K&R News
PRESERVING AFFORDABLE
HOUSING IN AT-RISK MARKETS
PUSHING PRESERVATION
By Donna Kimura NEW YORK CITY—Nearly 450 apartments in 14 buildings will remain affordable for decades to come under a new $75 million transaction. The buildings were part of the Harlem Congregations for Community Improvement, Inc. (HCCI), portfolio that was...
PRESERVATION FIRM ACQUIRES SECOND NYC PROPERTY
By Donna Kimura Preservation Development Partners has acquired its second property, a 179-unit apartment complex in East Harlem that will remain affordable for another 40 years. The total development cost of the occupied complex is $50 million, including the...
4 LOW-INCOME SENIOR APARTMENT COMPLEXES SOLD IN ALBANY REGION
Jan 12, 2017, 3:02pm EST Michael DeMasi Reporter Albany Business Review Four low-income senior apartments complexes in the Albany, New York, region were purchased by Preservation Development Partners of New York City. The properties are Summit Towers at 720...