JOE NYC is a new Joint Ownership Entity for non-profit owned affordable housing assets in New York City.
JOE NYC is being founded by a group of prominent New York City Community Development Corporations in response to a set of challenges confronting New York City’s affordable housing stock and low and moderate income communities, and, in particular the nonprofit community. JOE NYC is a 501(c)(3), nonprofit corporation.
JOE NYC is designed to strengthen the asset and property management capacity and outcomes of participating CDCs and the industry as a whole; to bolster the cash flow and balance sheets of participating CDCs; to enhance the ability of CDCs to secure financing for their development projects; and to help ensure the long-term affordability of the properties in its portfolio and the stability of the communities within which they are located.
New York City-based non-profit affordable housing owners are encouraged to contact JOE NYC. We can analyze your portfolio to understand the benefits of becoming a member. Please contact us at here to arrange for an initial consultation.