Settlement Housing Fund: CPC, HPD and SHF Close $137M Financing for Bronx Affordable Housing Portfolio

A partnership between Community Preservation Corporation (CPC), New York City's Department of Housing and Preservation (HPD) and Settlement Housing Fund (SHF) have closed the acquisition and construction financing for a 228-unit affordable housing portfolio in the Bronx, Commercial Observer can first report. The total development cost is approximately $144 million. CPC contributed roughly $7.5 million [...]