New York officials say the former Lincoln Correctional Facility redevelopment in Harlem has closed on $97.8 million in financing, advancing plans for 105 affordable cooperative homeownership units and community space.
New York officials say the former Lincoln Correctional Facility redevelopment in Harlem has closed on $97.8 million in financing, a milestone that moves the long-planned project closer to construction.
Governor Kathy Hochul announced the financing close on May 18, 2026. The project is planned for 31-33 West 110th Street and would replace the former correctional facility with 105 permanently affordable cooperative homeownership units and community space.
The development team includes Lemor Development Group, Infinite Horizons, L+M Development Partners and Urbane Development Group. State officials have described the project as all-electric and passive-house certified.
Empire State Development says the site was selected through a competitive process in 2023. The agency also says the redevelopment will provide permanently affordable homeownership units along with community facility space.
The financing close follows an earlier state funding approval reported in February that helped advance the project. The new close is the latest confirmed milestone for a development that has been in the pipeline for years.
Construction timing, final pricing and exact income eligibility bands were not confirmed in the sources reviewed.
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