NEWS

• Construction begins at Rheingold Senior Residences project in Bushwick, Brooklyn (January 2022)
• Three rent-regulated Glendale apartment buildings undergo $5 million upgrade with new ownership (March 2021)
• Non-profits have critical role to play as affordable housing developers (February 2021)
• Rockabill announces Devine as Principal (February 2021)
• St. Philip Neri Continues to Serve Those in Need (January 2021)
• Goddard Riverside’s Phelps House, a finalist for the New York Housing Conference Community Impact Competition (Dec 2020) (December 2020)
• Stephan Russo joins panel discussion at Homeless Services United Symposium (December 2020)
• Phelps House Refinancing (March 2020)
• NYC Chalks Up $15M Affordable Housing Preservation Deal (April 2019)
• Enterprise, HPD, Rockabill Development, and Selfhelp Community Services Announce $15 Million Deal to Acquire Unregulated Buildings to Preserve as Affordable Housing in Glendale, Queens, New York (April 2019)
• Vincent’s Village Affordable Housing Complex Breaks Ground In Nanuet, Rockland County (April 2019)
• Tim Collins featured on NYHC’s Video Honoring MBD Community Housing Corp. (December 2018)
• $92.7M project completed at low-income apartment complex (June 2018)
• Ribbon-Cutting Ceremony for the Modernization, Upgrade, and Preservation of Fox Hill Apartments (June 2018)
• Partners Close on Project to Preserve 35 Affordable Housing Units in Williamsburg, Brooklyn (July 2017)
• HDC Joins CABS and St. Nick’s Alliance Celebrate the Rehabilitation of 270 Pulaski Street (July 2013)

Enterprise, HPD, Rockabill Development, and Selfhelp Community Services Announce $15 Million Deal to Acquire Unregulated Buildings to Preserve as Affordable Housing in Glendale, Queens, New York

Acquisition will preserve affordability of 72 homes through the Neighborhood Pillars Program

NEW YORK – April 23, 2019 – Enterprise Community Loan Fund, Inc. (ECLF), the New York City Department of Housing Preservation and Development (HPD), Rockabill Development (Rockabill) and Selfhelp Community Services (Selfhelp) today announced a $15,157,250 loan deal through the New York City Acquisition Fund to acquire three four-story apartment buildings in Glendale, Queens for preservation as affordable housing. This is the first acquisition to take place as part of the City’s recently launched Neighborhood Pillars Program, which helps community-based non-profits and mission-driven organizations acquire, rehabilitate, and preserve the affordability of homes at risk of becoming unaffordable to the families who rely on them. The new owner expects to close on HPD and HDC financing for renovations and to refinance the New York City Acquisition Fund bridge loan this summer…

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