Well, it all depends.
In my neighborhood in Philadelphia, we’ve added about 1,200 high rise units. Off street parking, green spaces, gyms, etc. as well as retail/grocery/restaurant businesses. It’s been an absolute Blessing.
OTOH, if the city encouraged section 8 or HUD housing, it would have destroyed a neighborhood.
Now, my neighborhood is just a mile from city hall and walking/biking/public transit is very attractive for limp-wristed, dope smoking, deep blue hippies.
All I really “know” about The Bronx is that it’s to the north of Manhattan, or so I’ve come to believe. Maybe it’ll become a desirable neighborhood to Manhattan workers, I couldn’t say.
“I couldn’t say..”
suggest you look up : Schiff from Shinola