NYCHA closes on financing for $92.5 million East Village apartment renovations

NYCHA closes on financing for $92.5 million East Village apartment renovations

The New York City Housing Authority (NYCHA) closed on financing last week for a $92.5 million renovation project for two apartment buildings in Manhattan’s East Village, taking the city one step closer to a comprehensive renovation of the housing complex.  The Feb. 5 closing, which allows construction to start, comes after years of negotiations between residents and the city over the renovations. The development will deliver reliable heating and…