$3,279,130 acquisition loan – 115 rental/supportive housing units
“3500 Park Avenue is our biggest project yet. It will be a state-of-the-art, energy-efficient building, and it will provide 46 affordable units to low-income families and seniors, along with 69 furnished studio apartments to homeless veterans, homeless seniors with disabilities, and chronically homeless adults with mental illness. This lot on a prominent South Bronx corner went on sale and we had to act quickly. Leviticus can close a loan much faster than other lenders, and they understand supportive housing. They made it possible for us to buy the project site. And because we had site control, we could successfully apply for state funding for rent subsidies and services. ”
“We’re excited to be able to house so many people who have been left out of the system. We’ll be helping them find their sense of dignity.”
Carole Gordon – The Bridge, Inc.