real estate/redevelopment archive
May 20, 2008
Woodcroft Village to see redevelopment as affordable housing complex
From Style Weekly’s Tiki Barber’s Fulton Project Gets Green Light:
Former
New York GiantsUniversity of Virginia running back Tiki Barber will redevelop Woodcroft Village, a 250-unit apartment complex at the corner of Jennie Scher and Government roads in the East End neighborhood. Earlier this month, the state awarded $2.2 million in low-income housing tax credits to Barber. In return, Barber’s firm, Tiki Ventures LLC, and its partner, New York City-based Related Affordable, pledge to keep the rent in the government-prescribed “affordable” bracket for the next 50 years, says Joanna Rose, a Related spokeswoman. They plan to close on the developments either late this year or early next year, she says.
Posted by john_m at 4:47pm | comments(9) »









