Property Resources Corp. and Camber Property Group landed nearly $60 million to finance a 161-unit affordable housing development in the Bronx. The developers received $40 million in subsidies and tax-exempt bonds from the city’s Department of Housing Preservation and Development and the Housing Development Corporation for a project at 975 Tiffany Avenue. The joint venture secured $15 million in federal Low Income Housing Tax Credit equity and is throwing in another $5 million of its […]
source https://therealdeal.com/2018/07/09/prc-camber-land-55m-for-affordable-housing-project-in-the-bronx/
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