Mayor Adams, Governor Hochul Announce Completion of 117-Unit Senior Housing Development in the Bronx

June 3, 2025

YP Senior Residence Offers Affordable and Supportive Apartments for Older New Yorkers 

Announcement Builds on Record Amounts of Senior and Supportive
Housing Created by Adams Administration Last Year

NEW YORK – New York City Mayor Eric Adams and New York Governor Kathy Hochul today announced the completion of “YP Senior Residence,” a 117-unit affordable housing development in the Morris Heights neighborhood of the Bronx reserved for older New Yorkers who meet specific income restrictions. The $81 million project includes 37 supportive apartments where eligible tenants will receive onsite supportive services, building on the Adams administration’s record producing historic amounts of supportive housing and senior housing in the last two fiscal years. The completion of this project also follows Mayor Adams’ recent announcement that New York City will invest $46 million as part of his “Best Budget Ever” to help create and preserve 5,850 units of supportive housing and reimagine the city’s 15/15 Supportive Housing Initiative to help get even more New Yorkers the housing and help they deserve.

“From creating record amounts of housing for older New Yorkers to building historic amounts of supportive housing for people who need a little extra help, we have the most pro-housing mayoral administration in New York City history,” said Mayor Adams. “Through our partnership with Governor Hochul and projects like this one in the Bronx, we have doubled down on those efforts, delivering the housing that New Yorkers need at prices they can afford. Whether it’s individual developments like this or generational initiatives like ‘City of Yes for Housing Opportunity’ to revitalize New York City’s zoning code, we are showing what is possible when government at all levels comes together to make a real difference in building a more affordable city for New Yorkers.”

“New York is committed to supporting our more vulnerable communities, including seniors who help build and shape neighborhoods throughout the state,” said Governor Hochul. “As an affordable housing development for older New Yorkers, YP Senior Residence is making the cost of living more affordable for over 100 households in The Bronx. Thank you to our partners for bringing this important project to fruition.”

“Older New Yorkers are often the anchors of our communities and the stewards of our shared history. That’s why, at HPD, we are deeply committed to ensuring that those who helped build and sustain their neighborhoods can age with dignity in safe, affordable homes,” said New York City Department of Housing Preservation and Development (HPD) Acting Commissioner Ahmed Tigani. “Today’s event is a testament to the incredible work that can happen when we work together — guided by our values and commitment to take care of our neighbors, including those who need a bit of additional support — and deliver real, tangible results.”

“One of my biggest priorities as commissioner has been to build bridges between the affordable housing side and the homeless services lane to create a pipeline of housing options for vulnerable New Yorkers. This project and the work of Volunteers of America-Greater New York will facilitate shelter exits and confront the issue of senior homelessness. The benefits of this residence couldn’t be clearer,” said New York City Department of Social Services Commissioner Molly Wasow Park. “We are thrilled for the tenants, who will have access to services they deserve, and we applaud VOA-GNY for being a valued partner in the effort to combat homelessness.”

“I commend Volunteers of America-Greater New York for recognizing that older adults face unique challenges in remaining stably housed and for building affordable, supportive housing that will allow senior residents to continue to be vibrant, important members of their community. VOA-GNY has long been a vital collaborator with DHS in addressing homelessness,” said New York City Department of Homeless Services (DHS) Administrator Joslyn Carter. “Here, they are stepping up once again to serve a need and ensure that older adults age with dignity and respect, maintain or establish social connections as they leave transitional housing to a permanent home.”

“Aging in place is impossible without a safe and secure place to live. This new supportive housing development gives hundreds of older New Yorkers the opportunity to remain in the communities they helped build,” said NYC Aging Commissioner Lorraine Cortés-Vázquez. “At NYC Aging, our mission is to help older adults live independently with dignity and support, and this project brings us even closer to being the model age-inclusive city other cities can emulate. Through the communal space social isolation will be reduced, and older New Yorkers will be connected to the services they need to thrive. Congratulations to Mayor Eric Adams, Governor Kathy Hochul, and everyone who made this possible.”

