The Eastchester Heights project secures a full 40-year Article XI tax exemption for 114 rental buildings containing 1,416 units in the Bronx. The agreement includes a 15% set-aside for homeless tenants (212 units), rent restrictions, and necessary short-term repairs, ensuring long-term affordability.
The exemption ensures housing stability for low-income families in the Bronx, while addressing critical repairs and maintaining affordability through regulatory agreements.