Tahl Propp Equities (TPE) has entered into a 30-year Regulatory Agreement with HPD for AK Houses, a 157-unit Section 8 building at 112-126 East 128th Street in East Harlem. Under the HPD Agreement, 100 percent of the units will be rented to low-income residents for the next 30 years. In addition, TPE has closed on mortgage financing for the property with Freddie Mac and has substantially completed a $1.8 million preservation and capital improvements program at AK Houses. Renovations to the 12-story, 100 percent low-income property included individual apartment repairs, brick re-pointing, façade ...
