Articles by Vanessa Londono



Riseboro Closes on $412.4 Million Financing for Alafia Phase II in East New York, Brooklyn

RiseBoro Community Partnership recently secured $412.4 million in financing for the second phase of Alafia, a mixed-use development with a focus on wellness services in East New York, Brooklyn. To be built in collaboration with L+M Development Partners LLC and Apex Building Group as co-developers, the second phase will bring 634 affordable and supportive units within two 14-story buildings as well as infrastructure improvements, parking, and 22,000 square feet of retail and community facilities.

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Housing Lottery Launches for ANCP Cluster in Alphabet City, Manhattan

The affordable housing lottery has launched for three gut-renovated buildings at 406 East 10th Street, 533 East 11th Street, and 195 Avenue C in the Alphabet City section of Manhattan’s East Village. Developed by Affordable Neighborhood Cooperative Program of the New York City Department of Housing Preservation and Development, occupancy is anticipated for summer-fall of 2025. Available on NYC Housing Connect are 21 units for residents at 110 percent of the area median income (AMI), ranging in eligible income from $83,016 to $211,860.

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