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Greystone Provides $6M for Harlem Supportive Living Buildings
Greystone has provided a $6 million Freddie Mac Optigo Targeted Affordable Housing (TAH) loan to finance two permanent supportive living properties in Harlem. Originated by Avi Lifshitz for David Levitan of Liberty One Group, the loan supports 34 units across two five-story buildings on West 133rd Street.
Operated by Urban Resource Institute with NYC’s Department of Homeless Services, the properties offer studio, one-, and two-bedroom units with private bathrooms and kitchens.
“As a core element of our mission and Equitable Housing Finance Plan, Freddie Mac works to help advance equity, affordability and sustainability for families in traditionally underserved communities,” said Peter Lillestolen, vice president, of Multifamily Production & Sales, Targeted Affordable Housing. “Permanent Supportive Housing is a critical solution for a vulnerable population, and we are proud to be part of creative, intentional partnerships like this one, where we can come together to bring supportive living communities to life.” (Photo: Avi Lifshitz)
- ◦Financing
