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ALBANY, NY — With the redevelopment of 800-806 Broadway completed, property on the cusp of Albany’s warehouse district and Arbor Hill neighborhood has 15 new one and two-bedroom apartments. A $2 million investment made by developer Patrick Chiou of 800 Broadway, LLC transformed four dilapidated buildings, abandoned for nearly a decade near the district’s southern edge and considered dangerous to enter. The property was acquired through an Albany County auction. An event was h

The Community Preservation Corporation (CPC), a leading nonprofit affordable housing and community revitalization finance company, recently announced the closing of two permanent loans under the Freddie Mac Small Balance Loan (SBL) Program. The loans, totaling $2.34 million were used for the acquisition of two small multifamily buildings in Philadelphia, Pennsylvania. CPC delivered a $1.37 million permanent loan with Haverford Square Properties LLC for the 3-story, 18-uni

SYRACUSE, NY — The Community Preservation Corporation (CPC), Empire Building LLC, Syracuse Mayor Ben Walsh, Office of New York State Comptroller Thomas DiNapoli, CenterState Corporation for Economic Opportunity, and partners held a ribbon cutting this morning to celebrate the transformation of the 107-year old historic Empire Building into a mixed-use residential development. Located at 472 South Salina St., in the heart of the Syracuse Central Business District, the new The

Schenectady, NY — The Community Preservation Corporation (CPC) and Jay Street 118 LLC, a development team comprised of principals Theodore Haber and Noah Smith announced the completion of renovation work at the five-story Seneca Block building at 118 Jay St. in Schenectady, NY. Located across from City Hall, the Seneca Block building now features 16 rental apartments along with 2,400 s/f of commercial space on the ground floor. Through the adaptive reuse of this former hotel