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NYCHA inks another private developer repair deal for 42 Harlem buildings

Genesis Companies and Lemor Development will take over management of the Frederick E. Samuel Apartments and complete major renovations ....

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Lemor Development Group Receives Equity Investment from TruFund's Impact Developers Fund to Accelerate Growth

/PRNewswire/ TruFund Financial Services, Inc. ("TruFund"), a Community Development Financial Institution located in New York City today announced that it. ....

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Lemor Development Group Receives Equity Investment from TruFund's Impact Developers Fund to Accelerate Growth

/PRNewswire/ TruFund Financial Services, Inc. ("TruFund"), a Community Development Financial Institution located in New York City today announced that it. ....

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Fannie Mae Helps Finance $289 Million Rental Assistance Demonstration Transaction with New York City Housing Development Corporation

Fannie Mae Helps Finance $289 Million Rental Assistance Demonstration Transaction with New York City Housing Development Corporation
Financing Will Fund Repairs and Renovations for 16 Properties with 1,718 Apartment Units
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WASHINGTON, Dec. 10, 2020 /PRNewswire/ Fannie Mae (OTCQB: FNMA) announced today it financed a $289 million Rental Assistance Demonstration transaction with its Delegated Underwriting and Servicing (DUS
®) lender partner Wells Fargo and the New York City Housing Development Corporation. The 30-year financing, put together in cooperation with New York City Housing Authority, will enable the upgrade and renovation of 1,718 tenant-occupied public housing units in Manhattan, which will be converted to multifamily residential facilities receiving housing assistance payments, as part of Fannie Mae s ongoing effort to preserve and improve affordable rental housing for low-income families. ....

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