05/22/2026
Last month, LIIF was proud to close on a $3.76MM secured acquisition loan for the purchase of South Broadway, a three-parcel site in Yonkers, N.Y. that will eventually be the home of 181 units of and municipal parking.
This New York Green Bank-qualifying project will deliver affordable, sustainable housing for residents earning 30â80% of area median income (AMI) and is designed to be fully electric and in compliance with both Passive House and Enterprise Green Communities standards for healthy and energy-efficient homes.
In keeping with LIIFâs mission to strengthen opportunity, equity and well-being in undercapitalized communities, the project will promote economic equity for smaller development firms with less liquidity by fronting fees owed during predevelopment.
This critical redevelopment is led by a joint venture among Urban Builders Collaborative (UBC), Pine Street Capital Partners and the Center for Urban Rehabilitation and Empowerment (C.U.R.E.).
Last month, LIIF was proud to close on a $3.76MM secured acquisition loan for the purchase of South Broadway, a three-parcel site in Yonkers, N.Y. that will eventually be the home of 181 units of affordable housing and municipal parking in the coming years. This NY Green Bank-qualifying project will...