Sara Roosevelt Community Coalition’s long -time founding organization’s – Asian Americans for Equality cut the ribbon for 656 East 12th St., Manhattan (at Avenue C)
RIBBON CUTTING TO WELCOME HOME RESIDENTS AT THREE EAST VILLAGE BUILDINGS GUT RENOVATED THROUGH NYC’S AFFORDABLE NEIGHBORHOOD COOPERATIVE PROGRAM
Thomas Yu, AAFE ED, with NYC Council Member Rivera and HPD Commissioner Adolfo Carrión Jr. at the ribbon cutting.
Asian Americans for Equality (AAFE), the New York City Department of Housing Preservation and Development (HPD), project partners and elected officials will join with East Village families realizing the dream of homeownership, as they settle into their newly renovated apartments.
AAFE recently completed the transformation of three century-old tenement buildings under the City’s Affordable Neighborhood Cooperative Program (ANCP). The gut renovations have created 44 beautiful homes in the formerly dilapidated tenements. The project will result in the conversion of the buildings from rental to co-op apartments owned and managed by residents.
More than 20 families, longtime building residents, will be welcomed home. A housing lottery will be launched in the coming weeks, offering an additional 21 homeownership opportunities in these buildings for middle-income individuals and families.
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(AAFE) advances racial, social and economic justice for Asian Americans and other systematically disadvantaged communities.
Asian Americans for Equality (AAFE) is a comprehensive community development organization which preserves and builds affordable housing, provides an array of community services and supports immigrant small businesses through low-interest loans and training. In the past three decades, AAFE has created more than 1,200 units of affordable housing, the majority located in Chinatown and on the Lower East Side.
