November 25, 2014
MDG and Hudson Valley have partnered together in an effort to preserve affordability in the Marien-Heim Tower in Brooklyn. Marien-Heim Tower has provided affordable housing for seniors in Brooklyn since its inception in 1975. Marien-Heim needed a renovation, but lacked the funds to do it because of its low rents and 236 contract expiration imminent. Hudson Valley-MDG brainstormed creative financing techniques that allowed Marien-Heim to receive the renovation it deserved as well as extra funds to continue providing affordable housing for its tenants.