River Park Towers, Camp Gold Coast

Construction

In 1955, the Mitchell-Lama Housing Program was signed into law. This program encouraged subsidized housing and many such projects sprung up throughout the city and state. With companies created to specialize is such projects, loans of around 90% to 95% of each project cost was given. In addition, state bonds with low interest rates allowed rents to be effectively be cut, while being adding modern amenities to the buildings built. This allowed the River Park Towers, two modern skyscrapers to be constructed while supporting middle-income tenants.The area purchased (yet at a very low price) was industrial, with the Metro-North Railroad's Hudson Line, the Major Deegan Expressway, and the Harlem River for transportation. The land is not far from other high-rises, albeit far taller in height than its companions. The towers are located in Morris Heights, a residential neighborhood in the Bronx, at 10, 20, 30, and 40 Richman Plaza. The Towers were sponsored by the New York State Urban Development Corporation, a public agency created by the act of the same name in 1968. Due to this sponsorship, work could commence here. The towers were completed in 1975.