News

East Flatbush Resi Conversion Project Lands $256M 

Monadnock Development, CB Emmanuel Realty, and Equity Developers secured $256 million in financing to create Utica Crescent, a project converting a parking lot into affordable housing and community spaces in East Flatbush, Brooklyn.   New York State Housing Finance Agency provided $122 million in tax-exempt bonds, backed by JPMorgan Chase during construction, and $106 million

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Enterprise Housing Credit Investments Announces $15.2 Million Low-Income Housing Tax Credit Deal to Transform Wing of Historic Former Catholic School into Affordable and Supportive Senior Housing

  The project will create 67 affordable senior (55+) apartments, with 21 reserved for homeless seniors   BUFFALO, N.Y. (May 24, 2021) – Enterprise Housing Credit Investments (EHCI) joined CB-Emmanuel Realty LLC (CBE) and Delta Development (Delta) today to announce a $15.2 million Low-Income Housing Tax Credit (Housing Credit) deal to transform a wing of the historic former Catholic school Villa

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CB-Emmanuel Realty and Development Partners Announce Construction Closing of Calvary Baptist Church Senior Housing

CB-Emmanuel Realty, LLC along with development partners Calvary Baptist Church of Jamaica (Calvary) announce the construction closing of Calvary Baptist Church Senior Housing, a 100 percent affordable residential development in Queens that will preserve 100 units of senior housing within the Jamaica neighborhood. The development team of CB-Emmanuel (CBE), Calvary Baptist Church, and Richman Housing Resources LLC (the Low

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CB-Emmanuel and its partners begin construction of 70-unit development

Brooklyn, NY CB-Emmanuel Realty, LLC joined development partners Services for the UnderServed (S:US) and Richman Housing Resources LLC to celebrate the construction closing of Alabama Ave. Apartments, a 100% affordable residential development that will bring 70 units of housing to the East New York neighborhood. In partnership with The New York City Department of Housing Preservation

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City Teams Up with M/WBE Developers to Create 400 New Affordable Homes

NEW YORK, NY – The New York City Department of Housing Preservation and Development (HPD) and the New York City Housing Development Corporation (HDC) announced the financing of three new affordable housing developments that will spur the construction of 400 deeply affordable homes in Brooklyn and the Bronx and create thousands of jobs. All three deals

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Governor Cuomo Announces Start of Construction On New Affordable Housing Development On Buffalo’s East Side

59-Apartment Mount Aaron Village Development Includes On-Site Supportive Housing Services  Governor Andrew M. Cuomo today announced the start of construction on Mount Aaron Village, a new affordable housing development on Genesee Street in Buffalo. The complex will have 59 units, including 18 apartments that will be dedicated specifically for people who need supportive services to

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Governor Cuomo Unveils Plans for New Affordable Housing Development in East Flatbush As Part of $1.4 Billion Vital Brooklyn Initiative

Governor Andrew M. Cuomo today announced the latest winning proposal under the Vital Brooklyn initiative, Utica Crescent, which will construct 322 affordable and supportive apartments in Central Brooklyn. The $1.4 billion Vital Brooklyn initiative targets and invests in eight integrated areas, from health care to housing, establishing a new standard for addressing chronic economic and

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Governor Cuomo Announces Start of Construction on Project to Transform Former School Into a Mixed-Income Affordable Housing and Commercial Complex

Governor Cuomo Announces Start of Construction on Project to Transform Former School Into a Mixed-Income Affordable Housing and Commercial Complex Governor Andrew M. Cuomo today announced construction is underway on the $24.4 million Niagara City Lofts project that will transform the former South Junior High School into a 61-unit mixed-income, mixed-use affordable housing development. Financing

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NYC HPD, CB-Emmanuel Realty, LLC, Community Services Housing Development Corp., and Enterprise Community Partners, Inc. Preserve Affordability for 33 Buildings in Brooklyn.

$9.5 million in financing will improve energy efficiency, maintain affordability for 30 years New York, NY – February 9, 2016 – The NYC Department of Housing Preservation and Development (HPD), CB-Emmanuel Realty, LLC (CB-Emmanuel), Community Services Housing Development Corporation (CSHDC), and Enterprise Community Partners, Inc. (Enterprise) closed $9.5 million in construction and permanent financing for

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