Organization Name: Acacia Network, Inc.
Project Location: 409 East 120th Street, East Harlem, New York, NY
Acacia Gardens, located at 409 East 120th Street, is the Acacia Network’s flagship affordable development. It is a twelve-story 179-unit affordable housing development located at the northeast corner of East 120th Street and 1st Avenue in East Harlem. The building consists of 179 studio, one-, two-, and three-bedroom units and is affordable to households with incomes of 90% and 60% of AMI, and formerly homeless families. The project features amenities such as a large recreational outdoor deck with a children’s play area that is accessible to all residents, gym, community room, and laundry room, with 29 parking spaces on grade. Great detail has been paid to sustainability with the building achieving LEED Silver certification and featuring one of New York City’s largest solar roofs. Community Board #11 residents have been given a 50% preference. The project is sponsored by the East Harlem Council for Community Improvement, Inc. (EHCCI) and developed by The Promesa Housing Development Fund (PHDFC) and Acacia Network, Inc. Rents are restricted through the New York Housing Preservation and Development (HPD). Construction has been partially funded with Low Income Housing Tax Credit (LIHTC) equity.
-179 Units of entirely affordable housing, ensuring vital social services and permanent affordability are provided to East Harlem community.
-54 Ourspace units for formerly homeless families, in partnership with NYC HRA as referral agency.
-LEED Silver Green design, ensuring the highest industry standards of sustainability featuring one of NYC’s largest residential solar installations.
-Over 4,000 square feet of community space available for local, nonprofit organizations serving the East Harlem Community.
Acacia Network, New York’s largest Hispanic non-profit, aims to nurture sustainable access to affordable housing, health and human services that enable the communities which they serve to reach their maximum potential in order to further their commitment to partner with their communities, lead change, and promote healthy and prosperous individuals and families.
Magnusson Architecture and Planning PC – Architect
Lettire Construction Corp. – General Contractor
Goldstein Hall PLLC – Counsel