Apartments at YP Senior Residence are available to households aged 55 or older and earning up to 60 percent of the area median income, with a vast majority reserved for New Yorkers 62 and older. The development includes 37 units reserved for older New Yorkers experiencing chronic homelessness who are eligible for onsite supportive services. YP Senior Residence also includes sustainable features such as rooftop solar panels, as well as a variant refrigerant flow heating and cooling system that captures and repurposes heat already in the environment. The building features Energy Star appliances, LED lighting, energy recovery ventilation for improved indoor air quality, water-conserving plumbing, and a green roof.

The development is designed to promote a supportive environment for socialization to help combat isolation. It is full of indoor and outdoor gathering spaces, including communal lounges on each floor, a rooftop terrace, and a landscaped courtyard. The project’s developer and onsite supportive services provider is the Volunteers of America - Greater New York (VOA-GNY), with Robert Sanborn Development serving as the co-developer.

YP Senior Residence is supported by the New York state Division of Housing and Community Renewal’s (HCR) Federal Low-Income Housing Tax Credit Program, which generated nearly $35 million in equity, as well as a $20 million first mortgage bond from HCR’s Housing Finance Agency, $4.4 million from HCR’s Office of Resilient Homes and Communities’ Affordable Housing Fund Program, and $1.7 million from the HCR Senior Housing Program. The project also received $6.5 million from HPD’s Senior Affordable Rental Apartments program, $6.1 million from the New York state Office of Temporary and Disability Assistance's Homeless Housing and Assistance Program, $1 million in Reso A capital discretionary funding from the Bronx borough president and the Bronx delegation of the New York City Council, and $135,000 from the New York state Energy Research and Development Authority. Operating funding for the supportive units is being provided by the Empire State Supportive Housing Initiative, administered by the New York state Department of Health. All apartments will benefit from Project-Based Section 8 vouchers administered by HPD.

“It is an honor to help reverse the growing crisis of senior homelessness and address the serious risks social isolation and loneliness can have on the health of older adults,” said Jeffrey R. Ginsburg, president and CEO, VOA-GNY. “We thank our partners for their generosity and collaboration, without whom the development of YP Senior Residence would not have been possible. Older New Yorkers deserve to age with dignity and independence, and we are proud to help make this possible.”

Since entering office, Mayor Adams has made historic investments to create affordable housing and ensure more New Yorkers have a place to call home. The Adams administration is advancing several robust neighborhood plans that, if adopted, would deliver more than 50,000 units over the next 15 years to New York neighborhoods. In addition to the Bronx-Metro North Station Area Plan and the Atlantic Avenue Mixed-Use Plan, both of which have been passed by the New York City Council, the Adams administration is advancing plans in Midtown South in Manhattan, as well as Jamaica and Long Island City in Queens.

Moreover, last December, Mayor Adams celebrated the passage of “City of Yes for Housing Opportunity,” the most pro-housing proposal in city history that will build 80,000 new homes over 15 years and invest $5 billion towards critical infrastructure updates and housing. Last June, City Hall and the City Council agreed to an on-time, balanced, and fiscally-responsible $112.4 billion FY 2025 Adopted Budget that invested $2 billion in capital funds across FY25 and FY26 to HPD and the New York City Housing Authority’s capital budgets. In total, the Adams administration has committed $24.5 billion in housing capital in the current 10-year plan as the city faces a generational housing crisis. Mayor Adams celebrated back-to-back record breaking fiscal years, as well as back-to-back calendar years in both creating and connecting New Yorkers to affordable housing. Last spring, the city celebrated the largest 100 percent affordable housing project in 40 years with the Willets Point transformation. 

Further, the Adams administration is using every tool available to address the city’s housing crisis. Mayor Adams announced multiple new tools, including a $4 million state grant, to help New York City homeowners create accessory dwelling units that will not only help older adults afford to remain in the communities they call home but also help build generational wealth.   In addition to creating more housing opportunities, the Adams administration is actively working to strengthen tenant protections and support homeowners. The Partners in Preservation program was expanded citywide in 2024 through an $11 million investment in local organizations to support tenant organizing and combat harassment in rent-regulated housing. The Homeowner Help Desk, a trusted one-stop shop for low-income homeowners to receive financial and legal counseling from local organizations, was also expanded citywide in 2024 with a $9.85 million funding commitment.

