Highview Apartments is a 76-unit property for families located at 105 Fred Hecht Drive in Spring Valley, New York. 7 buildings received substantial rehab work, including exteriors, interiors, roof renovations, and window replacement. The project is managed by Hudson Valley Property Group, which used a unique financing structure to initially acquire the properties with private equity and later bridge to a tax credit execution to finance the substantial renovation. The properties are subject to a HUD Section 236 Use Agreement, and long-term affordability is preserved for decades to come with a new 30-year tax credit regulatory agreement.
