NYCEEC provided a $1,500,000 predevelopment loan to CB Emmanuel Realty to support Glenview Heights, a 312-unit, 100% affordable housing development in Buffalo, New York. The project is being co-developed by CB Emmanuel Realty, an experienced affordable housing developer, and Belmont Housing Resources for Western New York, a Buffalo-based nonprofit expanding access to affordable housing.

All 312 units will be affordable, serving households earning between 50% and 60% Area Median Income (AMI), and 47 units will be reserved for seniors. NYCEEC’s financing will fund key predevelopment activities, including architectural and engineering design, environmental review, and permitting. NYCEEC is the sole lender, providing critical early-stage capital to advance the project toward construction and permanent financing.

The development will include approximately 20,000 square feet of commercial space, a range of on-site amenities for residents, and plans for a separate community facility with childcare and afterschool programming.