It may seem that at The Surreal Estate, we consistently rail against bad landlords and bad banks. It can seem that there is someone lying-in-wait to take advantage of low-income tenants just around every corner. But it is important to remember that there are respectable landlords who work with responsible lenders to preserve lasting affordable housing in this city. Check out this article in Crain’s New York which celebrates these important actors:
Nonprofit group helps owners of two property portfolios put together financing of more than $33 million to finance much-needed building rehabs.
More than 1,400 housing units in the Bronx will remain affordable, thanks in part to Enterprise Community Partners, a Maryland-based affordable housing nonprofit that recently helped to close the preservation deals. Continued at Crain’s New York Business.