AAFE has earned a nationwide reputation in the past four decades for innovating solutions to the affordable housing crisis. The organization’s first project, Equality House in Manhattan’s Chinatown, became the first development in New York City to use the Federal Low-Income Housing Tax Credit. Over the years, we have created 800 units of affordable housing in Manhattan, Queens and Brooklyn.
Through the Lower Manhattan Affordable Housing Preservation Program, AAFE has acquired and rehabilitated dilapidated buildings, helping to stem the tide of gentrification and to stabilize communities.
In Flushing, Queens AAFE is partnering with Monadnock Development and HANAC to build One Flushing, a 231-unit affordable housing project with space for small retailers and community facilities.
Recent Stories
Grant From Enterprise Community Partners Bolsters AAFE’s Pandemic Resilient Housing Prototype
AAFE is one of 10 nonprofit organizations in New York State to receive recognition and crucial support through the Call for Ideas Program, a project of Enterprise Community Partners. Enterprise is providing $2.9 million in grants to help actualize innovative ideas for...
One Flushing Wins “Excellence in Affordable Housing Development” Award
On November 2, 2020 Urban Land Institute (ULI) New York honored One Flushing, which AAFE co-developed with Monadnock Development and HANAC, with its Excellence in Affordable Housing Development Award. The winners were announced at ULI's Awards for Excellence in...
AAFE’s “East Village Homes” Reaches Full 14-Story Height
AAFE reached a milestone at its new 100% affordable project in the East Village, topping off the building at its full 14-story height. The rental tower at 302 East 2nd St., known as East Village Homes, is on its way to completion next year, providing critically needed...
