CITY COUNCIL RENEWS ARTICLE XI TO SECURE THE AFFORDABILITY OF THE DREAMYARD, A 300 UNIT AFFORDABLE HOUSING PROJECT IN THE BRONX
By NYCHDC -

New York City Department of Housing Preservation and Development (HPD) Commissioner Maria Torres-Springer and New York City Housing Development Corporation (HDC) President Eric Enderlin announce that the City Council voted to renew the Article XI tax exemption for Dreamyard NEP HDFC, a 301-unit affordable housing project in the University Heights and Morris Heights neighborhoods of the Bronx.  This is a major milestone as the City looks to finance the rehabilitation and extended affordability of these two year-15 tax credit properties owned by Bronx Pro Group


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NYCHDC
http://www.nychdc.com/

The New York City Housing Development Corporation (“HDC”) provides a variety of financing programs for the creation and preservation of multi-family affordable housing throughout the five boroughs of New York City.  HDC is implementing Mayor Bloomberg’s New Housing Marketplace Plan to build and preserve 165,000 units of affordable housing over ten years. The New Housing Marketplace Plan is the largest municipal affordable housing effort in the nation’s history.  HDC’s programs are designed to meet the wide-range of affordable housing needs of the City's economically diverse population.

Contact:
Christina Sanchez
Phone: (212) 227-2644

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