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:

$52,000,000Joint-venture Investment Fund