- Who We Are
- What We Do
- What We've Accomplished
A first-of-its kind program, NYLOP will help mission-driven organizations with limited real estate experience to create joint venture partnerships to develop 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):
Each church will receive pro-bono architectural, legal, and financial technical assistance to form joint venture partnerships to build affordable housing. The program will 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.
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.
Please contact LISC Community Development Officer Grace Chung at email@example.com.