News

  • ​$14.5M donation secures affordable housing at Cambridge’s Close Building July 27, 2017

    A former Cambridge chocolate factory turned affordable housing in 1977 has been donated to the current manager of the building, the not-for-profit Just-A-Start Corporation, securing its affordability for years to come.

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  • $127M Rehab Planned For Bronx Mitchell-Lama Buildings July 19, 2017

    The total development cost is estimated at $127 million and the renovations at the complex will exceed $36 million.

    NEW YORK CITY—A partnership of LIHC Investment Group, Belveron Partners and Camber Property Group have closed on the financing for a $127-million project to preserve and rehabilitate 948 units of affordable housing at the Stevenson Commons in the Bronx.

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  • LIHC, Belveron, Camber JV close $127M housing preservation deal in the Bronx July 18, 2017

    LIHC Investment Group, Belveron Partners, and Camber Property Group have announced plans to rehabilitate and preserve 948 units of affordable housing at Stevenson Commons in the Bronx.

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  • HPD, HDC, LIHC Investment Group, Belveron Partners, and Camber Property Group Close on $127 Million Preservation of Stevenson Commons in the Bronx July 17, 2017

    For Immediate Release

    New York, NY – LIHC Investment Group, Belveron Partners, and Camber Property Group today announced plans to rehabilitate and preserve 948 units of affordable housing at Stevenson Commons in the Bronx through an agreement with the New York City Housing Development Corporation (HDC) and the New York City Department of Housing Preservation and Development (HPD). Spanning nine Mitchell-Lama buildings in the Soundview neighborhood, the partners will execute capital improvements in excess of $36 million, including a full elevator modernization; the overhaul of mechanical systems; energy efficiency retrofits and a complete redesign and restoration of the property’s central courtyard.

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  • LIHC Investment Group Donates its Stake in Close Building to Community Development Corporation Serving Cambridge July 7, 2017

    For Immediate Release

    Close Building Marks the Second Donation of Affordable Housing in Greater Boston

    Boston, MA— LP Solutions LLC (“LPS”), an affiliate of LIHC Investment Group, one of the nation’s largest owners of affordable housing, today announced that it will donate its ownership stake in the Close Building to Just-A-Start Corporation, a community development corporation focused on the preservation and expansion of affordable housing opportunities in Cambridge and nearby communities.

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  • Low Income Housing Corporation (LIHC) Announces Corporate Name Change To LIHC Investment Group April 12, 2017

    For Immediate Release

    Name Change Reflects a Greater Investment in Affordable Communities and Recent Growth in
    Preservation Transactions

    Portland, Maine— Low Income Housing Corporation, one of the nation’s largest owners of affordable housing, today announced a corporate name change to LIHC Investment Group to reflect a deepening investment in the income-restricted properties in the company’s portfolio and an ongoing commitment responsible property management.

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MEDIA CONTACT

Kelly Magee
646-618-6033
kelly@risaheller.com

LIHC Investment Group