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Last Call: HPD is Ending the PFASH Program


(Getty, iStock/Illustration by Alexis Manrodt for The Real Deal) The Privately Financed Affordable Senior Housing Program (“PFASH”), published in a term sheet by HPD in August of 2019, is coming to an end. Based on the Affordable Independent Residences for Seniors Program (“AIRS”) under the NYC Zoning Resolution, HPD’s PFASH Program provides developers with a