Greystone, a leading real estate finance company, has recently closed a $6 million loan through Freddie Mac’s Optigo Targeted Affordable Housing (TAH) program. The loan was secured by Avi Lifshitz on behalf of David Levitan from Liberty One Group and will be used to finance two permanent supportive living properties in Harlem.
The two five-story buildings located on West 133rd Street offer a total of 34 units operated by Urban Resource Institute in partnership with NYC’s Department of Homeless Services. These units include studio, one-, and two-bedroom options with private bathrooms and kitchens.
According to Peter Lillestolen, vice president of Multifamily Production & Sales at Freddie Mac, the organization is committed to promoting equity, affordability and sustainability for families in underserved communities as part of their Equitable Housing Finance Plan. He also emphasized the importance of Permanent Supportive Housing as a critical solution for vulnerable populations.
This successful financing deal is just one example where creative partnerships have come together to provide much-needed support for those in need. (Photo: Avi Lifshitz)
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