Washington, DC – July 16, 2010 – (RealEstateRama) — Congressman Eliot Engel announced federal grants of $10,748,900 for the Hebrew Home for a substantial rehabilitation of Hudson House on Johnson Avenue to create 59 one-bedroom apartments for low-income seniors.
Rep. Engel said, “This money comes in two parts, $9,329,600 in capital funds to rehabilitate the building on Johnson Avenue, and $1,419,300 in rental subsidies. This money, from the Department of Housing and Urban Development, will not only create homes for seniors, but economically reinvigorate the neighborhood by adding residents who will be buying from local merchants.”
Dan Reingold, President and CEO on the Hebrew Home, said, “There is a critical need for safe and affordable homes for low income seniors in the Bronx and throughout New York City. Through the extraordinary efforts of Congressman Engel the Hebrew Home is proud to sponsor Hudson House through the section 202 HUD capital grant program and Federal Section 8 rent subsidies. This beautiful facility will be great asset to the Riverdale community, the Bronx, and the City of New York. Congressman Engel is a true public servant and an enormous and effective advocate for seniors across the United States.”
HUD, in announcing the grants, said, “The project’s sponsor, the Hebrew Home for the Aged at Riverdale, is nationally recognized as pre-eminent in the field of senior service delivery. The existing community spaces will support an array of services complemented by a Service Coordinator.”
Work in the building is expected to start in approximately six months and Mr. Reingold said he hopes to have people living in the building before the end of this year.