Lower East Side Coalition Housing Development

What Lower East Side Coalition Housing Development does

Lower East Side Coalition Housing Development, Inc. (LEScoalition) is a 501(c)(3) nonprofit affordable-housing developer and property manager founded in 1968 and headquartered at 717 East 9th Street in New York City's Lower East Side. The organization's mission is to improve and stabilize quality of life for low-to-moderate-income residents of the Lower East Side through new construction and substantial rehabilitation of vacant housing stock, with community-based not-for-profit management of its portfolio. Since 1968, LEScoalition claims sponsorship or co-sponsorship of over 1,300 affordable rental and homeownership units; its directly identified core properties include Loisaida Family Houses (34 units on East 4th Street, housing formerly homeless families), Casa Victoria Housing for the Elderly (80 senior units opened 1997), and Doña Petra Santiago Apartments (57 senior units opened 2011), the last funded through a HUD 202 Capital Grant and HPD HOME funds. Day-to-day property management is handled through a wholly owned affiliate, Loisaida Enterprises Corporation, which manages tenant billing, vendor payments, maintenance, and regulatory compliance across the portfolio. The organization holds a New York State Neighborhood Preservation Company designation covering approximately 50 blocks and has received continuous funding from the NYS Division of Housing and Community Renewal since 1978.

Revenue is derived almost entirely from government contracts and tax-credit programs — including NYC Housing Preservation and Development, NYC Community Development Agency, NYC Child Development Agency, NYC Department for the Aging, NYS DHCR, HPD-LISC/Enterprise, New York Community Trust, the NYS Neighborhood Preservation Program, NYC Department of Business Services, LIHTC equity, and HUD 202 grants — supplemented by individual and organizational donations. Tenants are referred through NYC Human Resources Administration Tier I/II shelter programs, HPD partnerships, and a small set of local social-service agencies serving developmentally disabled and senior populations; pricing is not publicly disclosed and rents are set below market in accordance with program rules. The operating model is community-led and relationship-driven: LEScoalition co-founded the Lower East Side Latino Human Services Consortium with peer organizations (Roberto Clemente Family Guidance Center, Betances Family Health Services, Andrew Glover Youth Services, Action for Progress, Loisaida Inc., Pueblo Nuevo Development Corporation, CHARAS Community Center) and served as the original fiscal conduit for the Lower East Side Girls Club. Governance is provided by a five-member board (Chair Georgina Acevedo, Vice Chair Rikelmi Marte, Secretary Elizabeth Fernandez, Treasurer Kevin McAllister, Member Renee Epps), with Theresa Rivera serving as Executive Director and Luis Romero as Property Manager; core staff is reported at 1-10 employees.

Name

Lower East Side Coalition Housing Development

Legal name

Lower East Side Coalition Housing Development, Inc.

Website

https://lescoalition.org

Company type

Private

Founded year

1968

Operating status

Operating

Headcount range

1–10 employees

Short description

Lower East Side Coalition Housing Development (LEScoalition) is a 501(c)(3) nonprofit founded in 1968 that develops and manages affordable rental and senior housing in New York City's Lower East Side, serving low-to-moderate-income residents, formerly homeless families, seniors, and developmentally disabled clients through government-funded programs and community partnerships.

Ownership category

akta.pro rank

Product category

Affordable Housing Development

NAICS

Civic and Social Organizations (8134), New Multifamily Housing Construction (except For-Sale Builders) (236116)

SIC

Real Estate Operators (No Developers) & Lessors (6510)

akta.pro primary industry

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

akta.pro secondary industries

Residential Affordable Housing Development & Construction (IMAFABAI), Independent Living Community Development & Construction (Senior Housing Developers) (HLADAAAH), Affordable/Subsidized Independent Living (HUD/LIHTC) Communities (HLADAAAB), Community Development & Neighborhood Revitalization Housing Programs (FSALAKAO)

Keywords

• Affordable housing development
• Community housing management
• Nonprofit housing services
• Senior housing development
• Homeless family housing

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Others

Revenue model

1. Government Contracts and Funding: Revenue derived from government contracts and funding programs including NYC Housing Preservation and Development, NYC Community Development Agency, NYC Child Development Agency, NYC Department for the Aging, NYS Department of Housing and Community Renewal, HPD-LISC/Enterprise, New York Community Trust, NYS Neighborhood Preservation Program, and NYC Department of Business Services. Also receives Low Income Housing Tax Credit (LIHTC) awards and HUD 202 Capital Grant funding.
2. Donations: Accepts donations from individuals and organizations to support affordable housing initiatives and community programs.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Lower East Side Coalition Housing Development, Inc. (LEScoalition) is a 501(c)(3) nonprofit corporation that develops new affordable housing and rehabilitates vacant housing stock for low-to-moderate income residents in Manhattan's Lower East Side. The organization manages a portfolio of properties through its affiliate Loisaida Enterprises Corporation and has developed over 1,300 affordable rental and homeownership units since 1968, serving formerly homeless families, seniors, and developmentally disabled individuals.

