We are developing a new housing model that includes 174 units of low-income housing (affordable and supportive) and ground floor light manufacturing. The model will only work if both the residential and manufacturing components receive tax credit allocations under LIHTC and NMTC. This will provide housing and economic development opportunities in a very poor neighborhood in NYC.

Carole Gordon, Senior VP for Housing Development, The Bridge, New York, New York, on the project.