Monday, January 15, 2018

Hornig Capital Partners

Hornig CapitalHornig Capital Partners specializes in projects that bring value to entire communities.

By Tim O’Connor

Every major city struggles with air pollution, but the situation in the Bronx is among the worst in the country. The New York City borough’s asthma death rate per 1 million people was 36.2 in 2014, according to the New York State Department of Health, nearly double the rest of the city.

The issue has spurred the creation of community groups and activists concerned for the quality of air they and their children are exposed to each day. But at least one developer has taken notice of the issue as well and is integrating healthcare into its next housing project in the Bronx.

Hornig Capital Partners is building a $156 million, 314-unit affordable housing project that will incorporate a 50,000-square-foot ambulatory care facility, teaching kitchen and pharmacy. The kitchen will provide a place for residents to learn to cook with fresh vegetables from the building’s rooftop garden and the pharmacy will be prohibited from selling cigarettes so that it does not contribute to the respiratory issues of the area’s residents.

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