New York Governor Kathy Hochul announced a $55 million state investment to advance the Fordham Landing South project in the Bronx, a major initiative that will bring more than 900 affordable homes to the Harlem River waterfront. The announcement, made alongside Assembly Speaker Carl Heastie and Assemblymember Yudelka Tapia, highlights the state’s commitment to addressing the city’s housing shortage and revitalizing underutilized land.
The funding, provided through Empire State Development, will support critical infrastructure work, including site acquisition, planning and design, and construction. Officials emphasized that these investments will enable a mixed-use, transit-oriented development that combines residential, commercial, and public spaces. The project will feature a charter school, grocery store, underground parking, three acres of publicly accessible waterfront, and improved access to Metro-North service, transforming a previously underdeveloped stretch of the Harlem River into a vibrant neighborhood.
“Across New York, we are taking bold action to tackle the housing crisis and make our state more affordable for everyone,” Governor Hochul explained. “Projects like Fordham Landing South are what progress looks like — government at every level coming together to turn vacant or underused land into vibrant communities with affordable homes, jobs and public space.”
Empire State Development President and CEO Hope Knight emphasized the broader impact of the investment, noting that it lays the groundwork for nearly 1,000 new affordable homes and provides Bronx families with stability and access to transit, parks, and employment opportunities.
Assembly Speaker Heastie emphasized the project’s significance for the Bronx, noting that the shortage of affordable housing “has become increasingly apparent” as the city continues to grow.
Assemblymember Tapia highlighted the long-awaited nature of the project, saying that after “nearly four decades, we are finally unlocking the potential of this site” to provide affordable homes and public access to the Harlem River.
Bronx Borough President Vanessa Gibson described the project as a model for balanced development, offering new housing, recreational space, and enhanced connectivity. The announcement aligns with Governor Hochul’s wider housing agenda, which aims to create or preserve 100,000 affordable homes statewide and strengthen housing accessibility and affordability through state funding, tax incentives, and supportive programs.
