Habitat for Humanity New York City Community Fund

What Habitat for Humanity New York City Community Fund does

Habitat for Humanity New York City Community Fund is the certified Community Development Financial Institution (CDFI) arm of Habitat for Humanity New York City and Westchester County, a 501(c)(3) nonprofit founded in 1984 as an independent affiliate of Habitat for Humanity International. The Community Fund, certified as a CDFI in 2019, provides below-market loans and technical assistance to affordable housing developments — primarily HDFC co-ops and Tenant Interim Lease buildings — and has impacted more than 300 families since inception, with documented loan-to-finance leverage ratios as high as 13.6x (a $360,000 Community Fund loan helped Clermont Area HDFC unlock approximately $4,887,771 in additional financing).

The parent organization operates an integrated portfolio of programs across New York City's five boroughs and Westchester County (added in 2020). Core programmatic lines include the Home Purchase Program (income-qualified 50–80% AMI first-time buyers selected via NYC Housing Lottery), Housing Preservation Program (construction management and technical assistance for HDFCs and TIL/ANCP buildings), Co-op Conversion Assistance, Plus One ADU (Westchester accessory dwelling units with up to $395,000 in assistance per homeowner), Aging in Place senior home repairs, Disaster Response, Financial Literacy Workshops, and Advocacy. Retail revenue flows through the Yonkers ReStore, which has diverted 3,600+ tons of household items from landfills since 2015.

Revenue is generated through a diversified nonprofit funding stack: individual donations (including crypto, stock, planned giving, and vehicle donations through Cars for Homes), corporate partnerships (JPMorgan Chase, Wells Fargo, Bank of America, Citi Foundation, Lowe's, Con Edison, Field Hall Foundation), government grants (federal, state, NYC HPD, NYC HCR, Westchester County, and a $500,000 U.S. Treasury CDFI Fund award in 2023), homebuyer mortgage payments and sweat equity, and ReStore retail sales. The organization is governed by a board and led by CEO Sabrina Lippman under a stated goal of serving 1,000 families annually.

Name

Habitat for Humanity New York City Community Fund

Legal name

Habitat for Humanity New York City and Westchester County

Website

https://habitatnycwc.org

Company type

Private

Founded year

1984

Operating status

Operating

Headcount range

1–10 employees

Short description

Habitat for Humanity New York City Community Fund is the CDFI-certified lending arm of a 501(c)(3) nonprofit affiliate that provides below-market loans and technical assistance to build and preserve affordable housing across NYC and Westchester County, serving low-income homebuyers, HDFC co-ops, and seniors.

Ownership category

akta.pro rank

Product category

Affordable Housing Services

NAICS

Community Housing Services (62422), Other Community Housing Services (624229)

SIC

Services-Social Services (8300)

akta.pro primary industry

Affordable Housing & Community Development (Housing, Community Land Trusts) (BPAGALAC)

akta.pro secondary industries

Community Development & Neighborhood Revitalization (CDBG, Place-Based Initiatives) (BPAIANAE), Public & Affordable Housing Programs (Subsidies, Vouchers, Public Housing) (BPAIANAA), Community Development & Neighborhood Revitalization Housing Programs (FSALAKAO)

Keywords

• Affordable housing lending
• Community development finance
• Housing preservation services
• Affordable homeownership programs
• Nonprofit housing development

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Marketing or Sales, Infrastructure, Technology or R&D

Revenue model

1. Individual donations and contributions: Tax-deductible donations from individuals supporting affordable housing mission, including one-time gifts, recurring donations, and cryptocurrency donations
2. Corporate partnerships and sponsorships: Financial support from corporate partners including volunteer programs, event sponsorships, cause marketing, and employee matching gifts
3. ReStore retail operations: Nonprofit home improvement stores selling donated furniture and building materials, with proceeds supporting Habitat's mission
4. Homebuyer program fees: Affordable mortgage products and sweat equity requirements for qualified low-income homebuyers
5. Government grants and subsidies: Federal, state, and city funding for affordable housing development and preservation programs
6. Planned giving and bequests: Legacy gifts including wills, trusts, retirement account beneficiaries, and charitable gift annuities

