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Enhancing Affordable Housing
The City Ventures Fund works with non-profit developers to retain the period details of non-landmark but architecturally significant buildings being converted to affordable housing and other services that benefit lower income communities. Since 1986, the Fund has provided over $1 million in grants and loans, resulting in the creation of more than 600 affordable apartments.
All City Ventures funding is accompanied by the project management services of the Conservancy staff, consulting architects, and engineers. They help define the scope of work and prioritize project components, identify appropriate contractors and craftspeople, and review contracts and bids. Importantly, this program endeavors to make publicly funded renovations of older building indistinguishable from market-rate projects.
Program Staff
- Karen Ansis, Manager
- Ashley J. Hahn, Coordinator
- James J. Mahoney, Coordinator
Grant Criteria
Eligible organizations include non-profit housing corporations, community development organizations, social service agencies, homesteading groups, and mutual housing associations that are restoring historic buildings. The property does not need to be officially landmarked, only architecturally interesting.
City Ventures grants range from $5,000 to $30,000 and can be supplemented by low-interest loans from the Historic Properties Fund. Grants underwrite bricks-and-mortar components of building renovation projects and professional fees; priority is given to essential structural repairs and exterior work that have visual impact on the neighborhood.
Inquiries from non-profit organizations only should be directed to Karen Ansis or 212-995-5260.
Recent Projects
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