Central Harlem Limited Equity CooperativeThe development of 69 home-ownership units with additional 25 rental apartments in Central Harlem.
Through HPD’s Third Party Transfer Cooperative program, Lemle & Wolff is developing a 69-unit homeownership project on West 129th Street.A fourth adjacent building containing 25 apartments will be developed as a rental property for a total of 94 affordable housing units. Closing is scheduled to occur in fall 2015.
Over the past year, Lemle & Wolff has been completing pre-development activities and working with the Urban Homesteading Assistance Board to train the residents in cooperative homeownership and the operation of a resident-controlled HDFC.
Total units: 94
Total development Cost: $20 million