Co-op City locks in $621M for renovations

A major makeover is on the way for residents in Co-op City after officials locked in a $621 million loan.

A major makeover is on the way for

A major makeover is on the way for residents in Co-op City after officials locked in a $621 million loan.

THE BRONX - A major makeover is on the way for residents in Co-op City after officials locked in a $621 million loan.

Mayor Michael Bloomberg, Gov. Andrew Cuomo, the Department of Housing and Urban Development (HUD) and Wells Fargo announced the deal, saying the money will go toward renovations and helping to keep costs low for tenants.

Residents say they're glad that affordable housing is being ensured for 35 more years. 

advertisement | advertise on News 12

Trending Video

1 Bronx Sportscast, Jan. 23
VIDEO: Discovery of human remains in freezer shocks 2 VIDEO: Discovery of human remains in freezer shocks neighbors
Two children were struck by a school bus 3 School bus hits 2 children in Mott Haven
Con Edison has offered a few tips you 4 Con Ed offers storm safety tips
Jenny Gutierrez, Hector Quezada and Joel Hernandez were 5 Suspects in fatal restaurant beating appear in court

advertisement | advertise on News 12

Features

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE