Congratulations to NYCHA Real Estate Development and the residents?at Eastchester Gardens on closing the financing for their upcoming PACT project!??? Public Works Partners is proud to oversee?the PACT Resource Team, which?has provided resident leadership at Eastchester Gardens and at PACT projects across the city with expert support as they identify the developer teams they want to work with and?navigate?the design process.?We are so excited?to see this investment in NYC's public housing communities?and look forward?to seeing the impact at Eastchester and across New York. https://lnkd.in/eiZNkGnh
We are excited to announce that we closed on the financing for the Eastchester Gardens PACT project. With this closing, New York City Housing Authority (NYCHA)'s PACT program has now invested over $7.3 BILLION in our communities - this is a huge milestone for our residents and the city! The $391 million in financing at Eastchester will provide over 1,850 residents with comprehensive renovations. The PACT partner team, comprised of co-developers MDG Design & Construction, Infinite Horizons, LLC (a MBE firm), and Wavecrest Management Team will soon start repairs for 877 apartments across 10 buildings. Residents will also have new on-site property management provided by Wavecrest and enhanced social services provided by BronxWorks. Selected in coordination with resident leadership, the PACT partner team has worked closely with Eastchester Gardens residents and NYCHA to design every aspect of the development's renovation since 2023. You can read the Eastchester Community Plan and more info in the release linked below.