A new 10-story apartment building with 148 apartments that fall within the city’s affordable housing guidelines, is now ready to take new renters.
Ninety of the apartments at El Borinquen Residence will have on-site supportive services for people who are presently homeless, and 29 are reserved for seniors.
In the 2023 State Budget, Gov. Kathy Hochul introduced a $25 billion, five-year housing plan to create or preserve 100,000 affordable homes across the state, including 10,000 with support services for people who traditionally have trouble finding housing they can afford.
Ninety of the 148 apartments at El Borinquen are reserved for formerly homeless adults and young adults who are aging out of foster care. They will have access to rental subsidies, as well as to the supportive services offered in the building.
Supportive services include individual case management, mental health referrals, job readiness training and financial literacy workshops.
Twenty-nine apartments will be reserved for residents 62 and older with incomes at or below 30 percent of the Area Median Income. The remaining apartments are for households earning at or below 60 percent of the AMI.
A community space for events, a bike room, a landscaped area on the ground floor, and a rooftop garden are among the amenities offered.
The block where the development is located is zoned mixed-use residential and commercial, with four subway lines nearby.