HDC And HPD Leverage Critical Federal Funding to Start New Construction of Four New Affordable Housing Developments in The Bronx and Manhattan

Tax-exempt bonds and Low-Income Housing Tax Credits will make possible 692 affordable homes The City has leveraged $3.64 billion in LIHTC and $4.73 billion in tax-exempt bonds towards 62,513 units since the start of Housing New York Permanent affordability will be locked in for 135 new affordable homes across the Bronx and Manhattan New York,…