{"id":40659,"date":"2026-06-13T14:46:36","date_gmt":"2026-06-13T14:46:36","guid":{"rendered":"https:\/\/www.vosa.tv\/eng\/?p=40659"},"modified":"2026-06-13T14:46:36","modified_gmt":"2026-06-13T14:46:36","slug":"mayor-mamdani-cuts-ribbon-on-affordable-co-ops-at-ancp-morningside-highlights-homeownership-agenda-in-block-by-block-housing-plan","status":"publish","type":"post","link":"https:\/\/www.vosa.tv\/eng\/archives\/40659","title":{"rendered":"Mayor Mamdani cuts ribbon on affordable Co-Ops at ANCP Morningside, highlights homeownership agenda in block by block housing plan"},"content":{"rendered":"

NEWYORK: Mayor Zohran Kwame Mamdani celebrated the ribbon-cutting of the ANCP Morningside affordable homeownership project and highlighted the administration’s commitment to expanding for homeownership through\u00a0Block by Block: The Housing Plan for a New Era<\/em>.<\/strong><\/p>\n

The ANCP Morningside project transformed three long-neglected buildings into permanently affordable, shared-equity cooperatives for working class New Yorkers.<\/p>\n

Mayor Mamdani joined City leaders, neighborhood residents and project partners Genesis Companies and Habitat for Humanity New York City and Westchester County to cut the ribbon on the development, which includes 36 affordable homes and two ground-floor commercial spaces.<\/p>\n

The project was financed under the Department of Housing Preservation and Development (HPD)\u2019s Affordable Neighborhood Cooperative Program (ANCP), which rehabilitates and converts City-owned buildings into affordable cooperatives.<\/p>\n

Block by Block, released May 26, makes significant investments in affordable homeownership, resident-controlled cooperatives, community land trusts and programs that help existing homeowners remain in their homes.<\/p>\n

Investments in the Mayor\u2019s Executive Budget will increase the creation of affordable homeownership opportunities by 85% over the next two fiscal years and establish Our Home, a new program that will build on the successes of ANCP to convert a wider range of buildings into resident-controlled cooperatives.<\/p>\n

The budget will also double the number of affordable homeownership opportunities created through the Open Door program and expand the HomeFirst down payment assistance program.<\/p>\n

\u201cFor generations, homeownership has been a clear path to stability, but it\u2019s become out of reach for working class New Yorkers. Projects like ANCP Morningside show what is possible when we expand cooperative and community ownership and\u00a0Block by Block<\/em>\u00a0will ensure more New Yorkers have the chance to put down roots and build a future here, whether they rent or own,\u201d said\u00a0Mayor Mamdani.<\/p>\n

\u201cOur work to address the housing crisis is about more than just a place to lay your head \u2013 it is about ensuring that every New Yorker has a safe home where they can build a life. Through\u202fBlock by Block<\/em>, we are investing in affordable homeownership and co-op projects like ANCP Morningside so that even more New Yorkers can benefit from housing stability. This is just one piece of our work to treat the housing crisis with the ambition, scale, and urgency that New Yorkers deserve,\u201d said\u00a0Leila Bozorg, Deputy Mayor for Housing and Planning.<\/p>\n

\u201cWe aim to lead the nation in every area of housing \u2014 building neighborhoods for working people, preserving affordability, and even something that many thought was impossible: affordable homeownership,\u201d said\u00a0Patrick Love, Deputy Commissioner for Development at HPD.<\/p>\n

\u201cBy transforming three neglected buildings into affordable coops, we are investing in Harlem and enabling families to finally build equity in their neighborhoods. Thank you to Habitat for Humanity, Genesis Companies, and the Community Preservation Corporation for believing in affordable homeownership.\u201d<\/p>\n

Block by Block<\/em>\u00a0also includes new measures to support and protect existing homeowners across the five boroughs. The plan creates the City\u2019s first Mayor\u2019s Office of Deed Theft Prevention and directs HPD to launch the Mortgage Assistance Program (MAP), which will provide repayable, no-interest loans to low-income homeowners facing financial hardship.<\/p>\n

The Mamdani administration will also strengthen the HomeFix program to help homeowners make critical repairs, publish a comprehensive homeowner resources guide and improve access to the Senior Citizen Homeowners\u2019 Exemption (SCHE) and the Disabled Homeowners\u2019 Exemption (DHE) programs, helping more New Yorkers remain in their homes.<\/p>\n

In addition, HPD, the Department of Buildings and the Landmarks Preservation Commission will provide financial and technical assistance to help homeowners create ancillary dwelling units (ADUs), making it easier to bring in extra income, add space for family members and age in place.<\/p>\n

