Affordable Housing Finance ranks The Doe Fund 33rd in the Nation
New York, NY — Affordable Housing Finance’s nationwide survey of top affordable housing providers, AHF 50, calculated housing production for 2019 among leading developers, including nonprofit and for-profit sponsors. The Doe Fund made this prestigious list for the first time, a testament to its rapidly expanding portfolio of permanent affordable and supportive housing for vulnerable New Yorkers: veterans, seniors, low-income families and people with disabilities, mental illness, and HIV/AIDS.
In the seven years between 1996 and 2003, the organization developed 162 units. Between 2012 and 2019, it created approximately 1,000 units in pre-development and under construction. In 2020, The Doe Fund anticipates closing four new construction supportive housing projects in New York City, totaling 438 units. Currently, The Doe Fund has developed over one million square feet of housing.
New York City’s notorious shortage of affordable housing is one of the largest barriers to economic independence. Without access to safe, stable housing, New York’s most vulnerable populations are at even greater risk of becoming homeless.
“Being recognized as one of the nation’s top affordable housing developers is the result of years of hard work and an unwavering commitment to giving the most vulnerable safe and stable places to call home,” said George McDonald, The Doe Fund’s Founder and President. “The Doe Fund’s rapidly expanding housing portfolio is part of a vitally-needed continuum of care we have provided to New Yorkers for three decades. Our buildings don’t just improve the quality of life for the families and individuals living in them, but also positively impact the surrounding communities.”
“Affordable Housing Finance congratulates The Doe Fund and the other nonprofit and for-profit organizations making its AHF 50 Developers list this year. The only list of its kind, the AHF 50 is based on the number of new affordable housing units started in 2019 and illustrates the critical work being done to provide affordable homes for low-income families, seniors, veterans, and people with special needs across the country,” said Donna Kimura, deputy editor of Affordable Housing Finance.