Views from the Northwest Bronx

The UNHP Northwest Bronx Resource Center (NWBRC) is committed to bringing needed resources to our Bronx community. That commitment is renewed as we face this ongoing COVID-19 crisis. We know people need information about health, food, financial, and housing resources at this time.

In this post, we will focus on financing trends among owners and investors in private, rent-stabilized housing in New York City. Below is an attempt to capture some of the changes in the housing finance landscape over the past number of months and particularly since the beginning of the current public health crisis. Without predicting the future, we hope to raise a number of questions as to where that market is headed and how tenants might be affected, with an emphasis on data and  examples from the Bronx. 

Despite the need to close our NYC Free Tax Prep Program on March 14th due to the rising health concerns from COVID 19, UNHP was able to assist 920 low-to moderate income Bronx residents file their taxes for free and access on-site financial and affordable housing services.

On Saturday, October 20th, UNHP held its 2nd annual Bronxtober Fest – offering a wide range of on-the-spot assistance for the crowd of over 80 Bronx residents. Thanks to our Fordham University and Manhattan College student volunteers, over 60 attendees enrolled in Housing Connect, NYC’s online affordable housing lottery.

Over 75 Bronx tenants have attended our 2016 homebuyer workshops. Bronx renters are interested in ownership options. Let’s look at what the Bronx has to offer for prospective homeowners.

UNHP created the Home Ownership Database (HOOD) to reach out to homeowners of 1-4 family homes who have fallen behind on their City liens, such as water and sewer bills, and tax liens. A recent look at the data reveals that neighborhoods as different as the Upper East Side and Jamaica, Queens have much in common when it comes to delinquent City liens.

Our blog has been a little quiet in 2015 and no we have not been hibernating – we have been so busy preserving distressed multifamily housing and delivering a wide range of financial services in the Northwest Bronx that we have not had time to brag about it!

On Wednesday, June 11, University Neighborhood Housing Program (UNHP), a non-profit with over 30 years of experience, will sponsor a Credit Extravaganza at the Northwest Bronx Resource Center located at 2715 Bainbridge Avenue Bronx, NY from 5:30 pm until 7:30 pm. The Credit Resource Fair will help attendees review their credit and meet with advisors about ways to stretch their incomes, and create better spending habits.

UNHP & Parodneck offer first-time homebuyer assistance!

Homebuyers Seminar on May 30 to launch 1st Time Buyer Program