Ascendant Neighborhood Development

About Ascendant Neighborhood Development

Ascendant Neighborhood Development is a real estate operator. Ascendant Neighborhood Development operates in New York City, New York. Its investment focus is on Affordable Housing, LIHTC and Multifamily - Core.

Ascendant Neighborhood Development is a nonprofit real estate developer headquartered in East Harlem, New York. It was established in 1988. The organization owns and operates 28 residential buildings with a portfolio of 690 permanently-affordable rental apartments in Northern Manhattan, especially in East and Central Harlem. Their buildings vary in size from 4 to 94 units. Ascendant has transformed 22 vacant or underutilized buildings while also delivering five newly constructed buildings targeted to low-income or elderly populations. They also rehabilitated 21 properties (359 apartments) under their “Ascendant Heritage” preservation program, investing $34 million in renovations. Their current development pipeline will add 2,146 apartments — over 1,500 via new construction and the remainder through rehabilitation of existing structures. Ascendant focuses on affordable housing, preservation, historic rehabilitation, and energy-efficient sustainable housing in underserved urban neighborhoods.

Principals at Ascendant Neighborhood Development

Recent activity at Ascendant Neighborhood Development

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Ascendant Neighborhood Development's project portfolio

No projects on file for Ascendant Neighborhood Development yet.

Markets and themes

Markets Ascendant Neighborhood Development operates in

• New York City, New York

Investment themes at Ascendant Neighborhood Development

• Affordable Housing
• LIHTC
• Multifamily - Core
• Multifamily - Ground-up
• Multifamily - Value-Add
• Senior Housing
• Workforce Housing

Capabilities

• Economic Development
• Public-private partnerships
• Sustainability
• Technology-forward
• Urban infill

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Frequently asked questions about Ascendant Neighborhood Development

What does Ascendant Neighborhood Development do?

Ascendant Neighborhood Development is a nonprofit real estate developer headquartered in East Harlem, New York.

What markets does Ascendant Neighborhood Development operate in?

Ascendant Neighborhood Development is active in New York City, New York.

How many employees does Ascendant Neighborhood Development have?

Ascendant Neighborhood Development has 2–10 employees.