NYC Officials Announce Grand Opening of New Via Verde Affordable Housing Development

Mayor Michael R. Bloomberg, HUD Secretary Shaun Donovan, HPD Commissioner Mathew M. Wambua, HDC President Marc Jahr, NYHomes CEO Darryl C. Towns, were joined by to cut the ribbon to mark the official opening of  the Via Verde affordable housing development located at 700 Brook Avenue and East 156th Street in the South Bronx. Via Verde, a largely City-financed project that blends 151 rental units and 71 co-op units with innovative and sustainable green design elements, was the winning proposal to New York City’s first juried design competition for affordable and sustainable housing. The development is also the latest to be completed in the Administration’s efforts to rebuild the blighted South Bronx. Via Verde was developed as part of Mayor Bloomberg’s New Housing Marketplace Plan. The plan is a multi-billion dollar initiative to finance 165,000 units of affordable housing for half a million New Yorkers by the close of Fiscal Year 2014. For every dollar invested by the City, the plan has leveraged $3.41 in private funding, amounting to a total commitment to date of more than $19.4 billion to fund the creation or preservation of over 130,770 units of affordable housing across the five boroughs. Nearly 40,400 units have been financed in the Bronx, with 7,190 of those units in Bronx Community Board 1 where Via Verde is located.

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