NYC-HDC - July 5th 2012

NYCHDC Approves $330 Million For 11 Affordable Housing Transactions.

" New York City Housing Development Corporation (HDC) President Marc Jahr announced today the issuance of nearly $250 million in housing bonds — including an allocation of $102 million from the State of New York — and the commitment of up to $50 million in HDC corporate funds to provide financing for three new developments with 482 rent-restricted units and the preservation and renovation of eight affordable developments with 2,174 units in The Bronx, Brooklyn and Manhattan... Morris Court; Developer: Azimuth Development Group..."

NYC-HDC - July 19th 2012

Mayor Bloomberg, Deputy, Housing Commissioner And HDC President Create 165,000 Units Of Affordable Housing.

" Mayor Michael R. Bloomberg, Deputy Mayor for Economic Development Robert K. Steel, Housing Preservation and Development Commissioner Mathew M. Wambua and Housing Development Corporation President Marc Jahr announced today that New York City is 85 percent of the way towards completing Mayor Bloomberg's New Housing Marketplace Plan goal of financing the creation or preservation of 165,000 units of affordable housing by the end of the 2014 fiscal year... Morris Court..."

HPD And HDC - November 28th 2012

HPD And HDC Join Azimuth Development For Opening Of Intervale Senior Residences.

" The New York City Department of Housing Preservation and Development (HPD), New York City Housing Development Corporation (HDC), Azimuth Development Group, Best Development, South East Bronx Community Organization Development, Inc. (SEBCO) and partners celebrated the opening of Intervale Senior Residences, a newly constructed senior housing building located at 1115 Intervale Avenue in the Bronx.... "We are proud to be a part of this exciting new development." said Guido Subotovsky, President of Azimuth Development Group LLC."

Senior Living New Wire - November 28th 2012

Azimuth Development Completes $11.3 Million N.Y. Senior Housing Center.

" Azimuth Development Group, Best Development, the New York City Department of Housing Preservation and Development (HPD) and Housing Development Corporation (HDC) along with other partners recently celebrated the opening of an $11,305,985 affordable senior housing center in the Bronx. Intervale Senior Residences is a 44, 270-square-foot development that has 48 rental apartments designated for low-income tenants aged 55 and older along with an additional superintendent's unit."