Preserving Affordability at Phipps Houses in the Bronx
On Thursday, LIIF was proud to announce the closing of an $18.5 million construction loan with Phipps Houses to support the rehabilitation of two buildings in the Honeywell Development in the Bronx. Originally developed with Low Income Housing Tax Credit (LIHTC) financing in the 2000s, these properties have now exited their compliance period and require…