Affordable Housing - New York

  • JV Restructures Partnership for Brooklyn Redevelopment

    Greenland USA and Forest City Realty Trust reached an agreement to extend Greenland's ownership interest to 95 from 70 percent and decrease Forest City's interest to 5 from 30 percent for its Pacific Park Brooklyn mixed-use project.

    16 January 2018 18:15
  • $53M Earmarked for Bronx Senior Housing Renovations

    A joint venture is refinancing Fort Schuyler House, a 138-unit development. Plans call for $15.5 million in capital repairs, and the property will preserve affordability for its residents.

    04 January 2018 16:17
  • Home Leasing to Inject $48M in Albany Affordable Housing

    The company will rehabilitate more than 200 units. Guided by the State Historic Preservation Office, the remodeling of the properties will utilize historic tax credits.

    03 January 2018 15:57
  • Brooklyn Community Lands $92M

    Greystone Bassuk arranged the 10-year permanent loan with Union Bank on behalf of The Hudson Cos. for The Parkline, a 254-unit building located in Prospect Lefferts Gardens.

    03 January 2018 15:55
  • Jonathan Rose Begins Leasing Brooklyn Community

    Caesura, named after a pause in the middle of a line of music or poetry, features 123 studios and one- and two-bedroom apartments, in addition to 34 furnished micro units. Move-ins will begin in February 2018.

    12 December 2017 17:20
  • Stamford Community Commands $67M

    TH Real Estate sold The Wescott Apartments in Stamford, Conn., to a New Jersey-based investor, while Pensam Residential and Freddie Mac provided a preferred equity investment to facilitate the acquisition.

    11 December 2017 22:17
  • What Does De Blasio’s Re-Election Mean for NYC Affordable Housing?

    During his campaign, Mayor Bill de Blasio pledged to expand his focus on affordable housing. Standard Communities Co-Founders Scott Alter and Jeff Jaeger weigh in on how his re-election will impact affordable housing developers and renters.

    06 December 2017 14:18
  • Luxury Boutique Community in Brooklyn Hits the Market

    Meridian Capital Group will handle the sale of the recently completed Brooklyn Grand, a two-building residential and retail development in Williamsburg.

    05 December 2017 21:13
  • Brooklyn Residential Tower Lands $218M Refi

    Located in Brooklyn Cultural District Fort Greene, the Gotham Organization's 586-unit Ashland offers residents a wide range of amenities, including a 17,000-square-foot Gotham Market.

    09 November 2017 15:34
  • JV to Build 274 Affordable Units in Brooklyn

    HPD and HDC designated the joint venture between MHANY Management, Urban Builders Collaborative and Cypress Hills Local Development Corp. to develop Chestnut Commons, which will be East New York’s largest affordable community.

    31 October 2017 13:49
  • Breaking Ground Opens 1st Affordable Community

    Designed by COOKFOX Architects, Park House is an $86 million, 248-unit project in the Bronx, built to accommodate low- and very low-income families.

    06 October 2017 15:07
  • SG Blocks to Develop Largest Projects in Company History

    The developer of container-based structures plains to build two low-income housing projects totaling 390,000 square feet in New York State. Both multistory buildings will be fully modular.

    05 October 2017 14:59
  • Emerald Equity Lands $129M for Bronx Portfolio

    Sabal Capital Partners closed on 34 Freddie Mac Small Business Loans on behalf of Emerald. Comprising more than 850 units, this marks the largest Small Balance Loan transaction through the Freddie Mac SBL program since it was created in 2014.

    05 October 2017 14:11
  • New Destiny Breaks Ground on Affordable Bronx Community

    The Jennings will feature 42 units for low-income households. Alex Gorlin is the architect and Lettire Construction is the general contractor.

    04 September 2017 16:13
  • Supportive Housing Coming to Brooklyn

    Comunilife and NYC Health + Hospitals broke ground on a $28 million, 89-unit community that will provide housing to low-income residents and individuals with behavioral health issues.

    22 August 2017 13:57