Affordable housing project completes in New Rochelle [Yahoo! Finance]
The Bank of New York Mellon Corporation (BK)
Last the bank of new york mellon corporation earnings: 4/16 06:30 am
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Source: Yahoo! Finance
This initiative is part of Hochul's overarching $25bn Housing Plan to create or preserve 100,000 affordable homes across NY. Known as The Renaissance at Lincoln Park, the development is a collaborative effort between The NRP Group, Guion Renaissance Housing Development Finance Corporation, and Kensworth Consulting. The $96m project provides 179 mixed-income apartments, ranging from studio to one- and two-bedroom homes. All apartments at the site are considered affordable for households with incomes up to 80% of the area median income. The community also includes a lounge, rooftop deck, and fitness centre within an 11-storey building. The project encompasses a 23,400ft² facility for the Boys and Girls Club of New Rochelle, partly funded via a $2m grant from HCR's Community Investment Fund programme. The club offers a gym, basketball court, recording studio, demonstration kitchen, and various spaces for educational and recreational activities, serving more than 3,500 childr
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BK
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- 4/16/24 - Beat
BK
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