Affordable Housing Redevelopment in Harlem Secures $98M in Financing

• Developers secured $97.8 million in financing for the redevelopment of the former Lincoln Correctional Facility in Harlem.
• The project will create 105 affordable cooperative homeownership units at 31-33 West 110th Street.
• Lemor Development Group, Infinite Horizons, L+M Development Partners, and Urbane Development Group are leading the redevelopment.

What the Harlem Redevelopment Project Includes

A major affordable housing redevelopment is moving forward in Harlem after developers secured nearly $98 million in financing for the transformation of the former Lincoln Correctional Facility into cooperative housing. The project at 31-33 West 110th Street will redevelop the long-vacant state-owned property into a 22-story residential building containing 105 affordable cooperative homeownership units. The development team includes Lemor Development Group, Infinite Horizons, L+M Development Partners, and Urbane Development Group. Located along Central Park North between Fifth Avenue and Lenox Avenue, the project is expected to become the tallest affordable housing development in New York City, designed to meet Passive House certification standards.

What the Design and Housing Plan Includes

Plans call for the adaptive reuse of the existing eight-story correctional facility, along with the construction of 14 additional floors above the structure. Renderings show a redesigned façade with updated windows, landscaped terraces, and a rooftop pavilion integrated into the new tower addition. The cooperative apartments will be reserved for households earning between 40 percent and 100 percent of the area median income, creating affordable homeownership opportunities in one of Manhattan’s most competitive housing markets. Amenities will include coworking areas, outdoor terraces, a children’s playroom, and community gathering spaces overlooking Central Park. The building will also include approximately 6,000 square feet dedicated to arts, educational, and cultural programming.

What Makes the Development Significant

The project is designed as an all-electric building and will incorporate energy-efficient systems and resiliency measures intended to reduce long-term emissions and operating costs. Developers are targeting Passive House certification, one of the industry’s highest standards for energy efficiency and sustainable building performance. The adaptive reuse of the former correctional facility also reflects a growing trend across New York, where outdated institutional buildings are being repositioned into housing and community-focused developments.

What Officials Say About the Project

Kathy Hochul said the redevelopment represents a broader effort to expand affordable housing and economic opportunity across New York State. Officials say the project will transform a long-vacant property into permanently affordable homeownership opportunities while also creating new community-serving spaces within Harlem.

What the Project Could Mean for Harlem

The redevelopment could become one of Harlem’s most significant affordable homeownership projects in recent years while helping preserve long-term affordability near Central Park North. As New York continues facing severe housing shortages and affordability challenges, projects combining adaptive reuse, sustainability, and affordable ownership opportunities are becoming increasingly important within the city’s broader housing strategy.