kurt.geller

In October of 2021 Park Lake Hempstead, L.P. closed on the financing for the renovation of 240 units of Section 8 housing in the Village of Hempstead in Nassau County, New York. The developers Metropolitan Realty Group (MRG) and Silver Street Development, teamed up for the preservation and transformation of the Park Lake Apartments. Scott

Silver Street Development Corporation (“Silver Street”) is proud to announce the successful completion of the substantial ($13,000,000) rehabilitation of its 200-unit Newport Harbour property in Newport News, VA.  Silver Street’s acquisition of Newport Harbour and its subsequent rehabilitation was financed via a 4% LIHTC transaction utilizing $18,000,000 tax-exempt bonds issued by the Newport News Redevelopment

Silver Street Development Corporation (“Silver Street”) is proud to announce the successful completion of a substantial ($7,200,000) renovation at its 101-unit Silver Park West property  located in Baltimore, MD. Originally constructed in 1978, the property was previously known as Orchard Mews Apartments. Following the acquisition, renovation, and renewed commitment to preserve the property as affordable

Silver Street Development Corporation has recently completed its $12 million rehabilitation of the Ledgewood Village Apartments, a 180-unit property located in Asheville, NC.  Originally constructed in 1978, Ledgewood consists of 27 buildings and 1 community building situated on 21 acres with significant mature tree cover and topography.  The results of the extensive and costly site work

Silver Street Development, in a joint venture partnership with LIHC Investment Group, has acquired Marble Hall Apartments in Tuckahoe, NY. The transaction closed on March 24, 2021 and a substantial $5,500,000 renovation to the property will begin promptly. A combination of tax-exempt bonds, LIHTC equity and HUD financing made up the capital stack for