Bronx seniors will soon have a new affordable housing option in Co-op City. Officials from the U.S. Department of Housing and Urban Development, the city Department of Housing Preservation and Development, the city Housing and Development Corp. and the city Housing Authority joined Met Council and the developer, the Arker Companies, to celebrate the groundbreaking of The Woodlands & Council Towers VI. The two-building development will create 180 units of affordable housing for low-income senior citizens, age 62 and older.
Ruben Diaz Jr., Bronx Borough President, was the first to take the stage at Tuesday’s ceremony, applauding the project for not only providing this option, but by going even further and helping elderly residents live with dignity in their senior years. Diaz noted that these seniors laid the foundation for the community when no one else wanted to live there. Several other partner organizations took the stage to remark on the importance of the partnership both for the seniors and the community. This building marks the 7th section 202 housing facility spearheaded by Met Council throughout the city.
The project was financed through public and private dollars, and will be open to residents with incomes of less than $30,000 a year. The project will receive rental assistance, which will limit tenants’ rental contribution to a percentage of their income. Funding for the project was made possible by state and federal partnerships.
Completion of the project is expected in December 2014.