LIHC Investment Group, one of the largest affordable-housing owners in the country, secured a deal with the city to preserve affordability for more than 650 Section 8 apartments in neighborhoods such as Williamsburg, the Lower East Side and Upper Manhattan. The city’s Department of Housing Preservation and Development granted Maine-based LIHC Investment tax abatements under the state’s Article XI that puts a new, 40-year regulatory agreement on six buildings, the property owner said. “This deal […]
source https://therealdeal.com/2018/08/15/lihc-investment-strikes-deal-with-city-to-preserve-more-than-650-affordable-apartments/
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