Ascendant Neighborhood Development
2–10 employees 1 principals
Last updated by Kathlene
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
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