City inspectors cited the Bronx high-rise at least six times between 2013 and 2019 for failing to maintain self-closing doors in the complex. These citations were issued under prior ownership, records show.
Yesbely Fernandez captured video as she and her loved ones fled the building after the fire broke out. They walked down a stairwell covered in smoke, fire hoses and standing water.
The building is owned by Bronx Park Phase III Preservation LLC, a consortium of three property developers; The Camber Property Group, Belveron Partners and the LIHC Group.
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Belveron Partners closes $280M fund for affordable housing
San Francisco-based firm exceeded its initial target of $225 million National / Share via Shortlink
Belveron Partners founder Paul Odland with 2000 Valentine Avenue (left) and 1985 Webster Avenue in the Bronx (Photos via Google Maps; Twitter)
Belveron Partners closed a $280 million fund to invest in affordable housing across the country as the sector gains interest from larger investors.
The San Francisco-based firm exceeded its initial $225 million target for the fund. It is the sixth fund the company has closed since its inception. The fund will acquire and manage over 5,000 units of affordable and workforce housing in the next three years targeting urban and suburban areas in the Northeast, Mid-Atlantic and Southwest.