Priorities & Impact

Our Priorities in New York

• Create affordable homes for all New Yorkers so that every individual and family has a stable, sustainable, affordable place to call home.
   
• Preserve the long-term affordability and stability of New York’s existing affordable housing to ensure that affordable housing stays affordable, and to protect New York City residents living in buildings that are physically distressed and financially over-leveraged.
   
• Green all of New York City's affordable housing to bring the health, economic, and environmental benefits of green building to more residents and building owners, making green practice common practice.
   
• Provide housing with access to critical social services to our senior community and rapidly growing population of homeless families, and serve as a trusted advisor to policymakers and community-based organizations to make affordable housing the central platform for delivering complex services to these most vulnerable neighbors.

Our Impact in New York

• Since 1987: Created or preserved more than 35,000 affordable homes for 116,000 New Yorkers and committed nearly $2.3 billion in equity, grants and loans to community development projects across the city.
   
• In 2011: Created, preserved, or weatherized over 4,400 homes for 13,000 New Yorkers.  As a result, low-income New Yorkers collectively now have $10.7 million more dollars to spend on other necessities like food, education and healthcare rather than rents they could not afford.
   
• Engaged developers, policymakers, and the financial industry to bring green solutions to scale, notably resulting in New York City’s recent adoption of Enterprise’s Green Communities Criteria requiring all new and substantial rehab projects to comply with the comprehensive green guidelines.

• Deployed $18 million to retrofit and green over 2,200 affordable apartments in NYC through the Weatherization Assistance Program, in partnership with LISC.
   
• Led the launch of the $230 million New York City Acquisition Fund, an unprecedented collaboration between the city of New York and the philanthropic and lending communities. Since the inception of the fund in 2007, more than $151 million has been invested in New York City, creating or preserving over 4,300 homes.
   
• Since 2004: Financed the development of 3,100 supportive apartments in New York.