LISC NY and MURAL Real Estate Partners have successfully secured a $24.7 million loan from NYCAF to revitalize the neighborhood of Jamaica, Queens. This funding will support the development of two sites on Hillside Avenue, creating 230 affordable homes and 20,000 square feet of retail space.
MURAL Real Estate Partners is dedicated to empowering communities through transformative developments. The collaboration with LISC NY has been instrumental in advancing Jamaica’s ongoing growth and has received endorsements from Queens Borough President Donovan Richards Jr., Council Members James F. Gennaro and Nantasha Williams.
Valerie White, senior executive director at LISC NY stated that this investment into an energetic and culturally diverse area like Jamaica is yet another opportunity to enhance the lives of underserved New Yorkers while revitalizing an underrepresented community.
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