NFF Dollars at Work

Joining forces for affordable housing solutions

$2.75 million participation in a $5.5 million acquisition loan with Leviticus Fund as the lead lender (September 2024)

Urban Pathways (UP), a New York-based nonprofit founded in 1975, is dedicated to combating homelessness through housing and supportive services, while simultaneously advocating for systemic change. For decades, UP has supported thousands of New Yorkers through street outreach, supportive housing, and employment programs. In 2023, the organization placed over 600 individuals in supportive housing, successfully advocated to increase the cost-of-living adjustment (COLA) for New York’s human services workers, and served over 2,000 people through its drop-in center.

The Children’s Village (TCV), founded in 1851, works in partnership with families to promote the well-being of young people through housing, education, and advocacy. Each year, TCV’s Dobbs Ferry campus provides short-term residential care for more than 800 youth – and its other community-based programs reach over 17,000 children and their families.

NFF’s $2.75 million loan, with a 50% participation from Leviticus Fund, will support Urban Pathways and The Children’s Village in creating a 123-unit permanent affordable and supportive housing development in the Bronx. This project will feature 43 units allocated for low-income households and 80 units designated for formerly homeless individuals and young adults transitioning out of foster care. This investment will connect more than a hundred people to affordable housing, providing individuals and families with the stability of a secure living environment.

Read the full announcement.