Island were also awarded Section 202 funding.  The announcement was made at Belmont Blvd. II Apartments, a recently completed senior development in the Belmont section of the Bronx. 
"Our senior citizens have given us so much of themselves, and have contributed mightily to make America what it is today,” said Sean M. Moss, HUD Regional Director for New York and New Jersey.  “They should never have to worry about being able to afford a decent place to live, and, as such, the grants we are announcing today will go a long way toward achieving that goal.”

The grants announced today are being awarded to:

  • The Metro NY Coordinating Council received $8.7 million to build 70 units, plus another $2.2 million to help subsidize the residents’ rents.  The proposed site is at 3285 Rombouts Ave.  This is the Council's fifth 202 development.
  • The South Bronx Community Corporation received $4.1 million to build 34 units, plus another $1    million     to help subsidize the residents’ rents.  The proposed site is at 453 East 142nd Street.  This is the Corporation's third 202 development.
  • The Jewish Home and Hospital, Bronx Division received $8.9 million to build 72 units, plus another $2.3 million to help subsidize the residents’ rents.  The proposed site is on Webb Ave. near the corner of West Kingsbridge Road.  This will be the Hospital's third 202 development. 

Other attendees included Joe Cicciu, President of the Belmont Blvd. HDFC; William E. Rapfogel, CEO of the Metropolitan New York Coordinating Council; Joanne Hoffman, Director of Housing,  UJA - Federation; and, Richard Izquierdo, Executive Director of the South Bronx Community Corporation.

“We all have elderly relatives and you would agree with me that they should live their golden years in a dignified, safe environment,” said Bronx Borough President Adolfo Carrion, Jr..  “I am dedicated to everything facilitating and funding the development of housing for our borough’s neediest seniors.  I look forward to accompanying my elderly neighbors and friends in The Bronx every step of their journey to realizing a beautiful place to live.  I thank HUD for recognizing our need and congratulate the sponsors of today’s three announced projects.”  

HPD Commissioner Donovan said: “Today we celebrate three new housing developments for seniors being built in different corners of the Bronx. Two of the three are being built on land formerly owned by the City. HPD is delighted to be able to work with HUD and our community partners to put this land to great use, providing safe, secure and affordable housing for our seniors. Protecting and expanding Section 202 housing is a key part of Mayor Bloomberg’s newly expanded New Housing Marketplace Plan to invest $7.5 billion over ten years to build and preserve 165,000 units of affordable housing.”

Last month, Housing and Urban Development Secretary Alphonso Jackson in Washington, D.C. announced that more than $710 million in housing assistance grants was awarded to help the nation’s very low-income elderly and people with disabilities.

Section 202 Grants (funding to assist very low-income elderly)

In addition to funding the construction and rehabilitation of projects to create apartments, HUD grants will subsidize rents for five years so that residents will pay only 30 percent of their adjusted incomes as rent.

To be eligible for the assistance a household must be classified as "very low- income," which means an income less than 50 percent of the area median. Nationally, based on 50 percent of the national median family income with an applicable adjustment for household size, a one-person household would need to have an income equal to or less than $22,000 a year.

HUD provides two forms of Section 202 funds to non-profit groups:

  • Capital advances. This money covers the cost of developing the housing. It does not need to be repaid if the housing is available for occupancy by very low-income seniors for at least 40 years.
  • Project rental assistance. This money covers the difference between the resident's contribution toward rent and the cost of operating the project.

 




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