DEVELOPMENT & RECAPITALIZATION
Over the past five years, Sav helped clients recapitalize and renovate 2,287 units through a variety of affordable housing programs. The renovation work totaled over $384 million.
Sav is currently providing pre-development funding to assist a local Harlem-based not-for-profit to refinance and renovate 76 senior citizen apartments.
In addition, Sav is a member of the development team for the construction of 112 units of affordable and supportive housing in the Bronx, NY. Sav’s development clients will begin the construction of 110 units and 230 units of affordable housing in early 2018. Both LIHTC development opportunities are also in the Bronx.