2023 Annual Report

Project Profiles

Project Profile

Samaritan Daytop Village: Where Good Lives®

Harlem, ny

When the Rev. W. L. Damian Pitcaithly died in 1977, the New York Times noted that “Controversy and picket lines first greeted the Episcopalian clergyman when the doors of his Samaritan Halfway Society were opened in Corona, Queens, in 1965. Residents, it was said, first feared the center would attract undesirables from other communities.”
While its roots are in one community’s compassionate effort to reach struggling youth, the organization now known as Samaritan Daytop Village (SDV) has evolved into a comprehensive human services agency with more than 60 locations across New York City and beyond.
SDV offers a rich array of programs including treatment for substance use, supportive housing and shelters, peer recovery services, and specialized programs for veterans, adolescents, seniors and families.
A loan from the Leviticus Fund will pay pre-construction expenses for a $97.9 million dollar redevelopment of nine scattered site buildings located mostly in Harlem and East Harlem. The effort will include 124 residential units and five commercial units. For the next 60 years, at least half of each parcel’s units will be allocated to formerly unhoused tenants, with the other half remaining permanently affordable.
SDV is a first-time borrower from the Leviticus Fund. We are honored to work with them to support their efforts to guide their clients through the challenges of addiction, reintegration after military service, homelessness, and other life challenges.

Samaritan daytop village

$1,500,000
loan

124
affordable units

5
Commercial Units

Project Profile

Welcome Home: It Takes a Village

Ocean township, NJ

When you serve in the military, home is where you are stationed. When transitioning back to civilian life, finding a place to call home can be even harder for female veterans than for their male comrades .

The U.S. Department of Veterans Affairs recognizes that women veterans experience their military service in different ways than men and this can result in unique mental health conditions. This can put women vets at a higher risk of becoming homeless.

That’s why the Leviticus Fund is teaming up with New Jersey organizations to provide affordable, supportive housing to disabled woman veterans at risk of homelessness.

Vet B-Well incorporated in 2020 as a 501c3 to enhance independent housing options and coordinated services for veterans by linking vets to residential options and services. Vet B-Well is a project of Community Investment Strategies, a development, construction, and management company known for its affordable senior and multi-family communities. The third partner in the effort is the Communities First Initiative, a non-profit dedicated to promoting the wellbeing of low-income areas of New Jersey.

A loan from the Leviticus Fund will help provide 10 units of supportive housing for low-income women veterans at risk of homelessness. The loan, to a first-time borrower of the Leviticus Fund, is an opportunity to support a nonprofit organization seeking to increase its capacity, while developing a relationship with a high-capacity, mission-focused for-profit active in Leviticus’s New Jersey target market.

This is part of a larger project creating 100 units of work force housing in Ocean Township. Of these, 50 will be deed-restricted to families earning no more than 120% of average median income.

It’s a good way to say thank you for your service, and welcome home.

Vet-B-Well

$1,450,000
loan

10
AFFORDABLE AND SUPPORTIVE UNITS

Project Profile

UHAB: Building Community Through Cooperation

West Harlem, NY

UHAB (the Urban Homesteading Assistance Board) was founded during New York City’s fiscal crisis in 1973, when racist housing policies and disinvestment led to landlord abandonment and poor living conditions for the communities of color that called redlined neighborhoods home.

UHAB believes housing works best when residents are in charge, and they support tenants and cooperative homeowners at every stage of resident-controlled affordable housing.

Cooperative housing, or co-ops, build stronger local economies by keeping wealth circulating within the community. UHAB’s work is guided by the principle of democratic community control: that people can collectively steward their own affordable housing to strengthen their neighborhoods.

For over 50 years their services have expanded and adapted to meet the needs of a changing city. They make small loans to first-time homebuyers; develop affordable co-ops; and work with rent-stabilized tenants to combat landlord harassment and build tenant power.

