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ANCHOR (Alliance for Neighborhood Commerce, Homeownership and Revitalization)

Program (?) ANCHOR (Alliance for Neighborhood Commerce, Homeownership and Revitalization)
Abbreviation ANCHOR
Program Description

The ANCHOR Program is a neighborhood revitalization initiative that has created over 300,000 square feet of new commercial/retail space and over 1,000 units of middle-income housing on vacant city-owned land. ANCHOR uses a combination of Federal, State, City, and private funds to finance new retail space along targeted commercial corridors.

HPD works with commercial banks, developers, and community-based organizations to sell and redevelop vacant city-owned land, attract commercial businesses, and create employment opportunities in underserved areas. The ANCHOR Program includes several commercial corridors/sites that can accommodate commercial/retail or mixed-use buildings. These include: Bronx Community District 1, 3, and 6; Brooklyn Community Districts 3, 4, 13, and 16; and Manhattan Community District 10.

Benefit Classification (?)  
Supply or Demand Supply
One-Time or Ongoing One-Time
Benefit Type (?) Financing, Property
Government Agency (?) NYC Dept of Housing Preservation and Development
Program Information (?)  
Scale Medium Scale (between 1,000 and 4,999 units produced)
Timeframe Not Available-
Developer/Owners (?) For-Profit, Non-Profit, Government
Property Information (?)  
Property Occupancy Vacant
Property Type Land, City-Owned
Building Type Multi-family
Construction Type New Construction
Occupant Tenure (?) Rental
Occupant Income Restrictions (?) No Restrictions
Other Targeting Information (?)

Geographic Restrictions

More Information NYC HPD
Available on CoreData.nyc? No

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