July 23, 2016 9:48 AM ET

Company Overview of The Phipps Houses Group

Company Overview

, NY 

United States

Key Executives for The Phipps Houses Group

The Phipps Houses Group does not have any Key Executives recorded.

The Phipps Houses Group Key Developments

The AFL-CIO Housing Investment Trust Invests $8.26 Million Towards Hunter's Point South in New York in Joint Venture Between the Related Companies, Phipps Houses and Monadnock Construction

The AFL-CIO Housing Investment Trust announced an investment of $8.26 million towards construction of Hunter's Point South Building A, a 37-story, multifamily development in Queens, NY that will offer 619 housing units, 13,500 square feet of retail space and 250 parking spaces. The HIT investment will create approximately 195 union construction jobs. Apartments in the $233 million development will be permanently affordable to low, moderate and middle-income residents. 20% of the units will be affordable to residents earning 50% of area median income (AMI), 20% affordable to those at 130 of AMI, 27% affordable to those at 165% of AMI and 33% affordable to those at 230% of AMI. 5% of the units are reserved for municipal employees including teachers, police officers, firefighters and transit workers, allowing access to quality, affordable and convenient housing. This new development located near public transportation will house New Yorkers who cannot afford New York's high market rate rentals, and who are not being served by existing low-income housing programs. The City's housing stock is not keeping pace with its burgeoning population, which is expected to exceed 9 million people by 2030. The project is being developed and constructed through a joint venture between The Related Companies, Phipps Houses and Monadnock Construction.

Similar Private Companies By Industry

Company Name Region
Aryzta Us Holdings I Corp. United States
!SOLUTIONS! Group United States
"Atlantic Tele-Satellite, Inc. United States
"D" Construction, Inc. United States
"Graham & Associates,Inc" United States

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

The information and data displayed in this profile are created and managed by Capital IQ, a Standard & Poor's company. Bloomberg.com does not create or control the content. For inquiries, please contact Capital IQ directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
Bloomberg L.P. United States
NYC2012, Inc. United States
Rush University United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact The Phipps Houses Group, please visit --. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.