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North                       The Indian Eye

                          AMERICANNewsline






         12                                                                                                                   JULY 25, 2025
        Mayor Adams, Grand Street Guild, Catholic Homes



                 of New York Advance 190 Deeply-Affordable



                                            Apartments for Seniors



        Announcement Builds on Record Amount of Senior Housing Created Last Year Under Adams Administration


        OUR BUREAU
        NEW YORK, NY

               ew York City Mayor Eric Adams, New York
               City Department of Housing Preservation
        Nand Development (HPD) Acting Com-
        missioner Ahmed Tigani, Grand Street Guild, and
        Catholic Homes of New York have announced the
        financing  of  Ridge  Street  Apartments,  a  100-per-
        cent affordable building for seniors located at 145
        Broome Street on Manhattan’s Lower East Side.
        The 16-story building — which is part of the city’s
        Senior Affordable Rental Apartments (SARA)
        program and located at the intersection of Broome
        Street and Ridge Street — will offer a mix of 190
        studio  and one-bedroom  apartments  for  low-in-
        come seniors 62 and older at or below 50 percent
        of area median income. Additionally, 30 percent of
        the units will be available to formerly homeless se-
        niors 55 and older.
            HPD has awarded project-based vouchers for
        all residential units, and the project will include an
        additional unit for a superintendent. Ridge Street
        Apartments — which will offer a robust slate of
        social services, feature ample tenant facilities, and   Ridge Street Apartments will deliver 190 truly-affordable homes for seniors on the Lower East Side. Credit: Handel Architects LLP
        include an outdoor seating area — is expected to
        cost $176 million, with the Adams administration  all New Yorkers, deserve as we make our city more   buildings that are more than just places to live —
        contributing $32 million. The entire development  affordable and the best place to live and thrive.”  but instead, places to thrive.”
        will be contained within Grand Street Guild’s ex-  “The Ridge Street Apartments is yet another   “Senior  New  Yorkers  deserve  a  stable,  de-
        isting park-like campus and builds on the Adams   example  of  this  administration’s  commitment  to   cent  home.  Catholic  Charities  is  proud  that  145
        administration’s record as the most pro-housing   supporting older New Yorkers across the city,” said  Broome  Street’s  191  apartments  will  provide  an
        administration in city history, including announc- Deputy  Mayor  for  Housing,  Economic  Develop- affordable home to seniors and their families, al-
        ing records amounts of senior housing. In addi- ment, and Workforce Adolfo Carrion, Jr. “As the   lowing them to age gracefully and remain in their
        tion to creating record amounts of affordable and   most pro-housing administration in city history, we   communities,” said Monsignor Kevin Sullivan, ex-
        senior housing last year, passing the first citywide  are  providing  190  older  adult  households  afford- ecutive director, Catholic Charities of the Archdi-
        zoning  reform  in  60  years,  and  advancing  five  ability, stability, and comfort through our historic   ocese of New York. “Thanks to our work together
        neighborhood plans to create jobs and new hous- investments in housing. Congratulations to our  with the Grand Street Guild, and financing from
        ing  across  the  city,  new  housing  like  the  Ridge   partners for advancing such an impactful project.”   our partners in government, we will be providing a
        Street Apartments will help New York City reach   “The  Ridge  Street  Apartments  project  rep- new home to our lower-income senior neighbors at
        Mayor Adams’ moonshot goal of creating 500,000   resents  190  important  steps  in  the  right  direc- a time when they need it the most.”
        new homes by 2032.                           tion — one for every affordable senior housing   “Our mission is to provide quality housing that
           “Getting older should not mean having to move   unit  this  project  is  creating.  Each  unit  helps  us   offers stability and allows our diverse communi-
        out. We want our older New Yorkers to stay right  advance HPD’s core mission of providing a safe,  ty to grow and thrive,” said Kevin Cronin, chair,
        here in the city they love, and this investment in 190   affordable place to call home for every New York- Grand Street Guild’s Board of Directors. “For
        new affordable apartments for older adults will help   er,”  said  HPD  Acting  Commissioner  Tigani.  “At  over  50  years,  we  have  carefully  managed  this
        us meet that mission,” said Mayor Adams. “From  145 Broome Street, we are excited to support our  3.75-acre complex on the Lower East Side. Given
        creating a record amount of senior housing last year  city’s older New Yorkers and provide 100 percent  our city’s urgent need for truly affordable housing,
        to educating over 1,600 frontline health care work- affordable housing right in the heart of the Lower  Grand Street Guild’s goal is to create new housing,
        ers on helping older patients age in place, our ad- East  Side.  By  creating  recreational,  educational,  enhanced social services, and amenities for those
        ministration is proud to be delivering the housing,  and outdoor spaces, we are working to keep resi- who need it with a special emphasis on the growing
        help, and health care that senior New Yorkers, and   dents connected with one another by developing   population of senior citizens.”


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