News

08.06.2020

“National Urban League Nails Down $188M For Planned 125th Street HQ in Harlem”

Goldman Sachs will contribute $188 million of the project’s $242 million total cost. Other components of the financing package include tax-exempt bonds issued by the state Housing Finance Agency, subordinate financing from New York State Homes and Community Renewal, and tax credits purchased by Goldman and Santander Bank.

07.14.2020

3365 Third Avenue Wins USGBC LEED Homes Award

Congratulations to 3365 Third Avenue in the Bronx and developer Bronx Pro Group for winning the 2020 U.S. Green Building Council’s Outstanding Affordable Project award. “This LEED Platinum project demonstrates that quality housing can be both affordable and sustainable and was designed to encourage community building,” the USGBC wrote. You can read the full award description on the USGBC’s website.

07.09.2020

“Doe Fund breaks ground on housing for homeless in the Bronx”

980 Westchester in the Bronx will feature 151 affordable and supportive housing units. The development is funded through private and public funding sources, including the Housing Development Corporation’s Extremely Low & Low Income Affordability (ELLA) program, federally tax-exempt bonds, and low-income housing tax credits.

07.02.2020

“Bedford Union Armory Preparing to House Nonprofit Groups”

Seven non-profit groups will call the Bedford Union Armory home, including Digital Girl, which focuses on bridging the digital divide by providing computer instruction and workforce training; the James E. Davis Stop the Violence Foundation; the Brooklyn Community Pride Center; the West Indian American Day Carnival Association; and the Ifetayo Cultural Arts Academy, which empowers youth and families of African descent to achieve high levels of educational, professional, and artistic excellence.