More than 1,400 housing units in the Bronx will remain affordable, thanks in part to Enterprise Community Partners, a Maryland-based affordable housing nonprofit that recently helped to close the preservation deals.
One deal involves eight buildings with 526 units located in the West Farms section of the Bronx. The buildings are Section 8 affordable housing complexes which were built in 1973. In that case, property owner West Farms Square HDFC, an affiliate of the Catholic Archdiocese, partnered with Fordham Bedford Housing Corp. and University Neighborhood Housing Program to obtain more than $20.7 million in a tax credits to help rehab the buildings, said Enterprise, which is a partner in the deal. J.P. Morgan Chase & Co. was also involved in the deal.
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