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels15 records

Core offering

The Habitat NYC Community Fund is a certified Community Development Financial Institution (CDFI) established in 2019 that provides loans and financial lending to support affordable housing development and preservation in New York City and Westchester County. As part of Habitat for Humanity NYC and Westchester, the Fund underwrites bridge loans, gap financing, and affordable mortgages for low-to-moderate income homebuyers (50-80% AMI), HDFC co-ops, and affordable housing preservation projects, having impacted more than 300 families since inception.

Product overview

Habitat for Humanity New York City and Westchester is a nonprofit housing developer offering a comprehensive portfolio of affordable homeownership programs and services. The organization operates multiple integrated programs including: the Home Purchase Program (first-time homebuyer assistance through sweat equity and affordable mortgages), the Habitat NYC Community Fund (a CDFI providing financial lending to housing developments), the Housing Preservation Program (construction management and technical assistance for existing affordable buildings), and the ReStore (retail store selling donated home goods). Additional programs include co-op conversion assistance, Plus One ADU program for accessory dwelling units, Aging in Place home repairs for seniors, and disaster response. The organization also runs extensive volunteer engagement programs including Global Village international builds, Women Build, Habitat Young Professionals, corporate partnerships, and faith-based partnerships. Fundraising vehicles include vehicle donations (Cars for Homes), cryptocurrency, stock donations, planned giving, and donor-advised funds. The organization was founded in 1984 as an independent affiliate and has served over 2,600 families, with a goal to serve 1,000 families annually.

Differentiator

Problem solved

Functional benefit

Brands

• ReStore: Non-profit home improvement store and donation center selling new and gently used furniture, appliances, home decor and building materials at discounted prices.
• Habitat NYC Community Fund
• Women Build
• Plus One ADU
• Aging in Place
• Habitat Young Professionals (HYP)

Products and services

• Habitat NYC Community Fund (CDFI Lending) Certified Community Development Financial Institution providing financial lending (bridge loans, gap financing) to affordable housing developments, HDFC co-ops, and preservation projects. Has impacted more than 300 families since 2019 certification.
• Home Purchase Program First-time homebuyer program helping low-income families (50-80% AMI) purchase affordable homes through sweat equity (200 hours), financial education, and affordable mortgage products. Homebuyers selected via the NYC Housing Lottery.
• Housing Preservation Program Construction management assistance and technical assistance services for existing affordable housing multifamily properties including HDFC co-ops and TIL/ANCP buildings. Includes owner advocacy, project planning, stakeholder coordination, quality control, budget management, and contract administration.
• Co-op Conversion Assistance Guidance for tenant groups converting their building to a cooperative, including full building conversions and limited-equity co-op conversions.
• Plus One ADU Program Program assisting Westchester County homeowners with building or legalizing accessory dwelling units, providing up to $395,000 in financial and technical assistance through the ADU for You program.
• Aging in Place Program Home repair services for older adults to help them remain safely in their homes, including critical repairs and accessibility modifications.
• Disaster Response Emergency response and recovery services for communities affected by disasters, including flood relief and rebuilding efforts such as French drains, soil remediation, basement waterproofing, and generator installation.
• ReStore Retail Operations Non-profit home improvement retail store selling new and gently used furniture, appliances, home decor and building materials at discounted prices. Proceeds directly support Habitat's mission. Yonkers location at 470 Nepperhan Ave with online shopping available.

Quantifiable outcome

• 2,600+ families served over 40 years with goal to serve 1,000 families annually
• +3 more outcomes

Named customers8 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered core.

