Page 12 - The Indian EYE 072525

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.”

www.TheIndianEYE.com