Recent Projects

2nd Street NE - Affordable Housing, Tax Credits

Affordable Housing
2nd Street - Milestone Apt

Project Information:

Current project: pre-renovation, developed by Building Partnerships as joint venture partner with E&G Group.

  • 13 two-story brick buildings containing 4 units each for a total of 52 units
  • Acquired by tenant coop in 2005 with DHCD acquisition funding
  • Project languished for seven years; coop unable to obtain financing to rehab building
  • Building Partnerships began work with coop in early 2012
  • Successful application for 9% Tax Credit in mid-2012
  • One of several buildings in the 2nd LIHTC pool
  • Architectural and construction planning in process
  • Full renovations planned
  • Affordable rents with option to repurchase
  • This project is in pre-construction stage of redevelopment.