On Thursday, September 12, CSH joined Acacia Network in a ribbon cutting ceremony celebrating the construction completion and grand opening of its beautiful Mosholu Gardens development in the Norwood section of Bronx, NY. The $15M development will provide 64 units of affordable housing with 39 apartments set aside for individuals with mental illness who will be supported by services funded through the NYC Department of Health and Mental Hygiene (DOHMH). In addition, all residents will have access to Acacia’s extensive network of healthcare, housing, educational and social services. Special preference will be given to Veterans who apply.
CSH is proud to partner with Acacia Network, providing them with $1,382,000 in critical early-stage financing to help the organization acquire the site and pay for predevelopment costs such as architectural, engineering and environmental fees. CSH provided this loan as an originator of the New York City Acquisition Fund.
Read the press release from the New York City Department of Housing Preservation and Development (HPD) here.
Read more about Acacia Network here.
Read more about CSH’s partnership with the New York City Acquisition Fund here.
Read more about CSH’s loan products here.