Phipps Houses has landed a $233.3 million loan for its massive affordable housing complex in Far Rockaway. The money for 20-02 Mott Avenue comes from the New York City Housing Development Corporation, and its largest pieces are two building loans for $105.8 million and $72.2 million, according to property records. It will go toward the first phase — 457 units — of Far Rockaway Village, a project that will include roughly 1,700 units overall. HDC […]
source https://therealdeal.com/2018/07/23/phipps-houses-lands-233m-from-city-for-far-rockaway-complex/
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