Grace Towers Apartments - Brooklyn, NY

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Omni acquired the property in December 2005 with financing provided by the New York City Housing Development Corporation (HDC) and with Low Income Tax Credits provided by the New York City Department of Housing Preservation and Development (HPD). This property received a 20 year renewal of the Project Based Section 8 contract upon acquisition.

A $4.3 million rehabilitation of the property was completed in 2006.