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Bronx Affordable Housing Development Lands $190 Million Construction Loan

Douglaston To Lead Second Phase of Project Near New York Botanical Garden

A mixed-use affordable housing development at 2868 Webster Ave., depicted in a rendering, has closed $190 million in construction financing. (Stephen B. Jacobs Group)
A mixed-use affordable housing development at 2868 Webster Ave., depicted in a rendering, has closed $190 million in construction financing. (Stephen B. Jacobs Group)

An affordable housing development steps from the New York Botanical Garden in the Bronx has obtained a $190 million construction loan. The deal is expected to move the 277-unit project forward.

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