City will convert 14 apartment buildings into housing for homeless

The city has taken the next step in converting over a dozen Manhattan and Bronx apartment buildings into housing for hundreds of homeless New Yorkers. The Neighborhood Restore Housing Development Fund Corp., a nonprofit that partners with the city on affordable housing projects, paid $74 million for the 14 buildings, property records show. The seller was landlord Mark Irgang, according to records. The city provided about $80 million to finance the purchase. “Through this latest

source https://therealdeal.com/2020/02/20/city-will-convert-14-apartment-buildings-into-housing-for-homeless/