Benefitting Lower-Income Communities
City Ventures Grant, Sixth Street Community CenterHoward Brandstein, Exec. Director 6th St. Center & Karen Ansis, Mgr City Ventures Fund
176 South 8th StreetA CVF grant underwrote renovations and fees for this low-income housing project in Williamsburg, Brooklyn.
New Destiny Housing CorporationCVF grants have been awarded to three New Destiny projects, all in Brooklyn.
345 Edgecombe Avenue345 Edgecombe Avenue is one of the last free-standing mansions in Manhattan. A CVF grant was used to toward its roof replacement.
703 East 156th StreetA CVF grant was used to build a new cornice for 703 East 156th Street, a low-income condo in the Bronx.
The Dorothy Day ApartmentsThe Conservancy's City Ventures Fund provided a grant of $50,000 for the fabrication and installation of a 225-linear-foot fiberglass cornice and $10,000 for restoration of the entrance portico.
The BelmontThis handsome corner property was constructed in 1903 with ornamental metal bays and rich masonry. It is a contributing building to the Stuyvesant North Historic District, a proposed expansion of the city and National Register-listed Stuyvesant Heights.
The City Ventures Fund works with nonprofit organizations to retain the period details of non-landmark but architecturally significant buildings being converted to affordable housing and other services that benefit lower income communities. Since 1986, the Fund has provided over $1.5 million in grants and loans, resulting in the creation of more than over 1,100 affordable apartments.
All City Ventures funding is accompanied by the project management services of the Conservancy staff, consulting architects, and engineers. They help define the scope of work and prioritize project components, identify appropriate contractors and craftspeople, and review contracts and bids. Importantly, this program endeavors to make publicly funded renovations of older building indistinguishable from market-rate projects.
Eligible organizations include non-profit housing corporations, community development organizations, social service agencies, homesteading groups, and mutual housing associations that are restoring historic buildings. The property does not need to be officially landmarked, only architecturally interesting.
City Ventures grants range from $5,000 to $30,000 and can be supplemented by low-interest loans from the Historic Properties Fund. Grants underwrite bricks-and-mortar components of building renovation projects and professional fees; priority is given to essential structural repairs and exterior work that have visual impact on the neighborhood.
Recent Projects & News
City Ventures Grant, Sixth Street Community Center
176 South 8th Street
New Destiny Housing Corporation
345 Edgecombe Avenue
703 East 156th Street
The Dorothy Day Apartments
277 Gates Avenue