RESEARCH & STORIES

Representative Hakeem Jeffries visited Brooklyn on Tuesday to announce a $1.4 million investment in Interboro Community Land Trust (Interboro CLT) to build up to 100 permanently affordable co-op units for lower-income New Yorkers in East New York and Bedford Stuyvesant.
This federal investment provides a path for long-standing community members to push back against rapid gentrification, a challenge Leader Jeffries recognized in his remarks:
“All of these issues — public health, public education, public safety — are incredibly important. But if people get pushed out of the only neighborhoods that they’ve ever called home. What is it all for? You’re actually fighting not for the people that you represent if you allow the gentrification steamroller to continue to roll over them. And that’s why the work that [Interboro CLT does] in the context of affordable homeownership is so critical, so central, so important.”
Interboro CLT is a collaboration between the Center, Habitat for Humanity New York City, Mutual Housing Association of New York, and the Urban Homesteading Assistance Board. Center CEO Christie Peale is the Interboro’s board chair.
We’re grateful for Leader Jeffries’ investment in stabilizing long-standing communities, and look forward to growing an ongoing partnership that will help more families achieve their share of the American Dream.
Read more in the press release from Leader Jeffries’ office.
You’ll see more updates about Interboro CLT in the near future. Meanwhile, visit Interboro’s page to learn more about the coalition’s work and impact.
By: Center for New York City Neighborhoods
Feb 21, 2025
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