LIHC refinances Little Italy property with $74M FHA loan
LIHC Investment Group and Rockport Mortgage Corporation announced the closing of an FHA Section 223(f) refinancing loan totaling $74 million for Little Italy Restoration Apartments...
Tag : affordable
Extell opens is first affordable housing development on Upper East Side
Council Member Ben Kallos joined Extell Development president and founder Gary Barnett to cut the ribbon on a newly completed residential and commercial construction at...
Development teams tapped to build Hudson Yards’ affordable neighbors
The New York City Department of Housing Preservation and Development (HPD) Commissioner Maria Torres-Springer announced today the selection of development teams to build 258 units of affordable...
Related, Hudson say new Roosevelt Island tower will be 100 percent affordable
Related Companies and The Hudson Companies announced plans to bring 340 new units of affordable housing to Roosevelt Island. Sixty percent of 460 Main Street’s...
NYBC says city on pace to meet affordable housing goal
New York Building Congress, NYBC, says New York’s affordable housing is keeping pace with city-designated benchmarks, adding almost 35,000 new units since 2014. According to...
Related closes $590M affordable homes purchase
Related Companies has closed on the acquisition of 7,837 affordable housing units from Apartment Investment and Management Company, making Related one of the nation’s largest...
Tax break 421a provides opportunities for developers and residents alike
By Heidi Burkhart, president and founder, Dane PCG I have heard a lot of criticism of the 421-a affordable housing program, which some have deemed...
City adds 10,000 units to housing target to address rising homelessness
New York City’s affordable housing plan got a revamp from the Department of Housing Preservation and Development, amid recent criticism over homelessness and a shortage...
Hudson Co., BEC secure $97.5M financing for Brooklyn housing preservation project
The Hudson Companies and BEC New Communities have closed on $97.5 million in financing for an affordable housing preservation project in Brooklyn. The initiative, called...
Habitat for Humanity partnership acquires land for 25-unit Brooklyn housing project
A partnership led by affordable housing developer Habitat for Humanity New York City will build a 25-unit affordable housing development in Brownsville, Brooklyn. The joint...