FAC’s Warren Street redevelopment project entails the refinancing and renovation of two existing affordable, supportive housing buildings in the FAC portfolio with a total of 83 apartments. The project will lead to the preservation of existing affordable housing for low-income, formerly homeless adults with serious and persistent mental illness and other special needs. The undertaking will entail the merging of two ownership entities into one. The Warren Street redevelopment project was recently given a capital funding award by the City of New York.
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