- • Bronx Affordable Housing Development (New York, USA)
- − 25,489 S.F. development near Bronx-Lebanon Hospital with 25 residential units and 6 parking spaces
- − Project completed and fully leased in mid-2021
- − Co-developers are TriVeda sponsor and Apex Building Group as certified MBEs (Minority-Owned Business Enterprises)
- • Overview of Project Financing and Performance:
- − Project funded with 9% Low Income Housing Tax Credits (LIHTCs), conventional mortgage financing and NYC’s Department of Housing Preservation and Development (HPD) subsidized financing; property tax abatement from NYC under 420-c program
- − Project delivered 4.5x equity multiple over five years (2016 to 2021)
