City lures teachers with affordable Bronx housing

The city is trying to lure and keep top teaching talent in the Bronx with the construction of affordable housing.

City Comptroller William Thompson Jr. is purchasing more than $28 million in bonds on behalf of the Teachers' Retirement System. The money will go toward the finance of housing for teachers.

"If we are to attract and retain teachers ... then we must be able to create an environment where young members of that profession have reason to hope that they can succeed and ... raise a family in our city," Thompson said.

United Federation of Teachers President Randi Weingarten backs the project, which builds on Mayor Michael Bloomberg's attempts. Last year, the mayor started a program that gives housing subsidies to teachers.

The city plans to build more than 200 units in an abandoned building at 163rd Street and 3rd Avenue. Construction is slated to begin in a month and is expected to be completed in two years.

sorry to interrupt
your first 20 are free
Access to News 12 is free for Optimum, Comcast®, Time Warner® and Service ElectricSM customers.
Please enjoy 20 complimentary views of articles, photos, and videos during the next 30 days.
you have reached your 20 view limit
Access to News 12 is free for Optimum, Comcast®, Time Warner® and Service ElectricSM customers.
Please login or create an account to continue enjoying News12.
Our sign-up page is undergoing maintenance and is not currently available. However, you will be given direct access to news12.com while we complete our upgrade.
When we are back up and running you will be prompted at that time to complete your sign in. Until then, enjoy the local news, weather, traffic and more that's "as local as local news gets."