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- What We've Accomplished
A first-of-its kind program, the New York Land Opportunity Program (NYLOP) helps mission-driven organizations with limited real estate experience to partner with experienced developers to develop new affordable or supportive housing on their underutilized land.
Five churches were selected in August 2017 for a pilot cohort (read the coverage in the Wall Street Journal). We are thrilled to share that upon receiving intensive technical assistance from LISC NYC, the following churches have finalized their Request for Proposals and are currently seeking developer partners.
The deadline for the RFPs has been extended to Friday, April 27. The RFPs have also been revised to include the estimated appraised value of the properties.
The RFPs can be viewed using the links below:
Each church received pro-bono architectural, legal, and financial technical assistance from LISC NYC. NYLOP strengthen the churches’ ability to remain vital institutions in their neighborhoods, even as significant change is taking place around them. In addition to building affordable housing, the churches will continue offering community programs that address the needs of youth, seniors and those struggling with hunger, poverty and homelessness in their neighborhoods.
In fall/winter 2016, LISC NYC offered four NYLOP technical assistance workshops in Brooklyn, Queens, Bronx and Manhattan, reaching over 300 participants. These workshops covered: (1) what it takes to develop affordable housing through a joint venture partnership; (2) case studies of successful joint venture partnerships to develop affordable housing; 3) resources for development and long-term stewardship of affordable housing; and (4) an overview of LISC NYC’s NYLOP technical assistance program.
Thanks to our Partners!
NYLOP is a LISC NYC partnership with the NYC Department of Housing Preservation and Development and the Mayor’s Community Affairs Unit.
This program is made possible through the generous support of Booth Ferris Foundation, along with BankUnited, Deutsche Bank, M&T Bank, and Santander Bank.
Special thanks to our program partners: Goldstein Hall and Edelman Sultan Knox Wood / Architects.
NYLOP In the News:
For more information:
Please contact LISC Community Development Officer Grace Chung at firstname.lastname@example.org.