"New York City is taking a significant step towards addressing its affordable housing crisis, as the Mamdani Administration has announced the financial closing for Sol on Park, a major development project on the Morris Houses campus in the Bronx. The groundbreaking initiative will bring 229 new affordable senior homes to the area, providing a much-needed lifeline for low-income seniors struggling to find stable and secure housing. This milestone marks a major achievement for the city's efforts to preserve and expand its NYCHA stock, ensuring that some of its most vulnerable residents have a place to call home. With the financial closing now in place, construction is expected to begin soon, paving the way for a brighter future for the seniors who will call Sol on Park home."
Mamdani Administration Announces Financial Closing for Sol on Park, Creating 229 Affordable Senior Homes on NYCHA’s Morris Houses Campus NYC.gov
