On Dec. 6 and 7, 2018 a group of elected officials and nonprofit leaders from the Bay Area visited New York City for a learning session on affordable housing strategies. As part of their educational mission, AAFE Co-Executive Director Thomas Yu led the delegation on a walking tour of Chinatown in Manhattan, illustrating how our organization has created and preserved more than 800 apartments throughout the city.
Enterprise Community Partners has been working with the Committee to House the Bay Area (CASA) to find a way out of an acute affordable housing crisis. Enterprise co-hosted the two-day event with the Metropolitan Transportation Commission (MTC) and The San Francisco Foundation (TSFF).
AAFE, in partnership with Enterprise, pioneered the use of low-income housing tax credits in the 1980s to develop our first affordable buildings in Chinatown. The concept has been widely emulated both in New York City and across the country. Later, in the aftermath of 9/11, we worked with the city to renovate and preserve buildings in Lower Manhattan under the Chinatown/Lower East Side Acquisition Program. AAFE also was the first nonprofit to successfully use the city’s Affordable Neighborhood Cooperative Program (ANCP) to create a low-income co-op.
You can learn more about the learning session on Enterprise’s website.
We were pleased to host the delegation, including Oakland Mayor Libby Schaaf, and are looking forward to hearing more about the Bay Area’s plans for building and preserving affordable housing.