Fairstead Announces $20 Million Renovation of 710 Affordable Homes in Existing Bronx Portfolio, To Include New Suite of Resident Services to Support Community Well-Being
Fairstead, a real estate firm committed to the preservation of affordable housing, has acquired Festival Field Apartments, a 204-unit Section 8 family apartment property located in Newport, Rhode Island for $33.25 million.
The acquisition was financed through the issuance of low-income housing tax credits and tax-exempt bonds issued through RIHousing.
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