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News / 04.03.20 /Jeffrey D. Buss

Smith Buss & Jacobs Closes Historic Financing in the midst of the Pandemic

Co-Op City, New York’s largest affordable housing complex, will stay affordable for another 30 years pursuant to a March 31st, 2020 loan agreement between Co-op City and the City of New York. The Agreement provides One Million Dollars ($1,000,000), at zero percent interest, with the principal forgiven, conditioned upon the Cooperative’s agreement to remain in …