$2M from ARPA enables purchase of 13 units at Wyatt & Madison
It’s hard to believe that just two years ago 550 Madison Avenue was on the auction block, the community was up in arms, and HRB was doing everything it could to prevent the loss of 13 affordable homes. Today, $2 million from the American Rescue Plan Act (ARPA) means HRB is close to what it needs to purchase 13 units at the Wyatt & Madison development, which will occupy the site of the former 550 Madison and replace the original units.