As Congress continues to negotiate the Build Back Better Act, it’s critical to understand the far-reaching social policy implications that this bill could offer to our local communities. A recent opinion piece written by two New York nonprofit leaders – Laura Mascuch, Executive Director of the Supportive Housing Network of New York, and Rich Nightingale, President and CEO of Westhab, Inc., and a policy statement by the National Low Income Housing Coalition, provide a valuable outline.
The Leviticus Fund recognizes the devastating consequences that housing insecurity has for low-income individuals and families that live in our area, and we continue to allocate a significant percentage of our financing to support development and preservation of affordable and supportive housing projects.
Thus far for 2021, we have allocated close to 90% of the $18.4 million in lending just for housing-related projects. One of this year’s projects was additional financing to support Westhab’s most recent project, Hudson Hill in Yonkers, an award winning development that will provide 113 affordable rental apartments, including 45 units of supportive housing for formerly homeless families.