What Catholic Homes New York does

Catholic Homes New York is a nonprofit affordable housing developer that operates as an agency of Catholic Charities of the Archdiocese of New York. Founded in the 1970s and headquartered at 488 Madison Avenue, New York, the organization develops and preserves safe, affordable housing for low-income families, seniors, and — more recently — supportive housing populations across New York City and Yonkers. Its current portfolio comprises 20 named housing developments totaling roughly 3,977 units (with cumulative development exceeding 2,000 units since the 1970s), including large family complexes such as Grand Street (600 units), West Farms (526 units), Haven Plaza (371 units), Clinton Broome (400 units), and St. Joseph (287 units), alongside senior housing properties such as St. Vincent de Paul, Woodstock Manor, Carmel Apartments, and Pope John Paul II, and the LEED-certified St. Augustine Terrace supportive housing development (2019) delivered jointly with Beacon of Hope.

The organization operates an asset-light, partnership-driven development model rather than a technology or product platform. Its core technology is a WordPress-hosted property information system with no public API, SDK, or third-party integrations; housing allocation is conducted through NYC Housing Connect's lottery system, with referrals routed through the Catholic Charities agency network and Archdiocese parish channels. Projects are built on church-owned and affiliate-owned land supplied through the Archdiocese of New York and its affiliates, including the Association of New York Catholic Homes (ANYCH) and the New York Institute for Human Development (IHD).

The revenue model combines three streams: (1) rental income from occupied affordable units across the portfolio, (2) federal grants — most prominently the FY 2024 Capital Magnet Fund (CMF) award from the U.S. Department of the Treasury's CDFI Fund, part of a $246.4M federal initiative requiring a 10:1 leverage ratio and projected to drive over $6.8B in private investment nationally — and (3) charitable donations accepted via the Archdiocese of New York's donation system. Pricing to tenants is governed by affordable-housing eligibility requirements rather than market rates; unit allocation occurs via NYC Housing Connect lottery. Catholic Homes' competitive position rests on Archdiocese-affiliated land access, multi-decade institutional relationships, mission alignment with Catholic social teaching, and demonstrated capacity to secure highly selective federal funding.

Name

Catholic Homes New York

Legal name

Catholic Homes New York

Website

https://catholichomesny.org

Company type

Private

Founded year

1970

Operating status

Operating

Headcount range

1–10 employees

Short description

Catholic Homes New York is a nonprofit affordable housing developer and agency of Catholic Charities of the Archdiocese of New York. It develops and preserves safe, affordable rental housing for low-income families, seniors, and supportive-housing populations across NYC and Yonkers.

Ownership category

akta.pro rank

Product category

Affordable Housing Development

NAICS

Residential Building Construction (23611), Continuing Care Retirement Communities and Assisted Living Facilities for the Elderly (62331), Other Residential Care Facilities (623990)

SIC

Operators Of Apartment Buildings (6513), Services-To Dwellings & Other Buildings (7340)

akta.pro primary industry

Affordable/Subsidized Independent Living (HUD/LIHTC) Communities (HLADAAAB)

akta.pro secondary industries

Independent Living Community Development & Construction (Senior Housing Developers) (HLADAAAH), Public & Affordable Housing Programs (Subsidies, Vouchers, Public Housing) (BPAIANAA), Senior Living & Assisted Living Facility Construction (IMAFACAJ)

Keywords

• Affordable housing development
• Senior housing
• Supportive housing
• Low-income housing
• Nonprofit 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, Infrastructure, Operations, Marketing or Sales, Others

Revenue model

1. Government Grants and Awards: Receives federal funding through programs such as the Capital Magnet Fund (CMF) from the U.S. Department of the Treasury's CDFI Fund. The CMF award serves as essential working capital for predevelopment costs in transforming properties into affordable housing.
2. Rental Income: Operates affordable housing properties generating rental income from tenants. Properties include family housing, senior housing, and supportive housing units across the Archdiocese of New York.
3. Donations: Accepts charitable donations through the Archdiocese of New York's donation system to support affordable housing development and preservation.

