East Harlem/El Barrio Community Land Trust
New York
New York City
n/a
n/a
2014
Yes
The East Harlem/El Barrio Community Land Trust (EHEBCLT) develops and stewards community-controlled, truly and permanently affordable housing, along with commercial, green, and cultural spaces in East Harlem/El Barrio. We center the needs of extremely low- to low-income households.
interim board until CLT is fully operational
n/a
Sixteen homes will be deeply affordable to families earning 35% Area Median Income (about $38,000 for a family of three) and 4 will be reserved for people transitioning out of homelessness. The remaining vacant apartments will be affordable to residents at or below 100% AMI.
The EHEBCLT was formed in 2014 as a pilot project by the NYC Community Land Initiative (NYCCLI) with organizing support from Picture the Homeless. It was established to address the housing crisis in East Harlem, which is marked by high rates of poverty, displacement, and speculative real estate development. The CLT gained significant momentum in 2020 when it acquired its first four buildings from the City of New York for $1 each. These buildings are being renovated under the leadership of two nonprofit developers, Banana Kelly and Community Assisted, Tenant Controlled Housing (CATCH.