The city has provided TF Cornerstone with more than $450 million in financing for its 800-unit affordable development at 52-03 Center Boulevard. The package included a roughly $173.3 million mortgage from the Department of Housing Preservation and Development, according to property records. The remaining $282.3 million in financing, which included bonds, was from the city’s Housing Development Corporation. The agencies and TF Cornerstone did not immediately respond to requests for comment. The project at 52-03 […]
source https://therealdeal.com/2019/01/04/tf-cornerstone-gets-more-than-450m-in-financing-for-lic-affordable-housing-project/
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