Another big win for New York City, this time, on Staten Island!
In partnership with Iris Holdings Group, NEF is proud to support the refinancing of the Seaview Estates Complex, a 316-unit multifamily development in the St. George waterfront neighborhood. The complex is comprised of four buildings with affordable homes ranging from studio to three-bedrooms.
Refinancing a development like this offers an opportunity to preserve and maintain affordable housing in communities with rapidly rising rents, ensuring that all individuals have a safe space to call home.
Read more about this preservation project here.
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