Torossian continued, "As a whole, Omni, carries an entire portfolio of tenants who make less than 60% of the AMI (area median income), with 90% of them being on some variation of rental housing assistance, Section 8 and LINC included."
In the New York City area alone, Omni currently owns and manages 6,204 units. Of that figure 4,801 are units that receive some form of Federal Section 8 assistance. Of the remaining 1,403 units in its NYC portfolio, approximately 700 tenants receive some other form of rental housing subsidy (including LINC).
On December 22, 2016, Omni opened its newly constructed Morris Avenue Apartments, a 176-unit building in the Bronx; the first tenants to move into the building were 16 previously homeless veterans. Omni worked closely with various New York City agencies to ensure these tenants had homes in time for the holidays. All of these tenants receive some version of a rental subsidy, including Section 8 and LINC.
"Omni New York is and always has been a solid and thoughtful corporate citizen, and it is committed to continuing its work revitalizing neighborhoods, partnering with community and neighborhood groups, and making sure that social services are delivered properly to their communities," Torossian said.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/omni-new-york-and-river-park-residences-is-proud-of-its-commitment-to-its-tenants-and-the-city-300390824.html
SOURCE Omni New York LLC