“With the City and State mandated for MWBE participation, having Federated National Land on the team not only assists with satisfying the prerequisite, but it’s also great having a familiar group on the team.”

- Pierre Downing, Notias

Description

168 units of affordable senior rental housing in the Bronx. Estimated completion: December 2018.

Finance and Development Partners

Foxy Management
Hebrew Home for the Aged (Riverdale)
Alembic Community Development
Raymond James Tax Credit Funds
TD Bank
NYC HPD
NYC HDC.

FNL's role

Built on air rights over an existing building, Federated National Land worked hand-in-hand with the development team to find creative solutions to a range of complicated issues, resulting in cost savings for both the developer and lenders.

1880 Boston Road Senior Apartments in the Bronx