Month: August 2020

LIHC, Rockport Mortgage Provide $65M for Manhattan Affordable Housing

NEW YORK, NY—LIHC Investment Group and Rockport Mortgage Corporation have closed a $65 million FHA Section 223(f) refinancing loan for Renwick Garden Apartments, a 224-unit subsidized Section 8 property in the Kips Bay neighborhood in Manhattan. The development comprises a single 15-story building located at 332 East 29th Street and is owned by LIHC, a real…

Rockport Mortgage and LIHC Investment Group Announce $65M in Financing for Manhattan Affordable Housing; Extending Affordability through 2049

The FHA Section 223(f) refinancing loan will maintain the affordability of Renwick Garden Apartments in Kips Bay NEW YORK, NY—Rockport Mortgage Corporation and LIHC Investment Group today announced the closing of a $65 million FHA Section 223(f) refinancing loan for Renwick Garden Apartments, a 224-unit subsidized Section 8 property supporting many elderly and disabled tenants…