trending Market Intelligence /marketintelligence/en/news-insights/trending/rh5-WdaWSLeCQuyjznA-7A2 content esgSubNav
In This List

Hudson Valley Property Group buys affordable community in Yonkers, NY

Blog

Using ESG Analysis to Support a Sustainable Future

Video

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Q&A: Streamlining Analytics for TCFD Reporting

Blog

Evergrande and the wider impact: a sentiment analytics based perspective


Hudson Valley Property Group buys affordable community in Yonkers, NY

Hudson Valley Property Group LLC purchased the 311-unit Parkledge affordable housing community in Yonkers, N.Y., for $48.3 million, Multihousing Pro reported.

Hudson Valley Preservation Fund provided equity for the sale of the property, which was arranged by CBRE Affordable Housing.

Parkledge has maintained occupancy levels of over 97% since 2016. Affordable units comprise 90% of the total by a Low-Income Housing Tax Credit Land Use Restrictive Agreement. The buyer plans to preserve the property as quality affordable housing and continue to invest in the building, the publication added.