A loan from the Leviticus Fund will help UHAB acquire and convert to a limited equity co-op the 13-story building at 640 Riverside Drive in West Harlem. It will contain approximately six studio units, 44 one-bedroom units, 51 two-bedroom units, 30 three-bedroom units, and one four-bedroom unit, and will provide affordable housing and equity ownership to moderate-income buyers in the area.

One of the first loans the Leviticus Fund made, forty years ago, was to a tenant-owned cooperative in New York City. We hope our first loan to UHAB will open the door to future collaborations.

640 RIVERSIDE DRIVE

$600,000
loan

132
AFFORDABLE UNITS AND EQUITY HOME OWNERSHIP

Project Profile

Trip Hillside: Uniting to Rehabilitate and Improve

Troy, NY

Since 1968, the Troy Rehabilitation and Improvement Program (TRIP) has been connecting people with the resources and knowledge they need to live in desirable homes and create vibrant, sustainable communities.

When TRIP learned that their neighbors wanted a more equitable investment of public resources in their neighborhood, especially around housing, they connected with fellow nonprofit Unity House to develop the Hillside Views Neighborhood Revitalization project.

Hillside Views will create 51 new-construction residential units for rent to low-income families. These units will be spread over 8 residential buildings in Troy’s North Central neighborhood. The project is informed by years of direct community organizing, planning, and engagement in the Hillside-North Neighborhood led by TRIP with NeighborWorks America.

Founded in 1971 by a Sister of St. Joseph and two Franciscan friars, Unity House has grown to provide robust supportive services that are trauma-informed, tailored to individual needs, and strengthened by linkages to programs at other human service providers in the community.

Twenty-six supportive housing apartments will be set aside for formerly homeless people with serious mental illness. Hillside Views residents will be eligible for Unity House’s community services, including a congregate meal on weekdays, the Re-Style Boutique, a client-choice food pantry, and convenient access to case management services.

Since our founding forty years ago, the Leviticus Fund has been committed to serving the most vulnerable by supporting the development, rehabilitation, and preservation of safe and affordable housing. A 30-year loan from the Leviticus Fund will help TRIP and Unity House deliver more equitable and supportive housing options in Troy for years to come.

HILLSIDE VIEWS

$1,475,000
loan

51
AFFORDABLE AND SUPPORTIVE UNITS

Additional Lending

ATLANTIC EAST APARTMENTS LLC
Brooklyn
$1,295,275
67 supportive/affordable units

THE COMMUNITY BUILDERS
Bronx, NY
$4,631,890
85 affordable units housing for seniors

CONCERN HOUSING
Bronx, NY
$5,520,000
200 supportive/affordable units

GONSOSA DEVELOPMENT AND CONSTRUCTION
Newark, NJ
$1,862,000
23 affordable units, 1 commercial unit

HOUSING VISIONS CONSULTANTS
Oswego, NY
$693,459
75 units total, 48 affordable units

HOUSING VISIONS CONSULTANTS
Syracuse, NY
$270,000
50 affordable units

HOUSING VISIONS CONSULTANTS
Plattsburgh, NY
$545,000
80 affordable units

ST. NICKS ALLIANCE
Brooklyn, NY
$1,900,000
78 affordable units

SEABURY COOPERATIVE HOUSING, INC.
New Haven, CT
$3,150,000
88 affordable units

CLINTON HOUSING DEVELOPMENT COMPANY
New York, NY
$500,000
70 affordable units

Revolving Enterprise Loan for Housing Visions

$2,000,000

Before a shovel goes into the ground, developers need to find a way to pay for architect and engineering fees, environmental testing, appraisals, land surveys, legal fees, and other expenses. Financing these fees can be difficult for nonprofit organizations pursuing multiple projects.
The Leviticus Fund is making it easier for Housing Visions.
In July, we closed our first Revolving Enterprise Loan of $2 million to this organization. This reflects the strength of Housing Visions, as well as our long relationship with them, as the loan is 100% unsecured.
This flexible loan will make it easier for Housing Visions to draw down predevelopment funds without requiring separate applications, underwriting and closings for each project.

Explore the 2023 Annual Report