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East Harlem Affordable Project Gets $223 Million in Second-Phase Construction Financing

Low-Income Housing Has Emerged as Key Real Estate Issue Facing New York’s Next Mayor
A rendering depicts the Sendero Verde affordable housing project in New York. (Volley Studio/Handel Architects)
A rendering depicts the Sendero Verde affordable housing project in New York. (Volley Studio/Handel Architects)
CoStar News
June 29, 2021 | 6:54 P.M.

As affordable housing has surfaced as a key issue facing New York’s next mayor, a 709-unit affordable mixed-use housing development in Manhattan’s East Harlem neighborhood has secured $223 million in financing for its final stage of construction.

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