Habitat-NYC taps private sector  

Habitat for Humanity’s New York City chapter is partnering for the first time with hedge funds and private equity firms to help finance its most expensive multifamily project ever, a $13 million condominium complex on Atlantic Avenue in Brooklyn. The nonprofit homebuilder teamed up with LaCrosse Global Fund Services, which has raised $100,000 to date for the three-building, 41-unit development. Additional funding will come from loans, sales revenue, state funds, a foundation grant and the Brooklyn borough president’s office.