East New York, NY
Cypress Hills Local Development Corporation
Worked closely with Sponsor to manage close out of financing plan for new construction of 60 units of 1, 2 & 3 bedroom affordable apartments with ground floor retail FRESH food market. Construction is expected to be completed in July 2017.
9% tax credits issued through New York City Department of Housing Preservation and Development (HPD), HPD subsidy loan, Reso A funds and conventional financing.