The preferred equity investment will allow the firm to leverage increased liquidity, fund affordable/workforce housing project development, and grow internal capacity.
Preservation Effort Will Keep Rents Affordable for Tenants at the 13-Building Portfolio in Historic Bronx Community for Decades to Come
A joint venture led by NCV Capital partners secured debt and equity to fund and rehab a 13-building, 515-unit affordable housing portfolio.
Residents in 1,700 Apartments to Receive New Kitchens and Bathrooms in Addition to Upgrades to Major Building Systems and Enhanced Landscaping and Common Areas