Distribution channels2 records

Marketing channels4 records

Core offering

Catholic Homes New York develops, preserves, and operates affordable housing for low-income families, seniors, and supportive populations throughout the Archdiocese of New York. The organization maintains a portfolio of family housing, senior housing, and supportive housing units allocated through the NYC Housing Connect lottery system. Since the 1970s it has developed more than 2,000 units and continues to add new projects on church-owned and affiliate-owned sites.

Product overview

Catholic Homes New York is an affordable housing development organization that operates as a portfolio of housing developments rather than a technology product. The organization develops and manages safe, affordable housing for families, seniors, and individuals with supportive needs throughout the Archdiocese of New York. The portfolio includes 20 distinct housing developments across New York City (Manhattan, Bronx, Staten Island) and Yonkers, NY, ranging from supportive housing for individuals with special needs to family housing and senior housing. Key properties include Haven Plaza (371 units, Manhattan), Grand Street (600 units, Manhattan), West Farms (526 units, Bronx), St. Joseph (287 units, Bronx), Clinton Broome (400 units, Manhattan), St. Augustine Terrace (112 units, Bronx - LEED certified), and various senior housing properties. The organization operates in partnership with the Association of New York Catholic Homes, New York Institute for Human Development, the Archdiocese of New York, and Catholic Charities of New York.

Differentiator

Problem solved

Functional benefit

Products and services

• Haven Plaza A 371-unit affordable housing complex at 200 Avenue C on the Lower East Side of Manhattan, providing housing for families and seniors with recently renovated plaza gardens and lobbies.
• St. Augustine Terrace A 112-unit development (35 supportive housing and 77 affordable family housing units) at 1180 Fulton Avenue in the Bronx Morrisania neighborhood, with a 14-story stepped structure, LEED certification, and Enterprise Green Communities compliance. Supportive housing residents receive on-site services for treatment and recovery from mental illness.
• St. Vincent de Paul An 89-unit senior housing development at 909 Beck Street in the Bronx Morrisania neighborhood, completed in 2020.
• Clinton Broome A 400-unit housing development at 157 and 165 Broome Street on the Lower East Side of Manhattan.
• St. Joseph A 287-unit housing development at 1949 Bathgate Avenue and 1940 Washington Avenue in the Bronx Bathgate neighborhood.
• St. Philip Neri A 186-unit family and senior housing development at 3054 and 3069 Villa Avenue in the Bedford Park neighborhood of the Bronx, completed in 2023.
• Our Lady of Pity A 205-unit housing development at 289 E. 150th Street and 276 E. 151st Street in the Melrose neighborhood of the Bronx.
• West Farms A 526-unit family housing development at 1 West Farms Square in the West Farms neighborhood of the Bronx.
• George Hardy A 108-unit family housing development at 440 East 137th Street in the South Bronx.
• St. Francis A 96-unit family housing development at 367 Brooke Avenue in the Bedford Park neighborhood of the Bronx.
• Our Lady of Mercy Manor A 54-unit senior housing development at 644 East 232nd Street in the Wakefield neighborhood of the Bronx.
• Monsignor Fiorentino A 58-unit senior housing development at 1830 Amethyst Street in the Van Nest neighborhood of the Bronx.
• Woodstock Manor A 60-unit senior housing development at 755 Palisade Avenue in Yonkers, NY.
• Carmel Apartments A 100-unit senior housing development at 61 Carmel Court in Staten Island's Old Town neighborhood.
• Christopher Court A 160-unit family housing development at 599, 601, and 603 Morris Avenue in the Bronx.
• Pope John Paul II A 69-unit senior housing development at 200 West 141st Street in Central Harlem, Manhattan (Southwest 141 Street HDFC).
• Second Farms A 319-unit family housing development at 1932 Bryant Avenue in the West Farms neighborhood of the Bronx, under construction with occupancy planned for 2020.
• Grand Street A 600-unit family housing development at 410 Grand Street on the Lower East Side of Manhattan.
• Our Lady of Mercy Senior Housing A 51-unit senior housing development at 4168 Carpenter Avenue in the Bronx.
• St. Anselm A 126-unit family housing development at 799 East 152nd Street in the Mott Haven neighborhood of the Bronx.