Product overview

Lower East Side Coalition Housing Development, Inc. (LEScoalition) is a community-based 501(c)(3) corporation offering affordable housing development and property management services. The organization operates through its portfolio of residential properties including Loisaida Family Houses (34 units for formerly homeless families) and Doña Petra Santiago Apartments (57 units for seniors), supported by its affiliate Loisaida Enterprises Corporation for asset and property management. Since 1968, LEScoalition has developed over 1,300 affordable rental and homeownership units in New York's Lower East Side.

Differentiator

Problem solved

Functional benefit

Products and services

• Loisaida Family Houses A 3-building complex with 34 residential units and two community facility spaces located on East 4th Street between Avenues B and C in the Lower East Side. Provides permanent housing for formerly homeless families referred through NYC Human Resources Administration Tier I and II shelter programs and other local agencies.
• Doña Petra Santiago Apartments A 57-unit elevator building for seniors (62+) located at 717-723 East 9th Street in the Lower East Side. The 8-story building contains over 44,000 sq. ft. of living and recreational space, providing affordable senior housing with accessible design.
• Casa Victoria Housing for the Elderly An 80-unit affordable senior housing development in the Lower East Side providing new apartments for low-to-moderate income seniors (62+), in partnership with the NYC Department for the Aging.
• Loisaida Enterprises Corporation (Property Management Services) Affiliate entity of LEScoalition providing professional, community-based asset and property management services for the organization's housing portfolio. Handles day-to-day operations including tenant billing, vendor payments, maintenance, and regulatory compliance with government agencies.

Quantifiable outcome

• Over 1,300 affordable rental and homeownership units developed
• +2 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered core and minor.

• NYC Housing AuthoritycoreStrategic or Co-development PartnerCo-sponsored three projects: Mariana Bracetti, Campos Plaza, and Coalition Houses in partnership with HUD.
• NYC Department for the AgingminorStrategic or Co-development PartnerPartner for senior housing initiatives including Casa Victoria Housing for the Elderly.
• Lower East Side Latino Human Services ConsortiumcoreStrategic or Co-development PartnerLEScoalition was one of the founders; consortium includes Roberto Clemente Family Guidance Center, Betances Family Health Services, Andrew Glover Youth Services, Action for Progress, Loisaida Inc., Pueblo Nuevo Development Corporation, and CHARAS Community Center.
• Lower East Side Girls ClubminorStrategic or Co-development PartnerLEScoalition was the original fiscal conduit and provided office space for the Lower East Side Girls Club, the first Girls Club established in NYC.
• University SettlementminorStrategic or Co-development PartnerProvided support services for formerly homeless families at Loisaida Family Houses.

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Enterprise Community Partners: National nonprofit developer and funder of affordable housing using LIHTC and public-private partnerships. Directly comparable to LEScoalition in mission and use of LIHTC equity, though operating at much larger scale and national footprint.
• Urban Resource Institute (URI): NYC nonprofit providing affordable housing and social services for domestic violence survivors and vulnerable populations. Comparable service-enriched housing model and reliance on HPD/HUD funding streams.
• Housing Works: NYC nonprofit housing organization serving vulnerable populations including people with HIV/AIDS and formerly homeless individuals. Comparable community-led, service-enriched housing model.
• The Community Preservation Corporation (CPC): New York nonprofit affordable housing lender and developer partnering with community organizations. Comparable use of LIHTC, NYC HPD programs, and mission-driven multifamily development.
• Local Initiatives Support Corporation (LISC NYC): Community development financial institution supporting affordable housing and neighborhood revitalization. LISC is a named partner of LEScoalition (HPD-LISC/Enterprise) and operates with a comparable nonprofit, neighborhood-focused model.
• Win (Women in Need): NYC nonprofit providing shelter, supportive housing, and programs for homeless families and children. Overlaps with LEScoalition in providing permanent housing referrals for families exiting NYC shelter programs.
• Breaking Ground: New York supportive and affordable housing nonprofit serving formerly homeless and vulnerable populations. Directly comparable in serving formerly homeless families through permanent supportive housing.
• Project Renewal: New York nonprofit operating supportive and affordable housing programs for homeless and low-income individuals. Comparable in combining housing development with services for vulnerable populations.
• Habitat for Humanity New York City: NYC nonprofit developing affordable and homeownership housing for low-to-moderate income residents. Comparable community-based mission and reliance on public funding partnerships for housing production.

Broad incumbents

• Catholic Charities of the Archdiocese of New York: Large NYC nonprofit operating housing, senior services, and immigrant services across multiple programs. Broader in scope than LEScoalition but serves overlapping low-income populations with city/state contracts.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights7 records

Customer concentration

• Instagraminstagram.com/leschd
• Xx.com/LESCoalition
• LinkedInlinkedin.com/company/www-lescoalition-org

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

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 Lower East Side Coalition Housing Development