{"id":805321,"date":"2022-07-05T19:01:41","date_gmt":"2022-07-05T17:01:41","guid":{"rendered":"https:\/\/bebeez.it\/non-categorizzato\/riseboro-and-blackstone-announce-agreement-to-preserve-affordable-housing\/"},"modified":"2022-07-05T19:01:41","modified_gmt":"2022-07-05T17:01:41","slug":"riseboro-and-blackstone-announce-agreement-to-preserve-affordable-housing","status":"publish","type":"post","link":"https:\/\/bebeez.it\/en\/real-estate-in-asia-pacific\/riseboro-and-blackstone-announce-agreement-to-preserve-affordable-housing\/","title":{"rendered":"RiseBoro and Blackstone Announce Agreement to Preserve Affordable Housing"},"content":{"rendered":"Blackstone to Donate $1.2 million to RiseBoro to Fund Resident Support Services\n\nBROOKLYN, N.Y.--(BUSINESS WIRE)--RiseBoro Community Partnership (\u201cRiseBoro\u201d), a leading nonprofit dedicated to community revitalization, and Blackstone (NYSE: BX), through its affordable housing portfolio company April Housing, today announced an agreement to restructure their partnership to preserve affordability at three multifamily properties totaling 190 units in Brooklyn, New York. This agreement resolves litigation between RiseBoro and the former limited partner, which Blackstone inherited in connection with a portfolio acquisition. Under the terms of the restructured agreement, RiseBoro will acquire a majority interest in the properties.\n\n\nIn order t<div class=\"leaky_paywall_message_wrap\"><div id=\"leaky_paywall_message\"><a href=\"https:\/\/bebeez.it\/abbonati\/\">Abbonati<\/a> o <a href=\"https:\/\/bebeez.it\/mio-account\/\">Accedi<\/a> per leggere il resto di questo contenuto.<\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>Blackstone to Donate $1.2 million to RiseBoro to Fund Resident Support Services BROOKLYN, N.Y.&#8211;(BUSINESS WIRE)&#8211;RiseBoro Community Partnership (\u201cRiseBoro\u201d), a leading nonprofit dedicated to community revitalization, and Blackstone (NYSE: BX), through its affordable housing portfolio company April Housing, today announced an agreement to restructure their partnership to preserve affordability at three multifamily properties totaling 190 units [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[49630],"tags":[],"settori":[],"slider_categorie_and_home_page":[],"class_list":["post-805321","post","type-post","status-publish","format-standard","hentry","category-real-estate-in-asia-pacific"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - 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