Co-Op City gets $621.5 million refinancing deal for repairs, with tena…

NEW YORK – Lawmakers announced a city, state and federal partnership to help continue affordable housing in the Bronx. 

Gov. Kathy Hochul, Sen. Chuck Schumer and local elected officials announce at $621.5 million refinancing agreement for Co-Op City Monday morning. 

The deal will allow the housing development to make necessary repairs without raising maintenance costs for tenants and homeowners. 

“It’s going to average they can redo this whole place without charging you a nickle,” Schumer said. 

“This is a long-term investment in not just buildings, not just in a place, but in the people,” Hochul said. 

According to the governor, Co-Op City is currently home to 45,000 people. 

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