Habitat-NYC - Our Investment in Families and Neighborhoods Habitat-NYC’s investment in low-income families is lifechanging. With the stability and security of a Habitat home, families truly have a chance to build a better future for themselves and their children. In a recent survey of Habitat homeowners conducted for Habitat-NYC, it was noted that:
w Children perform better in school after moving to a Habitat-NYC home; w Families are physically healthier after moving into a Habitat-NYC green home; w Family partners, after seeing thousands of volunteers help build their homes, typically become more involved in volunteerism and community service; w The financial circumstances of family partners are transformed as they move from renting to owning their homes. The economic and fiscal impact of a Habitat-NYC build, fueled by streams of volunteer labor, is profound. w In the South Bronx, Habitat-NYC completed its share of work, including the placement of a living green roof, on the General Colin L. Powell Apartments, our first joint venture with a private builder of affordable housing. w On a recent 41-condominium project in Brownsville, Brooklyn, Habitat-NYC infused $2 million into neighborhood businesses, and created over 100 new full-time jobs, during the construction period alone; w Current and pipeline construction will generate economic activity of $117,000,000 in the neighborhoods where Habitat is building affordable homes; w Tax revenues from this home construction activity will yield fiscal benefits of $25,000,000 to New York City; w Total spending of the residents who will move into Habitat homes is a net present value of $80,000,000.
Habitat-NYC - A Track Record of Success In the past several years, by adopting innovative new approaches to real estate acquisition and development, Habitat-NYC has tripled its production of affordable, green homes for low-income families. For this transformational work, Habitat-NYC has received honors for its achievements from the New York State Association for Affordable Housing as “Nonprofit Developer of the Year,” The New York Times Non-Profit Excellence Awards, Crain’s New York Business, the U.S. Green Building Council, and Affordable Housing Finance Magazine, among others. Recognizing this track record of success, the federal Department of Housing and Urban Development awarded HabitatNYC $20 million in matching funds to be paid out over the next three years to work in the communities of Brownsville and Bedford-Stuyvesant, Brooklyn, neighborhoods ravaged by disinvestment, overcrowding, and foreclosures. This award will provide a critical portion of the funds as we begin our work, but represents just a portion of the funding needed to maximize Habitat-NYC’s impacts in these neighborhoods.
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