Most Pro-Housing Administration in City History: Mayor Adams Announces Vision for Over 900 New Affordable Homes on Bronx Waterfront

August 8, 2025

Watch the video here at https://www.youtube.com/watch?v=1St5bBPVKtE

Adams Administration Moves Forward With Plan to Build “Fordham Landing South,”  Create Vibrant Mixed-Use Community on Underused Stretch of Harlem River

Project Builds on Recent Announcement That Adams Administration Has Created, Preserved, or Planned Over 426,000 Homes for New Yorkers Through Efforts to Date

NEW YORK – New York City Mayor Eric Adams today announced the city will move forward with “Fordham Landing South,” a transformative affordable housing development along the Bronx waterfront that will create more than 900 affordable homes for New Yorkers. Along with developers Dynamic Star and Lettire, the Adams administration will advance this project along an underused stretch of the Harlem River, creating a new mixed-use community with approximately 927 affordable homes and waterfront public access area. Today’s announcement reinforces Mayor Adams’ ongoing commitment to creating new homes across the entire city, with over 426,000 homes already created, preserved, or planned through the Adams administration’s efforts to date.

“This stretch of the Bronx waterfront has led many lives but will soon be home to over 900 families. Our vision for Fordham Landing South will create nearly a thousand 100-percent affordable units along with a vibrant mixed-use community and new access to the Metro North transit hub,” said Mayor Adams. “When we took office three years ago, our housing situation was at a breaking point: too many families were being pushed out of the housing market and too many plots of land like this one lay empty. So, our administration turned inaction into initiative, shattering affordable housing records year after year after year and passing the first citywide rezoning in six decades to unlock new housing across every neighborhood. The key to your own front door is the key to unlocking the American Dream, and in the Bronx, we are making sure that dream stays strong and affordable.”

“Once again, Mayor Adams and his team deliver on longstanding dreams and opportunities not achieved by previous administrations,” said Deputy Mayor for Housing, Economic Development, and Workforce Adolfo Carrion, Jr. “When I was a city planner, district manager, and councilmember in the 1990s, we were envisioning housing here on Fordham Landing. Now it will finally get done! Working with Dynamic Star, Lettire Construction, and in partnership with New York state, we will provide over 900 units of affordable housing to New Yorkers and beautiful public waterfront space, all adjacent to mass transit easily accessible to the central business district of our global city. Terrific!”

Fordham Landing South will bring over 900 new affordable homes, as well as a vibrant mixed-use community, to the Bronx waterfront. Credit: Perkins Eastman

The vision for Fordham Landing South includes the creation of over 900 new homes — all 100 percent affordable — along the Harlem River waterfront, as well as the construction of two mixed-use buildings, structured parking, a waterfront public access area, a new road, and new access to Metro North to redevelop a vacant riverfront site that is immediately south of the University Heights Bridge. The 927 affordable units will serve a variety of income levels, with at least 15 percent dedicated to formerly homeless families. The project will be financed, in part, by both the New York City Department of Housing Preservation and Development, and additionally, the project has received a $55 million award from New York state, administered by Empire State Development (ESD), to assist with site infrastructure.  

Since entering office, Mayor Adams has made historic investments to create more affordable housing and ensure more New Yorkers have a place to call home. Last week, Mayor Adams announced that his administration has created, preserved, or planned approximately 426,800 homes for New Yorkers through its work to date. Mayor Adams also announced that, in Fiscal Year 2025, the Adams administration created the most affordable rental units in city history and celebrated back-to-back-to-back record-breaking years for producing permanently-affordable homes for formerly-homeless New Yorkers, placing homeless New Yorkers into housing, and connecting New Yorkers to housing through the city’s housing lottery.

In addition to creating and preserving record amounts of affordable and market-rate housing for New Yorkers, the Adams administration has also passed ambitious plans that will create tens of thousands of new homes as well. 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.

The Adams administration is also advancing several robust neighborhood plans that, if adopted, would deliver nearly 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.

Building on the success of City of Yes for Housing Opportunity, Mayor Adams unveiled his “City of Yes for Families” strategy in his State of the City address earlier this year to build more homes and create more family-friendly neighborhoods across New York City. Under City of Yes for Families, the Adams administration is advancing more housing on city-owned sites, creating new tools to support homeownership, and building more housing alongside schools, playgrounds, grocery stores, accessible transit stations, and libraries.

 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 a $24 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 $13 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.

“I applaud the steadfast commitment to create safe and affordable housing for Bronx residents through the Fordham Landing South project, securing nearly 1,000 new homes to our community,” said U.S. Representative Adriano Espaillat. “Investing in affordable housing is an investment in a more vibrant, inclusive future along our borough’s waterfront. I look forward to continuing our work to ensure every New Yorker has a place to call home.”

“Fordham Landing South represents a bold step forward in reimagining the Bronx waterfront as a place where families can thrive,” said New York State Assemblymember Yudelka Tapia. “It will deliver over 900 affordable homes, new open space, and long overdue investment to our community. This is what it looks like when we put the needs of Bronx residents first.”

“Opportunities like Fordham Landing are rare in New York City — large-scale sites where we can meet our urgent need for affordable housing in ways that are holistic, community-centered, and aligned with local vision,” said New York City Councilmember Pierina Ana Sánchez, chair, Committee on Housing and Buildings. “That’s why I have championed, and in December, secured a commitment from the Adams administration for a neighborhood planning study for Community Board 7 in the Bronx, including Fordham Landing. We must ensure that any future development reflects what the people of this community want and need: housing that is deeply affordable, good jobs, accessible public spaces, and long-term investment in our neighborhoods. I’m happy to see Fordham Landing South moving forward and look forward to shaping a shared future for Fordham Landing North, driven by community priorities.”

“With today’s announcement, the long-held dream of transforming this neglected stretch of Bronx waterfront into a vibrant, accessible community is finally becoming a reality,” said Gary Segal, co-founder and CEO, Dynamic Star. “What was once deserted will soon be a destination — a place where families can live, work, and thrive for generations to come.”

“We're grateful for this opportunity to join Dynamic Star on this journey, bringing high-quality and sustainable affordable housing to the Bronx,” said Nick Lettire, president, Lettire Construction Corp. “Thank you to all our community and government partners, especially Mayor Adams, for allowing us to Get Stuff Built while creating jobs and strengthening the community.”

“We're proud to be part of the Fordham Landing team and the creation of a new Bronx Landmark,” said Matt Gross, partner, Urban Builders Collaborative. “Thank you to all our private and public partners for their perseverance and commitment to make this transformational project a reality.”

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