March 17, 2016
By Tara Jessup
New York, NY – A massive project is underway in Harlem that will repair apartments, improve the buildings and keep the rents of 358 apartments affordable to low-income families for the next 30 years.
“Tackling our city’s affordability crisis means building more affordable housing than ever before, but it also requires rehabilitating and protecting the affordable housing we have now,” said Mayor Bill de Blasio. “These upgrades and renovations to nearly 30 buildings here in Harlem, driven by a local M/WBE firm, are clear examples of the work we are doing to combat tenant displacement and ensure that people can work and live in a fairer, more affordable New York.”
A central priority of Housing New York is preserving the existing stock of regulated housing and protecting the affordable homes and neighborhoods New Yorkers live in right now. This project greatly improves the quality of these 358 homes while maintaining their long-term affordability.
Aggressive preservation is critical for neighborhoods to stay affordable. Mandatory Inclusionary Housing and Zoning for Quality and Affordability, are pending before the City Council. The Harlem project is utilizing a $10 million City investment, along with low-income housing tax credits and tax-exempt bonds, that has allowed for significant capital repairs and upgrades. The apartment renovations include new kitchens, new bathrooms, new roofs, new windows, intercom and camera systems, new entrances, energy efficient heating systems, exterior masonry repairs, and ADA compliance upgrades in selected apartments. Construction work is fully underway and is projected to be completed next year.
“New affordable housing construction alone won’t solve our affordable housing crisis – preservation is a critical part of saving our neighborhoods,” said Manhattan Borough President Gale A. Brewer. “This preservation project will save hundreds of apartments for Harlem residents.”