Help Is on the Way for Low-Income Co-op Buildings in NYC


Habitat for Humanity, best known for its work building houses, is now working to become a Community Development Financial Institution in New York. The city has a history of buildings owned as cooperatives. However, a specific type of municipal debt negatively impacts many of these buildings. Habitat for Humanity’s New York chapter is working to provide loans to help cooperative owners pay off this debt. It will help individuals, while also marking a turning point in what the large nonprofit provides as a service.

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