Segments4 records

Ideal customer profiles3 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 support.

• Association of New York Catholic Homes (ANYCH)coreStrategic or Co-development PartnerStrategic partnership with the Association of New York Catholic Homes to preserve existing affordable housing and develop new affordable units throughout the Archdiocese.
• New York Institute for Human DevelopmentcoreStrategic or Co-development PartnerAffiliate partnership with the New York Institute for Human Development, working together on affordable housing development and community facility projects. Selected jointly for the FY 2024 Capital Magnet Fund award.
• Archdiocese of New YorkcoreStrategic or Co-development PartnerCollaboration with the Archdiocese of New York to develop affordable housing on church and affiliate owned sites, continuing the Church's historical commitment to housing for immigrants, the vulnerable, families, elderly and the poor.
• Catholic Charities of New YorkcoreStrategic or Co-development PartnerAn agency of Catholic Charities of the Archdiocese of New York, Catholic Homes operates as the housing development initiative of Catholic Charities, creating new affordable homes and preserving existing units.
• Beacon of Hope Division of Catholic Charities Community ServicessupportStrategic or Co-development PartnerSupportive services provider for St. Augustine Terrace's special needs units, offering continuum of services for treatment and recovery from mental illness.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Enterprise Community Partners: National nonprofit affordable housing developer and CDFI that develops and preserves affordable housing across the U.S., including major NYC activity. Comparable mission, federal funding access (including CDFI/CMF), and LIHTC-driven development model.
• The Related Companies: One of the largest U.S. developers of affordable and mixed-income housing, with substantial NYC portfolio including senior and supportive housing. Comparable in serving the same low-income and senior tenant base in NYC, but at significantly larger scale.
• NYCHA (New York City Housing Authority): The largest public housing authority in North America, operating 162,000+ affordable apartments across NYC. Comparable to Catholic Homes as a major provider of affordable housing for low-income families and seniors in the same geography, though NYCHA is a government entity operating public housing at vastly larger scale.

Direct peers

• Breaking Ground: NYC nonprofit that develops and operates supportive housing for formerly homeless and special-needs populations — directly comparable to the supportive housing portion of Catholic Homes' portfolio (e.g., St. Augustine Terrace). Similar funding sources including NYC 15/15 and ESSHI.
• RiseBoro Community Partnership: Brooklyn-based nonprofit affordable housing developer with a portfolio of family, senior, and supportive housing. Comparable in mission, tenant segments, and reliance on NYC HPD/HCR financing programs.
• Habitat for Humanity New York City: Faith-inspired nonprofit affordable housing developer serving low-income NYC families. Comparable in faith-based mission, family-housing focus, and volunteer/donation-driven funding model, though oriented toward homeownership rather than multifamily rental.
• L+M Development Partners: NYC-based affordable and mixed-income housing developer with a portfolio of thousands of units in the same boroughs Catholic Homes operates in. Comparable business model of LIHTC-financed multifamily affordable development serving families and seniors.
• Phipps Houses: NYC nonprofit affordable housing developer operating thousands of units across the Bronx, Manhattan, and Westchester. Closely comparable in geography, tenant base, and reliance on LIHTC and government financing.
• West Side Federation for Senior and Supportive Housing: NYC nonprofit developer and operator of senior and supportive housing with properties across Manhattan and the Bronx. Comparable portfolio composition, supportive services integration, and reliance on government supportive housing funding.
• Selfhelp Community Services: NYC-based nonprofit operating affordable housing for seniors, Holocaust survivors, and special-needs populations. Comparable senior housing portfolio, supportive services model, and dependence on government and philanthropic funding.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/catholic-homes-new-york

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

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 Catholic Homes New York