Finally, Mayor Adams and members of his administration successfully advocated for new tools in the 2024 New York state budget that will spur the creation of urgently needed housing. These tools include a new tax incentive for multifamily rental construction, a tax incentive program to encourage office conversions to create more affordable units, lifting the arbitrary “floor-to-area ratio” cap that held back affordable housing production in certain high-demand areas of the city, and the ability to create a pilot program to legalize and make safe basement apartments.

“Seniors are a crucial pillar of communities across New York, and we must ensure that they have a safe and supportive place to call home,” said U.S. Senator Kirsten Gillibrand. “The YP Senior Residence will address the growing threats of homelessness and isolation among older adults by creating 117 affordable and supportive apartments — including units housing seniors who have experienced homelessness and building a safe, supportive environment for its occupants. I look forward to the positive change this project will bring to the Bronx and beyond, and I will continue to fight for the right of all Americans to age with dignity and security.”

“A society is judged by how it treats its elders — and today, we take a proud step forward,” said New York State Senator Robert Jackson. “The YP Senior Residence is more than brick and mortar — it is policy made personal. It is what happens when we invest in care, not neglect; in permanence, not patches. This building says to our seniors — especially those who have known homelessness — that your journey matters, your dignity matters, and their golden years will not be lived in the shadows. Let this ribbon cutting also be a ribbon of commitment — to build not just housing, but justice, equity, and community. Congratulations to Volunteers of America and everyone who helped turn vision into refuge. Let’s keep building.”

“Ensuring our seniors have access to safe, affordable housing is a top priority,” said New York State Assemblymember Yudelka Tapia. “I am proud to celebrate this housing development for the Bronx, a place where our seniors can age with dignity and independence. This is exactly the kind of investment we need to ensure every New Yorker has a safe and supportive place to call home.”

“Ensuring our older adults have safe, stable, and affordable housing is not just a promise, but a priority,” said Bronx Borough President Vanessa L. Gibson. “With the completion of YP Senior Residence, we are taking a significant step forward in allowing our most seasoned residents to age in place with dignity, stability, and the support they deserve. I am grateful to Governor Hochul, the New York City Department of Housing Preservation and Development, the New York State Office of Temporary and Disability Assistance, the Bronx delegation of the City Council, and the New York State Energy Research and Development Authority for their continued partnership in uplifting our older New Yorkers and investing in a future where every generation is cared for and valued.”

“Older New Yorkers deserve the opportunity to remain in the communities they love, and that means creating affordable apartments that provide the resources and amenities they need to live independently,” said New York State Homes and Community Renewal Commissioner RuthAnne Visnauskas. “This $81 million investment will allow more than 100 senior households to stay in The Bronx and offers support to those individuals who need it most. We thank Governor Hochul and each of our partners for their continued commitment to addressing the housing crisis.”

“The Homeless Housing and Assistance Program’s investment in YP Senior Residence will provide chronically homeless seniors in the Bronx with safe, affordable, apartments they can call home, along with easy access to vital support services that will help them remain housed and age in place with dignity and independence,” said New York State Office of Temporary and Disability Assistance Commissioner Barbara C. Guinn. “We are grateful to Governor Hochul for continuing to make permanent supportive housing a priority in New York State, and to all the state and local partners who supported the development of this important project.”

“Access to affordable housing and adequate support is critical for older adults who may otherwise experience isolation, preventable illness, homelessness or even death,” said New York State Health Commissioner Dr. James McDonald. “Under the leadership of Governor Hochul, the department is committed to the wellbeing of all New Yorkers, and affordable and supportive housing like the YP Senior Residence will help some of our most vulnerable residents achieve basic needs for health and safety.”

“Housing that is affordable, accessible, and supportive ranks among the highest priorities for older adults across New York State,” said New York State Office for the Aging Director Greg Olsen. “Thanks to Governor Hochul, New York State is addressing this need with a comprehensive plan that brings forth innovative housing models to address health and social needs at the heart of age-friendly community development.”

“The completion of today’s project welcomes more than 100 clean, comfortable living spaces to the Bronx and helps ensure New York residents benefit from the latest modern building solutions,” said New York State Energy Research and Development Authority Doreen M. Harris, President & CEO. “Through the use of energy efficient appliances, ventilation, and plumbing, these affordable housing units and community spaces will improve the quality of life for many senior citizens within the community.”

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