NEWS
- Chris Dirr focused on bringing affordable apartments to Pittsburgh as he joins Rockabill (February 2023)
- Rockabill Hires Dirr as Principal (February 2023)
- Hoboken-based Rockabill adds veteran multifamily developer as principal (February 2023)
- Rockabill Arranges $97 Million for SEBCO; Bringing New Affordable Senior Housing to the Bronx (February 2023)
- Rockabill arranges $15 million in financing for the rehabilitation of 13 affordable apartment buildings (September 2022)
- Rockabill Consulting arranges $18m for West Harlem Group Assistance (September 2022)
- Two financing deals will protect 303 affordable apartments in the Bronx (August 2022)
- Rockabill Secures $16.5 Million in Financing for the Rehabilitation of 106 Affordable Apartments in the Bronx (August 2022)
- Rockabill Announces $18M in Financing for 50-Unit Transitional Shelter for Families (August 2022)
- LISC NYC completes 2.4 million construction loan deal for 200+ units of afforable housing (August 2022)
- Rockabill Arranges Funding to Reposition Affordable Bronx Portfolio (July 2022)
- Rockabill Arranges $15M in Financing for the Rehabilitation of 197 Affordable Apartments in the Bronx (July 2022)
- Rockabill Arranges $15M in Financing for the Rehabilitation of 13 Affordable Apartment Buildings in the Bronx (July 2022)
- Rockabill names new vice president (January 2022)
- Rockabill Consulting & Development Promotes Sean McNamara to Vice President (January 2022)
- Southside United HDFC and CUFFH begin $67 million Rheingold Senior Residences (December 2021)
- Construction Has Started on Bushwick’s Rheingold Senior Residences, an Affordable Housing Complex (November 2021)
- Rheingold Senior Residences Breaks Ground At 15 Monteith Street In Bushwick, Brooklyn (November 2021)
- Construction begins at long-awaited affordable housing complex for seniors in Bushwick (November 2021)
- Work starts on turning brewery into senior housing (November 2021)
- Construction Begins on Affordable Passive House Development for Seniors at former Rheingold Brewery Site (November 2021)
- Former New York Orphanage Site Becomes Senior Housing (October 2021)
- Vincent Village In Nanuet Opens Doors (September 2021)
- Vincent’s Village Provides 93 New Homes for Rockland Seniors (September 2021)
- Affordable, Supportive Senior Housing Development Opens In Nanuet (September 2021)
- Governor Hochul Announces Completion of $42 Million Affordable and Supportive Housing Project in Rockland County (September 2021)
- Affordable housing development expert joins Hoboken-based consulting firm (July 2021)
- ODM Executive of the Month: As managing principal of Rockabill, Niall Murray pursues full-integration, diversifies services (May 2021)
- Merchants Capital Closes HDC Risk Share Loan on Harlem Seniors Housing (April 2021)
- Harlem Affordable Property Lands $18M Overhaul (April 2021)
- Merchants Capital closes on first ‘risk share’ loan (April 2021)
- Mannie Wilson Towers Receives $18 Million For Building Upgrades In Harlem, Manhattan (April 2021)
- Merchants Capital Secures $18MM+ for Capital Improvements to Historic Affordable Housing Development in Harlem (April 2021)
- Construction begins at Rheingold Senior Residences project in Bushwick, Brooklyn (April 2021)
- Rockabill Development renovates Queens affordable housing portfolio (April 2021)
- Rockabill Development Completes Preservation of Workforce Housing Portfolio (March 2021)
- Three rent-regulated Glendale apartment buildings undergo $5 million upgrade with new ownership (March 2021)
- Housing projects in Utica, Rome receive $2 million from state (March 2021)
- Supportive Housing Passive House Project Awarded $1 Million in NYSERDA’s Buildings of Excellence Competition (March 2021)
- Real Estate Weekly’s 2020 Rising Stars (February 2021)
- Non-profits have critical role to play as affordable housing developers (February 2021)
- Rockabill announces Devine as Principal (February 2021)
- Rockabill Development Completes Preservation and Rehabilitation of Affordable Workforce Housing Portfolio in Glendale, Queens (February 2021)
- Affordable housing consulting firm names new principal (February 2021)
- Katie Devine Named Principal of Rockabill Consulting & Development (February 2021)
- Concerning the state of supportive housing in NYC – by Niall Murray (January 2021)
- Merchants makes $66M commitment to senior housing (March 2020)
- Phelps House Refinancing (March 2020)
- Affordable housing projects in Yonkers, Nanuet secure money for rehabilitation efforts (October 2019)
- Developer closes on first loan from NYC Acqusition Fund (April 2019)
- NYC Chalks Up $15M Affordable Housing Preservation Deal (April 2019)
- Construction on 93-unit affordable senior complex breaks ground in Nanuet (April 2019)
- Vincent’s Village Affordable Housing Complex Breaks Ground In Nanuet, Rockland County (April 2019)
- Three rent-regulated Glendale apartment buildings sold to nonprofit group for nearly $16 million (April 2019)
- Tim Collins featured on NYHC’s Video Honoring MBD Community Housing Corp. (December 2018)
- $92.7M Modernization of Fox Hill Development Project Completed (June 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)
NYC Chalks Up $15M Affordable Housing Preservation Deal
One of the Glendale apartment buildings. Image courtesy of Enterprise
Publication: Multi-Housing News
By: Greg Isaacson
The New York City Acquisition Fund has provided a $15.1 million loan to acquire and preserve three apartment buildings in Queens as affordable housing, marking the city’s first deal under the Neighborhood Pillars Program that aims to safeguard the affordability of existing buildings.
The loan deal was coordinated by a roster of organizations, including the New York City Department of Housing Preservation and Development (HPD), in concert with privately held Rockabill Development. Rockabill will co-own the properties alongside Selfhelp Community Services, a not-for-profit organization that will provide services for older residents as they age in place and require assistance…
Click here to read the full press release online
Click here to read more about the project on our website