City-Financed East River Apartments Will Remain Affordable for the Next 40 Years

An East Harlem building acquired with a $31.6 million loan consisting of tax-exempt-bonds issued by the City and credit enhanced by Freddie Mac will be kept affordable for the next 40 years, now that Preservation Development Partners has concluded its rehabilitation.
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City-Financed East River Apartments Will Remain Affordable for the Next 40 Years