Governor Hochul Announces $55 Million State Investment to Advance Fordham Landing South, Unlocking More Than 900 Affordable Homes on the Bronx Waterfront

Governor Kathy Hochul today was joined by Assembly Speaker Carl Heastie and Assemblymember Yudelka Tapia in the Bronx to announce a $55 million Empire State Development (ESD) investment to advance Fordham Landing South, a transformative, 100 percent affordable housing project planned along the Harlem River. The State funds will support essential site infrastructure, including site acquisition, planning and design, infrastructure construction, and other costs, to unlock a mixed-use, transit-oriented development that will bring new affordable homes, jobs, and public space to the Bronx waterfront.

Building on the City of New York's plan announced in August 2025, Fordham Landing South will create more than 900 new affordable homes. The project will transform an underutilized stretch of the Harlem River into a vibrant, connected neighborhood featuring a charter school, grocery store, underground parking, three acres of public waterfront and improved access to Metro-North service.

"Across New York, we are taking bold action to tackle the housing crisis and make our state more affordable for everyone," Governor Hochul said. "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. I'm proud that New York State is investing in the Bronx and building a stronger, more inclusive future for all New Yorkers."

Empire State Development President, CEO and Commissioner Hope Knight said, "Affordable housing is not only essential to our communities - it is the foundation of economic opportunity. Through this investment, ESD is helping to lay the groundwork for nearly 1,000 new affordable homes that will give Bronx families stability and access to transit, parks, and good jobs. Under Governor Hochul's leadership, and in close partnership with the Assembly and the City, we're transforming this stretch of the Harlem River into a model for inclusive, sustainable development."

Assembly Speaker Carl Heastie said, "It is said that New York City is the city that never sleeps, but for too many finding a place to call home has been a challenge. As our city expands, the shortage of affordable housing has become increasingly apparent. Our aging infrastructure, coupled with the urgent need for affordable housing projects, makes the Fordham Landing project more crucial than ever. It addresses numerous concerns for the Bronx and our city as a whole making today's announcement a big win. I want to express my gratitude to Governor Hochul for her unwavering commitment to making housing a priority, and to Assemblymember Tapia for her unwavering dedication to her district and the overall well-being of the Bronx."

Assemblymember Yudelka Tapia said, "I was proud to lead the effort to secure $55 million in state funding to make this long-awaited project a reality for our community. After nearly four decades, we are finally unlocking the potential of this site and transforming it into something that serves the people of the Bronx. Fordham Landing South will deliver nearly 1,000 affordable homes and the first public access to this stretch of the Harlem River. This is about empowering families so they can live with dignity, put food on the table, and build a community where Bronx residents can live, work, and thrive. I'm grateful to Governor Hochul and Speaker Heastie for working with me to bring this vision to life."

Bronx Borough President Vanessa L. Gibson said, "Fordham Landing South is a significant investment in our borough, with 100% affordable housing, a new pedestrian bridge, an extended platform to better connect Bronxites to jobs, schools, and opportunity, access to recreational space, and so much more," said Bronx Borough President Vanessa L. Gibson. "Once it's completed, this project will serve as a prime example of positive development designed with intentionality and balance to best serve the needs of our communities. Thank you to Governor Kathy Hochul and Empire State Development for a $55 million investment into this project that will help alleviate our city's housing crisis and ensure our residents have access to safe and affordable housing opportunities in our borough."

Governor Hochul's Housing Agenda
Governor Hochul is dedicated to addressing New York's housing crisis and making the State more affordable and more livable for all New Yorkers. As part of the FY25 Enacted Budget, the Governor secured a landmark agreement to increase New York's housing supply through new tax incentives, capital funding, and new protections for renters and homeowners. Building on this commitment, the FY26 Enacted Budget includes more than $1.5 billion in new State funding for housing, a Housing Access Voucher pilot program, and new policies to improve affordability for tenants and homebuyers. These measures complement the Governor's five-year, $25 billion Housing Plan, included in the FY23 Enacted Budget, to create or preserve 100,000 affordable homes statewide, including 10,000 with support services for vulnerable populations, plus the electrification of an additional 50,000 homes. More than 65,000 homes have been created or preserved to date.

The FY25 and FY26 Enacted Budgets also strengthened the Governor's Pro-Housing Community Program - which allows certified localities exclusive access to up to $750 million in discretionary State funding. Currently, more than 360 communities have received Pro-Housing certification.

Contact the Governor's Press Office