Redstone Bank, Goldman Sachs, New York State Provide $217M for Alafia Project

AI Summary

Redstone Bank, Goldman Sachs, and the State of New York have provided $217 million in construction financing for the third phase of the Alafia Project, an affordable housing development in one of Brooklyn’s poorest neighborhoods. The development is led by Apex Building Group and L+M Development Partners.

A new affordable housing complex in one of Brooklyn’s poorest neighborhoods just took another step closer to completion thanks to a combination of private dollars and public financial support.  Apex Building Group and L+M Development Partners have secured $217 million in construction financing for the third phase of the Alafia Project, a two-building residential development […]