Helping Hands Ministry

Kingdom Community Housing.

A Limited Equity Cooperative Housing Development Fund Corporation.

Limited Equity Cooperatives facilitate income-restricted ownership, for NYC low-to-moderate income households, breaking the cycle of perpetual renting, building generational wealth.

Affordable housing in New York City typically refers to rentals. 

Kingdom affordable Home ownership program.

The Kingdom Limited Equity Cooperatives program aims to help New Yorkers become homeowners in sustainable & affordable homes.

The Kingdom Limited Equity Cooperatives.

NYC’s fate depends on whether the city can increase its housing supply.  New York City is experiencing its worst housing affordability crisis in a century. At a time of record high rents and a chronic shortage of affordable housing across the city.

The median New York renter spent 41% of their gross income on rent last year.

HDFCs were formed under various state regulations, including private housing finance laws, and they have regulatory agreements that vary depending on the building. 

This strategy for converting existing rent-stabilized apartment buildings in New York City into affordable income-restricted Limited Equity cooperatives creates sustainable and affordable homeownership opportunities for low-to-moderate income residents of New York City by strategically converting rent-stabilized buildings into income-restricted condominiums or cooperatives.

This program exists with at least 1,100 buildings regulated as limited-equity cooperatives set up as Housing Development Fund Corporations.

They have strict income caps for buyers, are priced below the market rate, and are an appealing option for low- and middle-income New Yorkers. 

Real Impact. Real Change.

TRANSFORMATIVE COMMUNITY HOUSING SOLUTIONS.

The Kingdom Homeless to Homes™ program is a housing continuum.

Neighbor Helping Neighbor.

Brooklyn, NY.