“Gotham-Led Venture Scores $445M for Queens Project”

As reported in Multi-Housing News, the Gotham Organization and RiseBoro will develop a two-tower community within the larger Hunter’s Point South site. Gotham South will provide more than 1,100 residential units, 75% of which will be designated for permanently affordable housing. Over $445 million in financing has been secured for the joint venture, including a $311 million construction loan from the New York City Housing Development Corp. (HDC) and $134.4 million from the Department of Housing Preservation and Development (HPD).