Bronx, Brooklyn developers tap state coffers for affordable housing

A pair of affordable housing projects is getting financing assistance from the state to move forward. Gov. Kathy Hochul issued $350 million in housing bonds and subsidies for affordable housing projects across the Empire State, the Commercial Observer reported. Nearly half of that financing is going towards two developments in New York City’s outer boroughs. In New Lots, Brooklyn, Housing Plus Solutions and Spatial Equity scored $79 million from the state for a project at 729 Van Sinderen Avenue. The 11-story, 193-unit development will include 116 units set aside for supportive housing. The one-story warehouse at the site traded hands […] This article originally appeared on The Real Deal. Click here to read the full story.