CDT: Partnership Closes $37M Deal to Preserve 1K-Plus NYC Affordable Housing Units

Affordable housing is a scarcity in New York City, but one partnership is preserving more than 1,000 units with its latest acquisition. The Community Preservation Corporation (CPC), The Community Development Trust (CDT), Monadnock Development, Red Stone Equity Partners and the Black Developers Network Triboro (BDN Triboro) have closed a $36.5 million deal to purchase and [...]