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A long-vacant, city-owned site along the Harlem River waterfront in the
Bronx will be rejuvenated into Bronx Point, a dynamic new waterfront
development to be raised in two stages. The first will include
much-anticipated features such as the Universal Hip-Hop Museum, the only
multiplex in the area, a food hall of Bronx-based vendors curated by Anna
Castellani of DeKalb Market Hall Fame, a new waterfront esplanade, an
outdoor performance space with public seating and Harlem River views, and
approximately 600 units of permanently affordable housing for extremely
low- to moderate-income households. About half of the residences will be
two- to three-bedroom units.
City Announced Hundreds of Affordable Housing Units at Bronx Point, New
Mixed-Use Development
September 26, 2017
[url=https://www.cityrealty.com/nyc/market-insight/features/future-nyc/city-announced-hundreds-affordable-housing-units-bronx-point-new-mixed-use-development/13683]https://www.cityrealty.com/nyc/market-insight/features/future-nyc/city-announced-hundreds-affordable-housing-units-bronx-point-new-mixed-use-development/13683
Affordable housing is going to become the new modern projects/rent stabilized. In order to not let that happen they shouldn't build 100% affordable housing buildings. It should be mixed with market rate. Diversity and various income demographics is what will make affordable housing stay maintained. Just like with pjs at one point they didn't have **** all in the elevators. People copy off each other and you have people living by example. You see your neighbor taking care of the property because they are paying 5k a month while you only pay 1200. You feel like you are winning and appreciation kicks in. Now if everybody paying cheap rent it's only a matter of time with deterioration and lack of maintaining when the city starts to say they can't afford to fix the central AC or hvac system
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City Announced Hundreds of Affordable Housing Units at Bronx Point, New Mixed-Use Development
