ABOUT

MISSION

ALEMBIC COMMUNITY DEVELOPMENT builds equitable partnerships to bring impactful investments to underserved neighborhoods through real estate development capacity building initiatives.
Our community development projects prioritize collaboration with nonprofit organizations and partners, create development programs that result in measurable community impact, and leverage public and private capital sources through complex models. In all of our work, we seek to participate in the development of thriving, sustainable communities.

VALUES

PARTNER MEANINGFULLY

We partner with mission driven entities in a way that is mutually beneficial and builds capacity. In projects, this means shared ownership, economics, and decision-making.

BE USEFUL

We understand the value we can bring to partners and their communities, as well as what we cannot. We show up and are consistent in our work and care.

CONFRONT INEQUITIES

We acknowledge benefiting from the real estate industry while seeking to use our access to change it from within. We know the deep racial and class inequities in real estate and believe that our partners’ ownership and self-determination of projects are paths to make change over the long term.

EXPAND KNOWLEDGE

We foster a culture of continual learning founded upon our curiosity and belief in the value of communities. We practice transparency by teaching our partners what we do from a commitment that communities can and should understand how real estate development operates.

HISTORY - BEGINNINGS

From a one-person consulting practice in late 90s Brooklyn, Alembic Community Development is now an experienced, multi-faceted community development firm with offices in New York City and New Orleans. In the wake of September 11th, Alembic became involved in rebuilding initiatives in Chinatown which led to further business development throughout New York City.
We expanded our work in to the Gulf Coast in coastal Mississippi after Hurricane Katrina. This led to the opening of our New Orleans office in 2007. Alembic has become a trusted and valued community development organization in New Orleans.

HISTORY - PRESENT

Alembic has developed properties in disinvested areas totaling more than 2,500 affordable and supportive housing units; over 300,000 square feet of commercial and community facility space, including social service and nonprofit facilities, schools and educational spaces, cultural art exhibition and performance spaces, a fresh food store, and recreational facilities; and $1.2 billion of development costs.