New York Construction Report staff writer
Mayor Zohran Mamdani on Thursday announced the financial closing of Sol on Park, a 229-unit affordable housing development for older New Yorkers to be built on the New York City Housing Authority’s Morris Houses campus.
The $214 million project, developed in partnership with NYCHA, the Department of Housing Preservation and Development (HPD) and the Housing Development Corporation (HDC), will use public land and innovative financing tools to deliver deeply affordable senior housing in the Bronx…