Shore Hill Housing

Affordable Housing in Bay Ridge, Brooklyn

The acquisition was financed by a $102 million Freddie Mac loan arranged through Prudential. The Rose Affordable Housing Preservation Fund IV, L.P. (Fund), along with joint venture non-profit partner, NHPF, and co-investor Nuveen, a TIAA Company, will invest $52 million of equity in the property.

Total Cost

$154,000,000

Description
Shore Hill Housing, is a two-building, 558-unit HUD project-based Section 8 Housing complex.

Financing
Secured financing and funding for this project included:

$52,000,000	Joint-venture Investment Fund

Shore Hill Apartments 9000 Shore Road, Brooklyn, NY 11209

Rental Information, Amenities, and Floorplans

NHPF’s diverse income and rent structure provides housing for a range of households from low to moderate income. Notwithstanding income levels, the same level of amenities and access to our services is offered to all residents.

This property is just one example of how NHPF’s commitment to affordable housing has helped American families.

ABOUT THE NHP FOUNDATION
The NHP Foundation strives to provide quality affordable multi-family housing and resident services for low to moderate income families. Since 1994, NHPF has acquired and preserved 95 properties, totaling 16,495 units, located in 19 states and the District of Columbia. Today, NHPF’s portfolio includes 56 properties, totaling 10,000 apartment units, in 15 states and the District of Columbia. NHPF also provides service programs to approximately 28,000 community residents.

SCROLL TO TOP

Shore Hill Housing

Affordable Housing in Bay Ridge, Brooklyn

ABOUT US

WHO WE ARE

creating communities

aSSET MANAGEMENT

enriching lives

EXTERNAL AFFAIRS