In a move that is so awesome, the arguable birthplace of hip hop – an apartment building at 1520 Sedgwick in the west Bronx – has been given a stay of gentrification by New York housing authorities.

The city rejected a $9 million bid on the property by the Mitchell-Lama real estate development group, calling that price "inconsistent with the use of property as a Mitchell-Lama affordable housing development."

DJ Kool Herc, a godfather of hip hop music and onetime performer in 1520's community room, was on hand for the celebration following the decision. "It’s not just about 1520, it’s about all affordable housing," said Herc. "Every family needs a piece of the American dream."

The residents of the historic building are hoping this rejection will spark discussion about a tenant-led purchase of the property.