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Redefining the skyline with the New York State Housing Finance Agency

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Key Facts

  • Multiyear, multimillion-dollar development projects
  • Bonds funded affordable housing at the historic 19th century Domino Sugar plant in Brooklyn

The Situation

We have served and continue to serve as bond counsel to the New York State Housing Finance Agency in connection with multiyear, multimillion-dollar development projects across Brooklyn and Manhattan.

The Approach

From 2014 to 2017, we served as bond counsel for the development of 325 Kent Avenue Housing Revenue Bonds. This includes $41.2 million in 2015, $50 million in 2016 and an additional $44.4 million in 2017.

In addition, we are currently serving as bond counsel for the development of the Manhattan West Residential Housing Revenue Bonds. This includes $84 million in 2014 and $137.5 million in 2015, as well as an additional $33 million scheduled for 2018.

The Outcome

This development work has led to the creation of additional affordable housing options, including at the historic 19th century Domino Sugar plant just north of the Williamsburg Bridge in Brooklyn.