NHPF Annual Report 2015

Major Renovations and New Development

f Community Stability through Housing Preservation

U.S. CONGRESSMAN JOSÉ SERRANO AND NHPF PRESIDENT AND CEO RICHARD F. BURNS led the September 16, 2015 ribbon cutting for the $25.4 million renovation of the 88-unit Plaza Borinquen Townhomes in the Bronx. Speakers included NYC Council Speaker Melissa Mark-Viverito; NYC Department of Housing, Preservation and Development Commissioner Vicky Been; NYC Housing Development Corporation President Gary Rodney; HUD D/RA Mirza Orriols and John Ciardullo, the Plaza Borinquen architect who recounted his experience growing up in the Bronx and why he felt it was important to design four- bedroom homes with open spaces for families in the South Bronx.

Speaker Melissa Mark-Viverito said, “As the cost of living in New York City rises, it’s imperative that we protect our communities and ensure that residents can make ends meet in the neighborhoods they helped build. The rehabilitation of Plaza Borinquen will continue to provide families an affordable place to call home and will have a vibrant impact in the South Bronx. I thank The NHP Foundation, the city agencies, and the private companies that made Plaza Borinquen’s rehabilitation possible.” NHPF acquired Plaza Borinquen in 2012 to save it from becoming market rate housing. We recently renewed its HUD Project-based Section 8 Housing Choice Voucher contract for 20 years.


NHPF Fiscal Year 2015 Annual Report

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