HDC 2024 Closings | 2868 Webster Avenue

From Our President

Resident Voices

2868 Webster Avenue

New Construction

Bedford Park

2868 Webster Avenue

276

homes

Program

ELLA

HDC’s New Construction term sheet facilitates the development of affordable housing, primarily for households earning up to 80% of New York City’s AMI. Within New Construction, the ELLA (Extremely Low & Low-Income Affordabilty) program ensures that 70-100% of the units financed are deeply affordable, made possible through the LIHTC program. Financing employs tax-exempt bonds, 4% tax credits, and Corporate reserves, with all projects subject to rent-restricting regulatory agreements.

2868 Webster Avenue

2868 Webster Avenue

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