Volume 17 • Issue 31 | Dec. 24 - 30, 2004


Downtown housing bonds

The New York State Housing Finance Agency issued $6.2 million in bonds on Thurs. Dec. 23 to finance construction of Extra Place Apartments in the Cooper Sq. Urban Renewal Area on E. First St. and Bowery.

The building will provide 41 rental apartments for tenants whose average family income does not exceed 60 percent of the area median income.

The action is the third by the state H.F.C. in the past month for Lower Manhattan.

The agency this month financed 10 Barclay St., a 57-story building with 396 apartments and 20,000 sq. ft. of community space at the intersection of Barclay and Vesey Sts. with tax-free Liberty Bonds, a post-9/11 program.

The agency also financed the Avalon Chrystie project at E. Houston and Chrystie also in the Cooper Sq. Urban a few blocks from the Extra Place Project. Avalon Chrystie will have 361 apartments and 73,000 sq. ft. of retail space in a 14-story building.



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