Block by Block<\/em>\u00a0is the Mamdani administration\u2019s strategy to tackle New York City\u2019s housing crisis with the scale and urgency the moment demands. Beyond its homeownership initiatives, the plan outlines a path to build 200,000 affordable homes and preserve another 200,000 over the next decade. It also includes stronger tenant protections \u2014 including an overhaul of how the City responds to building code complaints \u2014 improvements for NYCHA residents, support for workers who build housing and reforms to streamline housing permitting and affordable housing placements.<\/p>\n

\u201cAt a time when far too many Manhattanites are being priced out of the neighborhoods they call home, ANCP Morningside is a powerful example of what it looks like to invest in affordable homeownership and long-term community stability,\u201d said\u00a0Manhattan Borough President Brad Hoylman-Sigal.<\/p>\n

\u201cBy transforming these buildings into permanently affordable cooperatives, this development will create generational opportunities for working families while helping ensure that Harlem remains the vibrant, diverse neighborhood that generations of New Yorkers have built. I\u2019m grateful to Mayor Mamdani, Genesis Companies, and Habitat for Humanity for making this vision a reality, and I look forward to partnering on more projects that expand affordable housing opportunities and keep Manhattan accessible to people of all incomes.\u201d<\/p>\n

\u201cToday\u2019s opening of these new affordable cooperative homes is a powerful example of what we can achieve when the public and private sectors work together with community at the center,\u201d said\u00a0Assemblymember Jordan Wright.\u00a0<\/strong><\/p>\n

\u201cThrough HPD\u2019s Affordable Neighborhood Cooperative Program, Genesis Companies, Habitat for Humanity New York City, and the Department of Housing Preservation & Development have transformed formerly city-owned rental buildings into 36 permanently affordable homeownership opportunities for working families. I\u2019m proud to celebrate this milestone and deeply grateful to all of our partners and community stakeholders who made it possible. Together, we are moving New Yorkers closer to the promise of true housing security and shared prosperity.\u201d<\/p>\n

\u201cHarlem has always been a community where families dig in deep and build their lives across generations, but soaring housing costs have put that legacy at risk for too many of my neighbors. ANCP Morningside protects that legacy, turning long-neglected buildings into permanently affordable homes where working families can own their piece of this neighborhood and pass it on to those who come after them. Homeownership is the foundation of generational wealth\u2014it\u2019s how families build equity, secure their futures, and break cycles of displacement that have threatened our community for too long,\u201d said\u00a0Council Member Yusef Salaam.<\/p>\n

\u201cThere’s something powerful about putting homeownership within reach for working families, and these are the kinds of projects that reflect what we value most,\u201d said\u00a0Karim Hutson, President and CEO of Genesis Companies.\u00a0<\/strong><\/p>\n

\u201cWorking with our partners, we were able to take three buildings in Central Harlem that sat neglected for years and converted them into 36 permanently affordable homes. For the families moving in, this isn’t just about keeping them housed \u2014 it’s about giving them a real stake in their neighborhood, the chance to build equity and stay rooted in the community they love.\u201d<\/p>\n

\u201cANCP Morningside shows what\u2019s possible when we pair public resources with mission-driven development to create real homeownership opportunities,\u201d said\u00a0Sabrina Lippman, CEO of Habitat for Humanity New York City and Westchester Country.<\/p>\n

\u201cThis project doesn\u2019t just preserve housing, it creates pathways for families to own homes, build equity, and stay in the communities they\u2019ve long called home. It\u2019s a model for how we can address affordability at scale.\u201d<\/p>\n

\u201cExpanding access to affordable homeownership is key to strengthening New York City\u2019s communities and creating pathways to long-term stability for our residents,\u201d said\u202fRafael E. Cestero, CEO of the Community Preservation Corporation.<\/p>\n

\u201cProjects like ANCP Morningside give longtime residents the opportunity to own their homes, build equity, and create a more stable future in the neighborhoods where they\u2019ve put down roots. My thanks to Karim Hutson and his team at Genesis, Mayor Mamdani, HPD Commissioner Levy, Habitat for Humanity, and most importantly, the new homeowners whose perseverance and commitment made this achievement possible.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

NEWYORK: Mayor Zohran Kwame Mamdani celebrated the ribbon-cutting of the ANCP Morningside affordable homeownership project and highlighted the administration’s commitment to expanding for homeownership through\u00a0Block by Block: The Housing Plan for a New Era. The ANCP Morningside project transformed three long-neglected buildings into permanently affordable, shared-equity cooperatives for working class New Yorkers. Mayor Mamdani joined […]<\/p>\n","protected":false},"author":5,"featured_media":40660,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1469,31,1378],"tags":[],"class_list":["post-40659","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-new-york","category-news","category-us"],"_links":{"self":[{"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/posts\/40659","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/comments?post=40659"}],"version-history":[{"count":1,"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/posts\/40659\/revisions"}],"predecessor-version":[{"id":40661,"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/posts\/40659\/revisions\/40661"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/media\/40660"}],"wp:attachment":[{"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/media?parent=40659"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/categories?post=40659"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/tags?post=40659"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}