NEW YORK–New York City inked a $75 million deal that will keep 14 Harlem buildings affordable for moderate income families for the next 30 years.
The deal has been made between the city Department of Housing Preservation and Development, NYC Housing Development Corp., Goldman Sachs, L+M Development Partners Inc. and Harlem Congregations for Community Improvement Inc., a collection of Harlem churches.
The NY Daily News Reports:
Current incomes range from $34,740 for a one-person household, $39,660 for two, $44,640 for three and $49,560 for a four-person household.
Some $13 million in work will be done on the buildings, including upgrading the apartment interiors, kitchens and bathrooms, facade work, waterproofing, roofing, elevator upgrades and improvements in the common areas.