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Mamdani closed financing for Sol on Park, 229 affordable homes for older New Yorkers in the Bronx. The $214 million build lands on NYCHA’s Morris Houses campus.

The Mamdani administration has closed $214 million in financing for Sol on Park, a 229-unit affordable senior development on NYCHA's Morris Houses campus.

Mamdani closed financing for Sol on Park, 229 affordable homes for older New Yorkers in the Bronx. The $214 million build lands on NYCHA’s Morris Houses campus.
Construction cranes are visible at a Brooklyn housing development site. The city is reportedly working to add housing units ahead of a July deadline.
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The Mamdani administration announced on July 1 the financial closing for Sol on Park, a $214 million development that will create 229 permanently affordable homes for older New Yorkers on the New York City Housing Authority’s Morris Houses campus in the Morrisania section of the Bronx, according to a press release from the mayor’s office.

The project is the city’s largest use to date of the Transfer of Assistance program, a financing tool that lets current public housing residents voluntarily move into newly built affordable units, freeing their original apartments for other NYCHA uses. Of the 229 homes, 80 are reserved for current residents of Morris Houses I and II through that mechanism, 68 are supportive homes for formerly homeless seniors and 80 will be made available through the Housing Connect lottery for low- and middle-income seniors.

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