Winn Development Announces Financial Closing for Livingston School Redevelopment Project

January 17, 2014

January 17, 2014 – WinnDevelopment, the development arm of WinnCompanies, an award-winning national real estate development and property management company, in partnership with Albany Housing Authority, announced today that it has closed on the financing for the adaptive re-use of the Livingston School in Albany, N.Y. This project marks Winn’s 18th large scale historic renovation in recent years.

“The City of Albany IDA felt it was essential to move the redevelopment of this significant property forward, and we are pleased to have the experienced team at Winn Development spearheading the project,” said Capitalize Albany Corporation President Michael Yevoli “Through this project the Livingston School will transition from public to private ownership while creating much needed construction jobs and a high quality affordable residential community.”

The project was made possible by support from the city of Albany, the City of Albany Industrial Development Agency (IDA), and the Albany Community Development Agency (ACDA). Additional support of the project comes from the Division of Housing and Community Renewal (DHCR), Federal and State Low Income Housing Tax Credits, and Federal and State Historic Tax Credits. Local financing partners include Key Bank, Citizens Bank, Boston Financial and The Community Preservation Corporation.

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