Governor Kathy Hochul announced on May 18 that the redevelopment of the former Lincoln Correctional Facility in Harlem has reached a major milestone, with $97.8 million in financing secured to transform the site into 105 affordable cooperative homeownership units. The project is led by Lemor Development Group, Infinite Horizons, L+M Development Partners, and Urbane Development Group.
The development aims to provide new pathways to affordable homeownership and long-term housing stability in Harlem. It will also include community space, sustainable design features, 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.”
The project is set to become New York City’s tallest fully affordable homeownership development meeting Passive House certification standards.
