Manhattan Times | July 26, 2012
…“We have been through economic ups and downs which were never predicted. We have been through changes in the state and federal administration but nothing has deterred us,” said Mayor Bloomberg at the ground-breaking. “This development will bring new benefits to this community, safe high quality affordable housing, hundreds of local construction jobs, support for working families and a rich cultural resource.”
The development of the housing complex and cultural center will create approximately 340 construction related jobs, and will also establish a new early childhood center for approximately 100 to 120 local preschool-aged children, and space for the privately funded Sugar Hill Children’s Museum of Art and Storytelling, which will be geared towards children from pre-kindergarten through fifth grade.
Estimated to cost over $80 million, the project’s financing has been secured through a number of private and public entities, including funding from Capital One Bank, philanthropic support, and federal, state and city funding.
Broadway Housing Communities Founder and Executive Director Ellen Baxter, whose decades of civic work have been focused on providing affordable housing to those who need it most, was ecstatic.
“[This] is the culmination of Broadway Housing Communities’ 30-year commitment to create opportunities to strengthen individuals, children and families, and communities with access to affordable housing, early childhood education and cultural opportunities – three integral components of a sustainable and vibrant community,” said Baxter.