Yesterday's New York Times reports that a substantial tax credit for a project that would restore East Harlem's P.S. 109 located on East 99th Street between 2nd and 3rd Avenue has finally been secured. The nonprofit group Artspace alongside El Barrio's Operation Fightback have been trying to finish the adaptive reuse project since 2008 but now the $24 million government tax credit for low-income housing will make the $50 million development a reality. This affordable housing concept is quite unique since it works with restoring a local landmark alongside providing 89 units for local artists and their families. Read more about it in the Times:
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