The Osborne Association in $19 Million Financing of Fulton Community Reentry Center
August 21, 2020
Cleary Gottlieb represented The Osborne Association in a complex real estate and $19 million financing that will enable it to transform a former prison in the Bronx into a transitional housing and support center for individuals returning home from prison and jail.
Now known as the Fulton Community Reentry Center, the seven-story, 63,000 square foot building, formerly a state minimum security prison, will be adapted to provide transitional housing, workforce development (including job and skills training), community spaces, and a catering kitchen with teaching facilities. The center will focus on providing reentry support to previously incarcerated men and women who are returning to the Bronx, as well as those who are on probation or parole.
The Osborne Association is a not-for-profit organization that works with previously incarcerated individuals and their families to provide post-release support. The organization is dedicated to advocating for “solutions that prevent and reduce the damage caused by crime and incarceration.”