CLOTH and Alembic Break Ground on 2142 Amsterdam

2012-10 2142 AmsterdamOn October 10, southern Washington Heights residents joined City Council Member Ydanis Rodriguez, State Senator Adriano Espaillat and State Assemblyman Guillermo Linares to celebrate the start of construction on 2142 Amsterdam Avenue, a $12-million joint development of Alembic Community Development and our longtime collaborator, Community League of the Heights (CLOTH) that will provide 44 units of affordable and supportive housing.

“Much like the Dorothy McGowan Apartments, CLOTH’s earlier development on West 159th Street, 2142 Amsterdam fills a critical community need, the need to provide safe and decent housing for all our neighbors, including those who may need intensive on-site services to help them succeed,” CLOTH Executive Director Yvonne Stennett said.

“Alembic is delighted to be able to work with our long-time partner CLOTH on a housing development that will continue the revitalization and growth of southern Washington Heights, and provide much needed   affordable and supportive housing,” added Alembic Principal Heidie Joo Burwell.

When complete, 2142 Amsterdam will comprise 26 studio apartments for eligible participants in the Department of Health and Mental Hygiene’s NY/NY III Program, 17 studio apartments for low-income community residents and one on-site resident manager’s apartment. Services for the Underserved, an experienced property manager and service organization, will provide on-site social services and property management for the building.

Development financing includes funding through the New York City Department of Housing Preservation and Development’s Supportive Housing Loan Program and Low Income Housing Tax Credit equity syndicated by Richman Housing Resources. A portion of the site was donated to the project by Columbia University for the purposes of affordable housing.  Predevelopment support came from the Harlem Community Development Corporation, the Corporation for Supportive Housing, and Richman.  The Department of Health and Mental Hygiene is providing funds for social service assistance, and rental assistance is provided by project-based Section 8 vouchers.

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