Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NEW YORK CITY-With affordable housing tax credits allocated in the early 1990s now approaching their expiration date, a group of public, private and nonprofit officials in New York City have taken action to preserve 447 residential units in Harlem. Developer L+M Development Partners Inc., in a single joint venture with the Harlem Congregations for Community Improvement Inc. (HCCI), collaborated with the city’s Department of Housing Preservation and Development, the New York City Housing Development Corporation, the Goldman Sachs Urban Investment Group, and the state’s Department of Homes and Community Renewal on the closing of a $75 million tax credit restructuring that will ensure 14 residential buildings in the Bradhurst section of Harlem remain affordable.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.