Governor Cuomo Announces $160 Million Refinancing And Rehabilitation Of Michelangelo Apartments Complete

Posted to Applied Web NY on Wed, 05/29/2019 - 17:59

Governor Andrew M. Cuomo today announced the completion of the rehabilitation of Michelangelo Apartments, a 494-apartment Mitchell-Lama affordable housing development in the Melrose section of the Bronx built in 1975. The 44-year-old development underwent a $160 million refinancing and rehabilitation, preserving the affordability of the apartments for an additional 40 years. 

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