Real Estate and Community Development

Bremond King Davis

Bremond King Davis Houses is an 85-unit affordable housing project in Harlem, made up of five buildings that were previously known as the Bremond Houses and King Davis Houses. The properties provide long-term affordable housing for residents in Northern Manhattan.

In 2019, Asian Americans for Equality (AAFE) partnered with Community League of the Heights (CLOTH) to acquire and stabilize the buildings, which were at risk of foreclosure. The partnership, with support from Enterprise Community Partners and the New York City Department of Housing Preservation and Development (HPD), helped address maintenance and management needs while protecting the apartments as affordable housing.

AAFE and CLOTH continue to work with HPD to refinance and improve the properties through the city’s LIHTC Preservation Program, helping ensure the buildings remain safe, stable, and affordable for residents for years to come.

Goldstein Hall’s Role

Goldstein Hall’s Role

Goldstein Hall represented AAFE in its joint venture with CLOTH and served as project counsel. The firm represented the joint venture in the loan closing for the renovation of the properties, negotiated the regulatory agreement, assisted with restructuring the existing debt, and is currently working to extend the tax abatement.
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