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Friedrichs Supportive Housing
Mount Vernon, NY

Sponsor
The Wartburg Home of the Evangelical Lutheran Church, a not-for-profit organization that services the needs of low-income older adult of all faiths at its 36 acre Mount Vernon, New York campus.

Project
Developed the financing structure, prepared the necessary applications for funding, negotiated financing terms and managed the closing process in conjunction with Sponsor to develop 61 units of new affordable senior apartments on the Wartburg Campus in Mount Vernon, New York. Construction was completed February 2013.

Financing
Tax exempt financing issued through New York State HFA,NYS HFA tax credits, NYS HEAL funding and HFA subsidy loan.