A new look for affordable housing

The Wall Street Journal looks at PS 109, the first development in New York City for Artspace and a project the Ford Foundation has supported since its early planning stages. When construction is complete, the former public school building will offer affordable housing for artists and their families, and creative spaces for community and arts groups. “We’re big fans of the project,” said George Sarkissian, district manager of Community Board 11, which serves East Harlem. “It provides affordable housing to the most vulnerable to displacement, and it provides a place for artists and for our culture to be preserved.”

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The Ford Foundation

The Ford Foundation is an independent, nonprofit grant-making organization with assets currently valued at $16 billion. For more than 85 years it has worked with courageous people on the frontlines of social change worldwide, guided by its mission to strengthen democratic values, reduce poverty and injustice, promote international cooperation, and advance human achievement. With headquarters in New York, the foundation has offices in Latin America, Africa, the Middle East, and Asia.