Alembic Community Development

Alembic builds equitable partnerships to bring impactful investments to underserved neighborhoods through real estate development and capacity building initiatives. Our community development projects prioritize collaboration with nonprofit organizations and partners, create development programs that result in measurable community impact, and leverage public and private capital sources. Founded in 2004 and with offices in New York City and New Orleans, Alembic has developed properties in disinvested areas totaling more than 1,300 affordable and supportive housing units, 200,000 square feet of commercial and community space, and $450 million of development costs. Alembic has particular experience partnering with nonprofit organizations through joint venture developments, which also serve to build the capacity of our partners.