Bronx Borough President Ruben Diaz Jr. has announced that his office is providing more than $34 million in capital funds to organizations all over the borough through his FY2016 capital funding allocations.
This year, Borough President Diaz will allocate $34,450,000 to 108 total projects. This includes funding for nearly 70 education projects across the borough, park upgrades, the redesign and redevelopment of a portion of the Grand Concourse as well as the creation of over 2,300 units of new housing, among other projects. Since taking office in 2009, Borough President Diaz has funded a total of 480 projects for $166,480,000.
“Through these critical funding allocations my office is able to provide technology upgrades to public schools, safety improvements for NYCHA residents, park renovations and thousands of units of new housing,” said Bronx Borough President Ruben Diaz Jr. “I am proud to have been able to provide this funding to so many worthy institutions in this year’s capital budget.”
This year, Borough President Diaz’s largest allocations went to housing, $11.2 million, representing 32.7 percent of his total capital budget. These funds will support the creation of 2,331 new units of housing of all types across sixteen projects, keeping in line with Borough President Diaz’s commitment to keep the borough’s housing stock diverse and affordable.
Borough President Diaz is also providing more than $10.6 million, or 30.8 percent of his entire capital budget, to 67 school projects across the borough. This money, which represents the second highest percentage of this year’s capital allocations, will go towards technology upgrades and other physical plant improvements in public schools across The Bronx.
Several notable projects Borough President Diaz is funding this year include $1 million towards the next phase of the renovation of the Grand Concourse, over $1 million towards renovations at both Lehman College and Bronx Community College, $500,000 towards a new building for the Pregones Theater, and $150,000 towards a dog run on Pelham Parkway.
“This critical funding helps keep our educational institutions vibrant, our schools strong, our parks clean and our neighborhoods safe. This funding is critical to the continued positive growth of our communities, and I am proud to have helped so many important projects in every corner of our borough,” said Bronx Borough President Ruben Diaz Jr.
The full list of projects can be found at http://on.nyc.gov/1DquYTr.