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Harlem River Houses to Receive $236M in Renovations
The New York City Housing Authority and New York City Housing Development Corporation closed on the financing of the latest Permanent Affordability Commitment Together (PACT) transaction to fund comprehensive renovations for 690 apartments at Harlem River Houses and the adjoining Harlem River II campus in Northern Manhattan. The rehabilitation is scheduled to begin this spring, with completion expected between 2024 and 2025.
The Harlem River properties will receive $236 million in comprehensive renovations to their 690 apartments and eight residential buildings. The PACT partners at Harlem River are led by nonprofit developer Settlement Housing Fund, Inc. and West Harlem Group Assistance.
L+M Builders Group will perform the rehabilitation work as the general contractor. C+C Apartment Management LLC is now responsible for the day-to-day management and operations.
Harlem River Houses were built between 1936 and 1937 and represent the first federally funded, built, and owned housing development in New York City.
- ◦Development
- ◦Financing

