Hudson River Housing (HRH) recently closed on a $1,458,000 land acquisition loan to purchase the development site for Windows on Main in Poughkeepsie, NY. The 92-unit, $46 million affordable rental property will be financed using 4% LIHTC, tax-exempt bonds, and County and State subsidy loans. The development will continue HRH’s investment in revitalizing downtown Poughkeepsie, building on prior projects such as the Trolley Barn and The Underwear Factory.
Learn more about NeighborWorks Capital’s competitively priced, fixed-rate loan capital that is available to members of the NeighborWorks network. Visit our lending solutions page for more information.