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Deal Profile: Snowden House Apartments
124 “at-risk” affordable units as all affordability programs in
place were set to expire
Acquired and completed a $44,000/unit renovation using Tax
Exempt Bonds and 4% LIHTCs
Renewed a project-based Section 8 contract at closing
Unit mix ranges from studio apartments to 4-bedroom
duplexes, providing much-needed family-size units in a high
opportunity, transit-oriented location 50 minutes from Midtown
Manhattan
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