Catafago Fini LLP Successfully Defends Manhattan Cooperative Building in Appeal
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The Supreme Court of New York, First Judicial Department, upholds the dismissal of a purported class action against the board of directors of the Turin Housing Development Fund Company
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“The First Department’s decision here correctly recognizes that boards of directors of cooperative apartment buildings need the flexibility to exercise business judgment when making decisions regarding their operations. NEW YORK (PRWEB) January 28, 2021 On January 12, 2021, Catafago Fini LLP scored a major victory in the Appellate Division of the New York Supreme Court, First Judicial Department, which upheld the dismissal of a purported class action against the board of directors of a cooperative apartment building. The First Department upheld dismissal because the plaintiff’s claims were derivative in natu
Tue January 19, 2021 - Northeast Edition
Bronx Times
The two 11-story buildings, dubbed CHV 202nd and 203rd Street, will be located at 261 East 202nd Street and 270 East 203rd Street. (Aufgang rendering)
Construction financing closed Jan. 13 for a $164 million housing project that will create 323 units of affordable and supportive housing in Bedford Park in The Bronx, N.Y.
The two 11-story buildings, dubbed CHV 202nd and 203rd Street, will be located at 261 E. 202nd St. and 270 E. 203rd St. The project is being developed by CAMBA Housing Ventures, New York State Homes and Community Renewal and the New York City Department of Housing Preservation and Development.
The New York City Department of Housing Preservation and Development (HPD) has released a Request for Qualifications (RFQ) for development teams to transform a City-owned vacant Flatbush site, formerly Public School 90 (P.S. 90), into affordable housing and community development space.
Roughly 100 critically needed affordable homes will be part of the development, in addition to a community center with youth programming at the vacant 2286 Church Avenue site.
The 29,000 square foot development site formerly contained a historic 19th-century school building, which later became P.S. 90 and the private school Beth Rivka. The school was demolished in 2015 due to hazardous structural conditions.
“This Administration is deeply committed to putting the City’s dwindling supply of vacant land to use as affordable housing coupled with community resources,” said HPD Commissioner Louise Carroll.
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Belveron Partners closes $280M fund for affordable housing
San Francisco-based firm exceeded its initial target of $225 million National / Share via Shortlink
Belveron Partners founder Paul Odland with 2000 Valentine Avenue (left) and 1985 Webster Avenue in the Bronx (Photos via Google Maps; Twitter)
Belveron Partners closed a $280 million fund to invest in affordable housing across the country as the sector gains interest from larger investors.
The San Francisco-based firm exceeded its initial $225 million target for the fund. It is the sixth fund the company has closed since its inception. The fund will acquire and manage over 5,000 units of affordable and workforce housing in the next three years targeting urban and suburban areas in the Northeast, Mid-Atlantic and Southwest.