Central Harlem Limited Equity Cooperative

The 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

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