• New York State Homes and Community RenewalcoreStrategic or Co-development Partner · 18 March 2026Government partner for Plus One ADU program providing up to $395,000 in financial and technical assistance to qualified homeowners through the ADU for You program.
• Restored Homes HDFCcoreStrategic or Co-development Partner · 18 March 2026Partner in Plus One ADU program administration providing technical assistance to Westchester County homeowners building accessory dwelling units.
• Genesis CompaniescoreStrategic or Co-development PartnerDevelopment partner for ANCP Morningside affordable homeownership project transforming three buildings in Central Harlem into 36 permanently affordable co-ops.
• Urban Homesteading Assistance Board (UHAB)coreStrategic or Co-development PartnerPartnership providing free technical assistance services to all Tenant Interim Lease Buildings alongside Habitat's Housing Preservation Program.
• Habitat for Humanity InternationalcoreStrategic or Co-development PartnerParent organization - Habitat NYC and Westchester is an independent affiliate since 1984, participating in tithe program funding international development programs.
• Kramer Levin Naftalis & Frankel LLPcoreImplementation/ SI/ Consulting PartnerPro bono legal services provider helping 2178 Atlantic Ave HDFC secure tax exemptions and navigate financing challenges.
• Brooklyn Law SchoolcoreImplementation/ SI/ Consulting PartnerPro bono legal services provider supporting Habitat's Housing Preservation Program for affordable co-ops.

Scale indicators7 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Selfhelp Community Services: NYC-based nonprofit providing affordable housing, senior services, and home care. Shares the NYC affordable housing development and senior support mission that Habitat NYC&WC executes through its Home Purchase and Aging in Place programs.
• Low Income Investment Fund (LIIF): National CDFI focused on financing affordable housing and community facilities for low-income communities. Directly comparable to Habitat NYC Community Fund's CDFI lending model, providing catalytic and acquisition financing to affordable housing developers.
• Neighborhood Housing Services of New York City: NYC nonprofit providing homebuyer education, foreclosure prevention, and affordable home repair services. Comparable as a community-based affordable housing nonprofit with overlapping program offerings, especially home repair and homebuyer support.
• Settlement Housing Fund: NYC nonprofit developing and preserving affordable housing for low- and moderate-income families since 1969. Comparable mission, NYC geography, and emphasis on preserving affordable co-op and rental housing through technical assistance and financing.
• Phipps Houses: NYC-based nonprofit affordable housing developer focused on new construction and preservation. Comparable as a mission-driven NYC developer building and preserving affordable housing with government partnerships.
• Asian Americans for Equality: NYC-based nonprofit affordable housing developer and CDFI serving immigrant and low-income communities. Directly comparable as a community-rooted NYC CDFI and affordable housing developer providing homeownership and small-business lending.
• Urban Homesteading Assistance Board (UHAB): NYC nonprofit providing technical assistance to HDFC co-ops and TIL buildings. Already a direct partner of Habitat NYC&WC for housing preservation, and a tight peer for the cooperative preservation and tenant ownership services offered.

Broad incumbents

• Habitat for Humanity International: Parent organization of Habitat NYC & Westchester and a global nonprofit affordable housing developer. Directly comparable as the umbrella affiliate network, sharing construction, volunteer, and homeownership models, though operating globally at far larger scale.
• Local Initiatives Support Corporation (LISC): National CDFI and community development intermediary financing affordable housing and neighborhood revitalization nationwide. Comparable as a large-scale nonprofit CDFI funding affordable housing development, with NYC and Westchester as key markets.
• Enterprise Community Partners: National nonprofit that develops and preserves affordable housing with affiliated CDFI (Enterprise Community Loan Fund). Operates a much broader portfolio but shares the affordable housing development + financing model that Habitat NYC&WC executes regionally.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/HabitatNYC_WC
• YouTubeyoutube.com/channel/UCVPetaaE2P9A-Mf60zj82iQ
• Facebookfacebook.com/Habitat.NYC.WC
• LinkedInlinkedin.com/company/habitat-for-humanity-nyc-wc
• Instagraminstagram.com/HabitatNYC_WC

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries2 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Habitat for Humanity New York City Community Fund