The new housing must include a mix of affordable units that reflects the actual incomes of area residents. We believe that at least 1,000 housing units should be built on the Sheridan footprint. The site and buildings must be designed to support this density, with high-quality shared spaces, indoors and out, that promote a strong sense of community. –Community Redevelopment Principles
Almost one quarter of New York City residents use half of their annual salary to pay for rent. The median income for a New York City household in 2004 was $40,000.
Using that figure, an extremely low-income household would make about $20,000 a year, and a middle-income household would make approximately $100,000 per year
With the current financial state of the city and the world, many people are finding it harder and harder to find good places to live and to pay for rent.
In September 2008, New York City reached its highest number if homeless people in shelters in 25 years. The need for affordable housing is greater than ever.
But during our vision session, we found out how difficult it is to build affordable housing. Factors such as density, parking, and costs play an important role.
Nevertheless, Our New Community Plan will allow lower-income residents to live alongside higher-income residents; the higher-income residents would subsidize the lower-income residents.
The most important element of the Community Plan is that the South Bronx community stays on the Sheridan land and that the South Bronx community benefits from the developments.
If the Community Plan is chosen to be built, there will be no chance of a private developer coming in and building a huge strip mall.
Although the exact blueprint and management for the residences of the New Community has yet to be determined, our requirements for mixed-unit, mixed-income, affordable housing that reflects the income of the area will remain the same.
PROPOSED AMOUNT OF HOUSING
The New Community on the Sheridan Plan proposes to build approximately 1,200 new units of housing between Weschester Ave. and E 174th St. All of these buildings would have ground floor retail and commercial space with residences on top.
The result is a welcoming shopping experience at street level that provides businesses opportunities and job opportunities. It is also convenient because community residents can find everything they need in their own neighborhood.
Housing is always an important issue in New York City, and affordable housing is an even greater issue in the South Bronx. The towering housing projects that were built in the 1980s stand as symbols of poverty, crime, and old infrastructure, but the lack of empty land in the Bronx leaves little option to build new homes.
Between 1994-2003, there was an average of 12,013 new units of affordable housing built in the Bronx, and most districts only averaged about 90 new units annually. These units cost around $300,000 each to build due to the high value of land, construction costs, insurance fees, etc.
Our Housing Proposal not only integrates people of different incomes, but it also accomodates people with different living situations.
Our plan is to have one-, two-, and three-bedroom apartments on each floor of the residential buildings. This mix of incomes and housing reflects the needs of our community, and will strengthen our community.
The Sheridan site has much potential because it is close to public transportation (6 train and many bus lines), the Bronx River, and future parkland that will surround the Bronx River (Concrete Plant Park and Starlight Park).
By building responsible housing that reflects the needs of the people living there, we are taking charge of our community’s well-being.