Governor Kathy Hochul today announced the groundbreaking of River Avenue Apartments II, a $225 million development in the West Concourse neighborhood of the Bronx that will create 292 affordable apartments, including 173 apartments with on-site support services. Under Governor Hochul’s leadership, New York State Homes and Community Renewal (HCR) has created or preserved more than 10,000 affordable homes in the Bronx. River Avenue Apartments II continues this effort and complements Governor Hochul’s $25 billion five-year Housing Plan which is on track to create or preserve 100,000 affordable homes statewide.
“This major investment in River Avenue Apartments is a perfect example of how we’re tackling the housing crisis,” Governor Hochul said. “The State, the City and our private partners are working hand-in-hand to create new opportunities for individuals and families to find an affordable home – we are strengthening neighborhoods, and we are ensuring residents have access to transportation, health care and modern amenities.”
River Avenue Apartments II, developed by Community Access and Blue Sky Bronx, will be affordable for households earning up to 80 percent of the Area Median Income. There will be a mix of studios, one-, two-, and three-bedroom apartments designed to meet the needs of individuals and families…