Governor Hochul Announces Major Milestone in Transformation of Former Lincoln Correctional Facility into $98 Million Affordable Homeownership Development in Harlem

Financing Closing Advances 105 Affordable Homes Across from Central Park

Project Will Become New York City's Tallest 100 Percent Affordable Homeownership Development to Meet Passive House Certification and Will Create New Community Space

Builds on Governor Hochul's Efforts To Build More Housing on Underutilized State-Owned Land

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Governor Kathy Hochul today announced that the redevelopment of the former Lincoln Correctional Facility in Harlem has reached a major milestone, with the development team closing on $97.8 million in financing to transform the long-vacant site into 105 affordable cooperative homeownership units. Led by Lemor Development Group, Infinite Horizons, L+M Development Partners and Urbane Development Group, the project will create new pathways to affordable homeownership and long-term housing stability in Harlem while delivering community space, sustainable design and new amenities across from Central Park.

"The transformation of the former Lincoln Correctional Facility into affordable homeownership opportunities reflects our commitment to creating more housing, expanding pathways to economic mobility, and investing in communities across New York State," Governor Hochul said. "This project will turn a long-vacant site in Harlem into permanently affordable homes for working households while delivering community space, sustainable design and new opportunities for generations of New Yorkers. By repurposing underutilized State property, we are helping more New Yorkers build equity and thrive in the communities of their choice."

Empire State Development President, CEO and Commissioner Hope Knight said, "The transformation of the former Lincoln Correctional Facility reflects New York State's commitment to reimagining underutilized sites as anchors for housing, opportunity and community growth. This project will deliver affordable homeownership in the heart of Harlem, support a 65 percent Minority-Owned Business Enterprise development team, and create a sustainable, mixed-use building that will serve residents and the surrounding community for generations."

Read the full press release here.