Trinity Church NYC and Settlement Housing Fund Announce Plans to Develop 120 Affordable Apartments at 50–58 Cliff Street in Lower Manhattan
New York, NY — Trinity Church, an Episcopal parish in NYC, and Settlement Housing Fund, a leading nonprofit affordable housing developer, today announced plans to develop a new 120-unit affordable housing community at 50–58 Cliff Street in Lower Manhattan. The project will transform the site into a vibrant residential building that provides much-needed affordable homes for New Yorkers.
The building will be constructed on land owned by Trinity Church adjacent to St. Margaret’s House, a 249-unit affordable senior housing residence founded by Trinity in 1981. The new development will offer approximately 120 permanently affordable apartments for low-income households, including units set aside for formerly homeless individuals and families. The building will feature high-quality, sustainable design and community-oriented amenities such as outdoor use spaces, a food-focused learning space, and flexible spaces for events, workshops, and community programming. Trinity selected Settlement Housing Fund as the developer through a competitive proposal process that prioritized 100% affordable housing to address the affordable housing shortage in the community. Trinity will maintain ownership of the land though a 99-year lease.
“Over forty years ago, Trinity Church demonstrated its commitment to housing stability by developing St. Margaret’s House, which continues to provide affordable homes for seniors in Lower Manhattan,” said Thehbia Hiwot, Managing Director of Housing and Homelessness at Trinity Church. “Today, we are building on that legacy through our Housing and Homelessness grantmaking and our partnership with Settlement Housing Fund on this new development. Settlement Housing Fund is a trusted affordable housing developer and social service provider, and together we reflect our deep belief that every New Yorker deserves a safe, affordable place to call home.”
“Affordable housing opportunities in Lower Manhattan are rare, and we are proud to bring new, deeply affordable homes to this thriving neighborhood,” said Judy Herbstman, President of Settlement Housing Fund. “We are grateful to partner with Trinity Church on our shared goal to break the cycle of housing insecurity. This project reflects our mission to create inclusive, sustainable communities where New Yorkers of all backgrounds can achieve housing stability and thrive.”
Designed by Dattner, the development at 50–58 Cliff Street is expected to advance the City’s goals for equitable neighborhood growth, supporting residents with access to transit, employment, and community resources.
About Trinity Church
Trinity Church is an Episcopal parish in New York City founded in 1697. We work for justice, serve our neighbors, and bring people together to experience God’s love in community. Trinity’s outreach in the city includes 20 weekly worship services, food assistance seven days a week for people in need, support for asylum seekers, housing for the elderly and people living with disabilities, youth programs, and a wide array of free music and educational events throughout the year. The church also supports communities and ministries serving the world in Africa, Asia, and across the Americas.
About Settlement Housing Fund
Founded in 1969, Settlement Housing Fund (SHF) is a leading nonprofit affordable housing developer and service provider in New York City. Our mission is to create, preserve, and sustain high-quality affordable housing that revitalizes neighborhoods and enables residents to thrive. We serve vulnerable, low- and moderate-income households, helping them achieve long-term stability and well-being. Our innovative model integrates affordable housing, social services, community programs, and neighborhood resources to build vibrant and inclusive communities. SHF currently oversees 3,149 affordable units with another 2,250 in our pipeline. We provide case management and on-site social services to ensure housing stability for 500 vulnerable households living in our buildings.
Media Contact:
Max Burns
Trinity Church
mburns@trinitychurchnyc.org
www.trinitychurchnyc.org
Judy Herbstman
Settlement Housing Fund, Inc.
646-923-8535
jherbstman@shfinc.org
www.settlementhousingfund.org