Central Harlem Limited Equity Cooperative

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