NYCCRCNew York City Capital Resource Corporation (New York City Economic Development Corporation)
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The Board of the city's Capital Resource Corporation (NYCCRC) has given preliminary approval for the allocation of Recovery Zone Facility Bonds for Albee Development LLC, Arverne by the Sea LLC and Benjamin Beechwood Retail LLC.
"These are exactly the types of projects the American Recovery and Reinvestment Act is intended to assist," said NYCCRC chairman Seth W.
And the NYCCRC Board approved approximately $50 million in tax-exempt bond financing for Cobble Hill Health Center, Inc., a Brooklyn-based skilled nursing organization.