Floyd Mayweather confirmed a $402 million deal for a 62-building affordable housing portfolio in Upper Manhattan, though the full ownership wasn’t transferred. Black Spruce Management remains the majority owner, with Mayweather holding a minority stake and an option to buy more. He funded the deal personally through his firm, Vada Properties. The properties benefit from two key programs: Article XI, a long-term tax break, and Section 610, which boosts revenue through enhanced voucher payments.
Floyd Mayweather
