Madison Ave Apartments - New York, NY
Omni acquired the property in December 2009 with bonds from the New York City Housing Development Corporation (HDC) and secondary financing from the New York City Department of Housing Preservation and Development (HPD). HPD also provided Low Income Housing Tax Credits. This property received a 20 year renewal of the Project Based Section 8 contract upon acquisition.
A $2.2 million rehabilitation of the property was completed in 2010.