Acacia Network’s vision of healthy communities is deeply connected to high-quality, affordable housing. We meet the needs of our communities through a full continuum of housing programs, from transitional housing and homeless shelters, to supportive and affordable housing.
As of 2020, Acacia Network’s housing portfolio consists of 3,316 units of affordable housing for low or moderate-income individuals and families, 728 units of supportive housing serving individuals with medical and/or behavioral health chronic conditions, and 130 units of permanent housing for formerly homeless families & individuals.
Our tenants are part of the larger Acacia Network family and linked to our fully integrated healthcare, social services and community investment programs, including:
- Case Management
- Housing Placement
- Referrals for Community Based Services
- Education and Training Workshops
- Property Management
- Real estate Development
Development Strategy & Philosophy
Acacia Network’s affordable housing mission and strategy consist of developing and implementing an affordable and supportive housing capacity that will better enable the organization to enhance the continuum of services available to our clients and the communities we serve. We have a solid track record in the successful development of new construction and rehabilitation, led by our team of experienced staff and consultants, including architects, engineers, general contractors, sub-contractors, funding agencies, banks, tax credit syndicators, and others.
Acacia Network’s affordable housing activities are conducted through several affiliates and associates, including Promesa Housing Development Fund Corporation (“PHDFC”), South Bronx Community Management Company, Inc. (“SBCMC”), East Harlem Council for Community Improvement, Inc. (“EHCCI”), and Hunts Point/Concord Avenue HDFC (“HPHDFC”).
As of 2020, Acacia Network and its affiliates have developed or rehabilitated approximately 1,800 residential units, totaling over to $100 million in total development costs (TDC) across the Bronx and Manhattan. Projects currently under construction account for another 725 units, totaling over $70 million in TDC. Our pre-development projects account for close to 700 additional units and are projects where Acacia Network owns the land and is currently moving forward to create affordable housing developments. Incorporation of property and asset management tools such as Yardi Software allow our agency to efficiently maintain property accounting, tenant & lease tracking, budgeting & forecasting, among other crucial administrative and management tasks.
Over the past decades, Acacia Network has established strong relationships with many City, State and Federal agencies, such as the Department of Housing Preservation and Development (HPD), the US Department of Housing and Urban Development (HUD), NYS Department of Housing and Community Renewal (DHCR), NYS Housing Finance Agency (HFA), Department of Health and Mental Hygiene (DOHMH), New York City Council, Bronx and Manhattan Borough Presidents’ Offices, among others. Meanwhile, Acacia Network/Promesa HDFC Development Consultancy Partnerships include Forsyth Street Advisors, Rockabill Advisors, Atlas Consulting, Local Initiatives Support Corporation (LISC), Steven Winter Associates (SWA), Bright Power and Amy Larovere Consulting, among others. Finally, to further expand the affordable housing stock throughout New York City and beyond, Acacia Network continues to actively pursue joint ventures and strategic partnerships with nonprofit and for-profit development partners.