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Economic Development Initiatives

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Economic Development Initiatives

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Housing Development Initiatives

The African American Planning Commission is a socially-conscious 501(c)(3) not-for-profit organization with expertise in the development of affordable and supportive housing.  In response to a pressing need for permanent, stable and affordable housing for all New Yorkers, AAPC created an affiliated affordable housing development corporation called AAPC Housing Ventures, Inc.

Securing appropriate, affordable housing is a challenge for many New Yorkers. With a vacancy rate of less than 3% in the rental housing market, suitable housing in New York City is at best a scarce commodity.  For low-income and disabled households, the search for housing presents almost insurmountable challenges that result in overcrowded households, record levels of homelessness, neighborhoods segregated by income, and growing numbers of tenants living in unsafe and unsanitary conditions because of an inability to afford anything better.

AAPC Housing Ventures, Inc. envisions vital neighborhoods where safe, decent and affordable housing plays a critical role in the long-term economic and social success of low-income individuals and families. Our mission in this realm is to build high quality affordable housing for low- and middle-income New Yorkers, including those with disabilities, and other special needs. We believe that well-designed, well-thought out, and well-built affordable housing helps revitalize neighborhoods and provides a better quality of life for all New Yorkers.

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Affordable Housing Defined

“The generally accepted definition of affordability* is for a household to pay no more than 30 percent of its annual income on housing. Families who pay more than 30 percent of their income for housing are considered cost burdened and may have difficulty affording necessities such as food, clothing, transportation and medical care.”

*affordable to households earning no more than 50 percent of AMI (area median income)

Affordable Housing Affordable Housing Solutions

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Since 2005, AAPC has been addressing the City’s housing crisis by advocating for the development of affordable and supportive housing within our continuum of care strategy. Today our permanent housing portfolio includes affordable rental units and permanent supportive housing.

AAPC Housing Ventures, Inc. works in partnership with prominent national organizations, local housing developers, private investors, community-based agencies, City and State government agencies to develop safe, high-quality, affordable housing.

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