2024-11-15T09:47:58-08:00 2023-12-31 261726741 WatsonRice LLP 31 West 34th Street 7006 New York NY 10001 990 2023-01-01 824363742 CLT Interboro CLT Housing Development Fund Corporation CLTI 6462375920 60 Broad St 24 FL Bond Collective 2 New York NY 10004 Christie Peale Board Chair 2024-11-15 true true Baruti Bediako CPA P00740658 2124477300 2023 2024-10-15 13:58:12Z X Christie Peale 60 Broad St 24 FL Bond Collective 2 New York NY 10004 161810 false X https://www.interboroclt.org/ X 2018 NY The Corporation is formed exclusively for the purpose of developing and supporting one or more housing projects to service Persons of Low Income, through its ownership and stewardship of the land beneath rental subprojects and homeownership subprojects. 4 4 0 4 0 311735 160850 0 0 960 311735 161810 0 0 89322 0 0 0 222336 244409 311658 244409 77 -82599 1382252 1372609 49581 80525 1332671 1292084 Interboro CLT offers a new model for affordable homeownership in NYC. Interboro is the first, and only, citywide community land trust (CLT) in New York City. Our mission is to create and preserve permanently affordable homeownership opportunities for lower-income New Yorkers. Our pipeline and our future community includes limited-equity co-ops and single-family homes located in low-moderate income census tracts, primarily in the boroughs of Brooklyn, Queens, and The Bronx. The homes in our pipeline and our community will benefit those who would otherwise not have the opportunity to become homeowners, creating a pathway to financial stability for families while preserving economic and racial diversity in spite of gentrification. Interboro CLT is a collaboration between the Center for NYC Neighborhoods, Habitat for Humanity New York City, the Mutual Housing Association of New York, and the Urban Homesteading Assistance Board. false false 157533 2023 saw considerable progress on the permanently-affordable homeownership projects in Interboros pipeline. Low- and moderate-income New Yorkers had the chance through the NYC Housing Lottery to apply to purchase Habitat For Humanity NYC and Westchester Countys 15 new-construction, energy-efficient Net Zero Homes, which will go on the CLT. We held a series of informational webinars for those applicants. In addition, Habitats Mosaic project, which will create 42 co-op units that will go on the CLT, went to construction-finance closing. Interboro also developed a CLT training curriculum for the shareholders in limited-equity housing co-ops that will join the CLT. We delivered technical assistance to emerging local CLTs. We also provided critical support to the passage of the Housing Affordability and Energy Efficiency Act of 2023. This state law gives new lending authorities to the NYC Dept. of Housing Preservation and Development, which in turn expands financing resources for CLTs in NYC. Across 2023, we are proud of how our work not only supported but advanced the cause of permanently-affordable housing in New York. 157533 true true false false false false false false false false true false true false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 6 0 true 0 false false false false false false false 0 false false false false false false false X 4 4 false false false false false false false true true false false true true true false true false false false false NY X Sean Berry 2129012426 115 Broadway 19th Floor New York NY 10006 X Christie Peale Board Chair 3.00 0.00 X X 0 0 0 Matthew Dunbar Vice Chair 1.00 0.00 X X 0 0 0 Margy Brown Treasurer 1.00 0.00 X X 0 0 0 Ismene Speliotis Secretary 2.00 0.00 X X 0 0 0 0 false false false 0 160850 160850 0 0 0 0 0 0 0 0 0 Other Income 900099 960 960 960 161810 960 0 0 0 0 0 0 0 0 0 0 0 41464 932 40532 44600 44600 0 0 0 0 0 2151 407 1744 0 0 0 0 0 0 0 0 0 5072 5072 Program Expense 151122 151122 0 244409 157533 86876 0 0 0 0 654515 644866 0 0 0 0 1737 1743 226000 226000 226000 0 0 500000 500000 0 0 1382252 1372609 49581 79815 710 49581 80525 X 226000 271194 1106671 1020890 1332671 1292084 1382252 1372609 X -82599 40532 1480 X false false false X 200000 1115000 311735 160850 1787585 0 0 0 0 200000 1115000 311735 160850 1787585 200000 50850 250850 0 200000 50850 250850 1536735 0 0 0 960 960 200000 1115000 311735 161810 1788545 0.85920 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 226000 226000 226000 500000 Other Liabilities 710 710 Form 990, Part VI, Section B, Line 11b The board members receive a final version of the tax return for review prior to the filing date. Form 990, Part VI, Section C, Line 19 The governing documents and financial statements are available to the public upon request. Form 990, Part XI, Line 9 Prior Period Adjustment = $1480