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HomeImpactImpact storiesSt. Emeric Redevelopment

St. Emeric Redevelopment

Borrower
St. Emeric Redevelopment LLC (partnership among Community Access, Spatial Equity, Duvernay & Brooks and Cooper Square Committee (CSC))
Location
New York, New York
Loan Length
3 years
Financing Used For
Site acquisition and predevelopment
Loan Amount
$11.7 million
Partner(s)
Corporation for Supportive Housing (CSH), Capital Impact Partners, Leviticus Fund
A team of mission-driven developers secured a rare Lower East Side site to build 550 100% affordable units—New York’s largest supportive housing project—despite initial exclusion from the bidding process, ensuring longtime residents aren't priced out of their own neighborhood.
Housing
Location
New York
HomeImpactImpact storiesGreenville Bundle

Greenville Bundle

Borrower
Lavi Investment, LLC
Location
Roxbury, Mattapan and Hyde Park, Massachusetts
Loan Length
20 years
Financing Used For
Acquisition
Loan Amount
$1.5 million
Partner(s)
Eastern Bank, City of Boston’s Mayor’s Office of Housing
Developer Adler Bernadin preserved affordable housing in Roxbury by purchasing four buildings, including units with Section 8 tenants, and securing permanent affordability for families earning 60–80% of the area median income—ensuring long-term housing stability in a market under pressure.
Housing
Location
Massachusetts