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HASTINGS-ON-HUDSON AFFORDABLE HOUSING DEVELOPMENT FUND COMPANY INC

HASTINGSONHUDSON, NY · EIN 134022639 · Form 990EZ · FY2023 · NTEE L20 · Housing & Shelter · Micro (<$100K) · hastingsaffordable.com
revenue
$7K
expenses
$6K
net assets
$34K
employees
mission · from form 990

THE HASTINGS AFFORDABLE HOUSING COMMITTEE IS COMPOSED OF RESIDENTS OF HASTINGS-ON-HUDSON.IT WAS CREATED IN 1990 BY THE VILLAGE BOARD AS AN ADVOCATE FOR AFFORDABLE HOUSING AND AS A VEHICLE FOR THE CREATION OF ACTUAL HOUSING UNITS. THE HASTINGS-ON-HUDSON AFFORDABLE HOUSING DEVELOPMENT FUND, A NON-PROFIT 501(C)3 CORPORATION, IS ABLE TO BUILD, ADMINISTER, AND REGULATE THOSE HOUSING UNITS, BOTH RENTAL AND OWNERSHIP, AND TO RECEIVE THE NECESSARY FUNDING SUPPORT FOR THESE PROJECTS. THE DEVELOPMENT FUND'S MEMBERS INCLUDE SOME OF THE MEMBERS OF THE COMMITTEE. THE FUND OBTAINS MONEY FOR LAND, DEVELOPMENT, AND BUILDING FROM A VARIETY OF SOURCES THROUGH NEW YORK STATE AND WESTCHESTER COUNTY.

profile · synthesized from sources

Hastings-on-Hudson Affordable Housing Development Fund Company Inc is a nonprofit 501(c)(3) created in 1990 to advocate for and develop affordable housing units in Hastings-on-Hudson, NY. It builds, administers, and regulates both rental and ownership units, often in partnership with local government and private developers. The organization focuses on preserving long-term affordability through 99-year restrictions and prioritizes local residents, including municipal workers and seniors.

named programs · 3 · from sources

What they call their work

Accessory Apartment Development
Supports creation of accessory apartments within single-family homes through zoning incentives and permitting; includes inspection, Planning Board approval, and 99-year affordability requirements
Rivertown Lofts
66-unit rental project on Route 9A with 12 affordable units and 54 market-rate units; developed in partnership with a private developer
Workforce Housing Initiative
Provides housing units for individuals earning up to 125% of the Westchester County median income, including municipal and school employees
activities · 3 groups

What they do

  • Housing Policy Advocacy & Tenant Organizing 1 activity
    • Advocacy for inclusionary zoning and workforce housing
      Advocated for and implemented a 2013 local law requiring new developments with eight or more units to include 15% fair and affordable housing, with up to one-third of those units designated as workforce housing for households earning up to 125% of the median income in Westchester County, and mandated widespread marketing to promote diversity.
  • Affordable Housing Development and Management 1 activity
    • Development and management of affordable housing units
      Builds, administers, and regulates affordable housing units for rental and ownership, including developing one- to three-bedroom units, accessory apartments, and larger multi-unit projects. Since 2018, the organization has proposed, approved, or constructed 2,089 affordable housing units, with 27 completed and occupied, 465 closed on or under construction, and 502 secured for approval.
  • Uncategorized 1 activity
    • Regulation and permitting of accessory apartments
      Administers a regulatory process for accessory apartments, including issuing permits through the Planning Board with public hearings, conducting physical inspections for compliance with building codes, managing a three-year renewal cycle, and requiring reapplication within 60 days of property ownership change.
financials · form 990EZ · fy2023
revenue
Total revenue$7K
Contributions & grants$7K100%
Program service revenue
Investment income
Other revenue
expenses
Total expenses$6K
Program expenses
Admin / overhead
Fundraising
Salaries & benefits
Grants paid out
balance sheet
Total assets$34K
Cash
Investments
Liabilities
Net assets$34K
3 years on record · 2021–2023 · YoY revenue -6.4%
leadership · form 990 part vii · fy2023

Who runs it

board members · 2
  • BOB LICHT — DIRECTOR
  • NICK FRASCONE — DIRECTOR
relationships · 12

Who they work with

  • Allied Community Enterprises Partner — Nonprofit organization collaborating on affordable housing solutions in Westchester County.
  • Building Inspector Government — Conducts physical inspections and determines compliance with codes during initial permitting and renewal processes.
  • Ginsburg Development Partner — Private developer that constructed the Rivertown Lofts project in collaboration with the Fund.
  • Housing Action Council Partner — Organization managing availability inquiries for the Rivertown Lofts affordable units.
  • Planning Board Government — Responsible for issuing permits, conducting public hearings, and making discretionary findings on accessory apartment applications.
  • U.S. Department of Housing and Urban Development Government — Follows HUD-set income limits and guidelines for affordable housing programs.
  • Village Board of Hastings-on-Hudson Government — Adopted legislation and local laws to support affordable housing development and long-term affordability.
  • Village Board of Hastings-on-Hudson Government — Established the Affordable Housing Committee in 1990 to advocate for and create affordable housing units.
  • Village Planning Board of Hastings-on-Hudson Government — Authorized to grant density bonuses and other modifications to support affordable housing projects.
  • Westchester County Government — Relies on Westchester County's area median income data and its HUD Exception Criteria status for setting local affordability standards.
  • Westchester County Department of Planning Government — Collaborates with the County Executive's office on affordable housing initiatives and development progress.
  • Westchester Not for Profit Housing Coalition Coalition — Coalition of nonprofit organizations working on affordable housing in Westchester County, including the target organization.
strategies · 4

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.