Goldman Sachs & NY-based Developer Triangle Equities Receive Top NMTC Award

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Multi-Housing News profiled the Triangle Plaza Hub and its selection as the recipient of the Novogradac Journal of Tax Credits Community Development Award of the Year in Real Estate. The award was presented to New-York based developer Triangle Equities together with Goldman Sachs Bank USA, LIIF and United Fund Advisors – each of which provided NMTC allocation to support the project.

LIIF also provided a leverage loan and grant through the New York Healthy Food Healthy Communities (HFHC) Fund to support a local independent minority-owned supermarket. The project will transform an underutilized City-owned lot in the South Bronx into a new commercial and community development that will feature a local supermarket, a new campus for Metropolitan College of New York, and 8,000-square-feet of public plaza.

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Source: Multi-Housing News Online