Settlement Housing Fund has developed over 8,700 apartments in 56 projects throughout New York City. Our buildings have included housing for the elderly, permanent and transitional buildings for the homeless, housing for people living with AIDS, rental housing, cooperatives and condominiums, ranging in size from 3 to 893 units. The buildings that we own are mixed-income family developments in Brooklyn, the Bronx and Manhattan.
We pursue every sensible opportunity to develop affordable housing that can lead to community building. We build near other developments that we own and search for opportunities for large scale developments. In some years, we “win” requests for proposals, developing hundreds of apartments or more. In other years, we need to combine multiple funding sources for single buildings. Our most recent developement, which provides housing and on-site services to formerly homeless single parents, was acquired through the City’s Inclusionary Zoning Program, and we are currently rehabilitating nine other buildings through the City’s Third Party Transfer Program. We expect to keep our buildings affordable, and have executed contracts requiring a 99-year commitment to keep specific buildings affordable. We take these commitments seriously, as we vigilantly implement measures to assure a long, healthy life for the buildings we develop.
We have an active pipeline of development projects underway or in the planning phase that will create more affordable housing and amenities in neighborhoods where we have a presence. We also closely monitor our existing assets: 2,210 apartments in 44 buildings throughout the city, and market apartments in both our developments and in those of developers who reserve 20 percent of their units for low-income occupancy.