NEW YORK: The five hundred and sixty-eighth entry for the seniors housing Global Awards for 2015 has been received.
A 103-unit Tenderloin affordable housing project that has struggled to find financing for more than a decade won the state’s largest affordable housing grant this week, which will help hasten development.
Tenderloin Neighborhood Development Corporation’s Eddy and Taylor project received $10 million from California’s cap-and-trade program. It’s the second major win for the project in the past month, after developer Forest City Enterprises agreed to pour $18 million into the project as part of a deal to get its large 5M mixed-use project approved.
