Bronx Borough President Ruben Diaz Jr. announced this week that his office has allocated more than $3 million in capital funding to five developments in the Bronx, creating more than 700 new units of affordable housing in neighborhoods throughout the borough.
This year, funding of five housing projects through the capital budget has created a total of 719 new units of affordable housing. This funding includes $800,000 toward the creation of new affordable housing at The Peninsula, located at the former site of the Spofford Juvenile Detention Center; $750,000 for 173 units at Williamsbridge Gardens, including 52 units for formerly homeless families at the lowest income levels; and $500,000 for 122 units of affordable housing for seniors in Highbridge, in partnership with Volunteers of America.
Diaz’s office has provided $23,250,000 in total capital dollars across 81 projects. Since coming to office in 2009, Diaz has provided $271,897,000 in total capital funding to 806 projects.