Goldman, BRP partner with city in $45M Bed-Stuy mixed-use project

1560 Fulton Street (photo: PropertyShark)

Investment firm Goldman Sachs Group, BRP Development and the city are
developing a $45 million affordable housing and retail space at 1560
Fulton Street in Bedford-Stuyvesant, Brooklyn. The new mixed-use,
mixed-income project, called “the Bradford,” will include 105
apartments for low- and middle-income families. The housing will be
built under Mayor Michael Bloomberg’s New Housing Marketplace Plan, an
$8.4 billion initiative to finance 165,000 units of affordable housing
by 2014. To date, the plan has financed the creation or preservation of
nearly 108,600 units of affordable housing across the five boroughs.
The Bradford is the city’s first affordable housing project to be
financed with New Markets Tax Credits. Goldman Sachs was also a partner
in 2280 FDB, the RGS-developed condo in Harlem. TRD

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