G & M Properties Phase 2

Bronx, NY

This project entails the substantial rehabilitation of 181 units in 5 buildings throughout the Bronx. The project is being completed in partnership with the original owner Anthony Gazivoda. The project was financed with 9% Low Income Housing Tax Credits issued by HPD as well as HPD financing through the PLP program, a construction and a permanent loan from JP Morgan Chase.  Enterprise Community Investments is the tax credit syndicator. The Total Development Cost was $42M.