WASHINGTON, Aug. 18 -- Rep. Jose E. Serrano, D-N.Y. (15th CD), issued the following news release:
Congressman Jose E. Serrano (D-NY) today announced that the New York City Department of Housing Preservation and Development and the South Bronx Overall Economic Development Corporation will receive a total of $300,000 in grants and low-interest loans to clean up various sites in the Bronx and turn them into new affordable housing units. The funding was awarded through the Environmental Protection Agency's Brownfields program, which "helps communities assess, clean up, and reuse properties at which moderate contamination threatens environmental quality and public health." The new housing units will provide additional sources of affordable housing in the Bronx, and some units will be designed as supportive housing to serve individuals who just went through a period of homelessness, hospitalization, incarceration, and young adults coming out of foster care.
"This funding will help continue the revitalization of our neighborhoods and help increase the amount of affordable housing in the Bronx. Throughout the years, I have made it a priority to invest in environmental restoration and urban renewal. Today's announcement will allow us to continue making progress in this area. I thank and applaud the Environmental Protection Agency's efforts to help local communities unlock their economic potential by providing them with the resources they need to rehabilitate contaminated sites and make them safe for use. Their support through this type of initiative is crucial in places like the Bronx," said Congressman Serrano.
The funding announced will specifically be distributed as follows:
$120,000 for the New York City Department of Housing Preservation and Development to construct a 57-unit affordable housing project on 491 E. 165th Street and 1052 Washington Avenue. The project will create 19 new affordable units and 38 new units of affordable housing. Supportive housing combines affordable housing and support services with the intention of helping individuals after going through a period of homelessness, hospitalization or incarceration, or for youth that has aged out of foster care and need housing as new young adults.
$180,000 for the South Bronx Overall Economic Development Corporation, a combination of a $60,000 grant and a $120,000 low-interest loan to build an affordable housing project with 95 units at 996 Washington Avenue. The project will serve formerly homeless individuals.
For more information on the EPA's Brownfields Program, including funding opportunities, visit: http://epa.gov/brownfields.