“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

550 units of moderate- and low-income housing, apartments for formerly homeless families, and 13 commercial spaces in Bedford-Stuyvesant and Crown Heights, Brooklyn.

Finance and Development Partners

BEC New Communities
The Hudson Companies
Richman Housing Resources
Citi Community Capital
NYC HDC
NYC HPD
Year 15 LIHTC Preservation Program

FNL's role

With superior organizational skills and commitment, Federated National Land provided clearance on 43 properties. FNL served as lead insurer, providing nearly $200 million in owner’s and loan policies.

BEC Continuum Resyndication Phase II located in Bedford-Stuyvesant and Crown Heights, Brooklyn