The private developers that now manage the NYCHA complex Betances Houses received a $120 million loan to make repairs. RDC Development, a partnership between the Catholic Charities of Brooklyn and Queens, MDG Design and Construction, Wavecrest Management and the Ocean Bay Community Development Corporation, landed a $120.6 million loan to acquire and update the Betances Houses in the Bronx, according to public records and a press release. The Betances portfolio covers 39 multifamily properties and […]
source https://therealdeal.com/2018/12/03/private-developers-receive-120m-loan-to-fix-bronx-nycha-complex/
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