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   December, 2015   Community Investing News

New Supportive Housing Set For Long Island Site

A recent loan from the Leviticus Fund secured the purchase of the last remaining land parcel needed for a new supportive housing project in Central Islip, New York.

The Adams Road project is the newest initiative of Mercy Haven, a Long Island-based human services agency serving the homeless.  The project received $370,000 in financing from Leviticus and proposes 19 units of permanent, supportive housing within two buildings constructed across the three contiguous land parcels.  
Neighborhood Revitalization Values Affordable Rental Housing

A predevelopment loan from Leviticus is setting the foundation for a comprehensive, $15.3 million neighborhood revitalization effort in upstate Otsego County, New York.

Housing Visions Consultants, Inc. (HVC) is the nonprofit developer for Oneonta Heights, which will create 20 units of affordable rental housing for families and 40 affordable units for seniors among 14 scattered sites. Leviticus' $516,077 loan is financing the predevelopment costs for the project, which will eliminate blight, rehabilitate a vacant building and transform underutilized vacant lots. 
Leviticus Fund In The News
Greg Maher, Leviticus Fund's Executive Director, is interviewed in the current issue of the Novogradac Journal of Tax Credits. The article highlights the Healthy Futures Fund and the collaboration of a health center and grocery store to promote healthy lifestyle choices. 
   A Special Thank You!
We offer our gratitude to the following organizations for supporting Leviticus' community development work during 2015
  • Apple Bank
  • Bank of America
  • BNY Mellon 
  • Capital One
  • Emigrant Bank
  • First Niagara Foundation
  • HSBC Bank USA, N.A.
  • M&T Charitable Foundation
  • Morgan Stanley
  • New York Community Bank
  • PNC Foundation
  • Sterling Foundation
  • TD Charitable Foundation 
  • Webster Bank
  • Wells Fargo 
  • Wells Fargo Regional Community Development Corporation 
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