Working with Leviticus to Address Newburgh’s Affordable Housing Gap
North of Broadway Neighborhood: By the Numbers
This 25-block section of downtown Newburgh is one the most economically challenged areas of the city. A significant number of occupied rental units are in poor condition. This area has the highest percentage of African American and Latino residents in the City.
- Median household income – $20,000 – $24,999
- Citywide median income – $33,469
- Households below poverty line – 47%
- Homeownership rates are low – 6% of occupied housing units
- Renters who pay more that half their income each month for rental costs – 50%
FEATURED PROPERTIES
- 27 Johnston Street
- 43 Johnston Street
- 115 Lander Street
- 150 Lander Street
PROJECT IMPACT
- 9 units at 80% or below Area Median Income
- 4 owner-occupied
- 5 rental
- 20 jobs created over the next 12 months
- carpenters
- electricians
- plumbers
In 2021, the Newburgh Community Land Bank requested a $500,000 construction loan to rehabilitate four properties to create owner-occupied rental units. The Land Bank’s mission is to improve the city’s quality of life by stabilizing and revitalizing abandoned properties. They are responding to the needs of their neighbors who have prioritized affordable homeownership opportunities for current and longtime residents.
The Land Bank has a demonstrated record of success in Newburgh, and we are looking forward to working with them again. We hope we can count on your continued partnership as we stand with community-based organizations like the Newburgh Community Land Bank to address the affordable housing gap.
In 2015, Leviticus made a $250,000 bridge loan to the Newburgh Community Land Bank for a distressed building at the corner or Liberty Street and Broadway. It’s now home to a restaurant with six residential units above.
This property is the first adaptive-reuse, mixed-use, and mixed-income development in the City of Newburgh.
