2023 FAC Benefit & Award Reception
Build, Power Transform: Celebrating FAC’s 45th Anniversary!
Join us for a night of food, drinks, and music, as we celebrate Fifth Avenue Committee’s 45th Anniversary at BAMcafé!
We will celebrate FAC’s impact on the community and honor leaders, organizers, and partners who have supported FAC’s efforts to Build, Power, and Transform the lives of local residents and communities as we work to advance equity and justice in New York City.
Register here
Proceeds from the benefit provide essential support for FAC’s mission, programs, and services to advance economic, social and racial justice in New York City.
- Sponsorship opportunities start at $1,500
- Corporate Ticket Rate is $500.00
- Non-Profit/Government Ticket Rate $350.00
For the full list of sponsorship opportunities, check out our 45th Anniversary Benefit Sponsorship and Ticket Levels
Join our 45th Anniversary Leadership Circle and receive additional benefits if you commit $10,000 or more by Friday, March 31st.
Event Honoree:
Build Award – J.P. Morgan Chase
J.P. Morgan Chase has partnered with FAC for over 20 years and is currently both the construction lender and low-income housing tax credit investor on FAC’s Sunset Ridge senior housing project. The project is bringing 83 new units of affordable housing for low-income seniors to Sunset Park. Chase is providing $28 million in construction lending and provided nearly $23 million in tax credit equity investment. Sunset Ridge is the first new affordable housing for seniors in Sunset Park – a growing, working-class immigrant community with significant displacement pressures – in more than 15 years.
In addition to a new 9-story building with 75 apartments, two adjacent townhouses have been rehabilitated with 8 additional units. The project also includes a 90-seat Universal Pre-K center on the ground floor. Construction is complete and leasing has commenced.
Power Award – Brooklyn Housing Justice Champions – including tenant leadership from the Greenbrook Tenant Coalition (confirmed), Senator and Senate Majority Leader Chuck Schumer (invited), NY Attorney General Letitia James (invited), and NYC Comptroller Brad Lander (confirmed)
This year, a coalition of tenants, alongside key elected officials, won significant victories in their fight against a major predatory corporate landlord. We will honor this collective group as the Brooklyn Housing Justice Champions.
The Greenbrook Tenant Coalition, formed in 2021, is comprised of tenants living in rental properties owned by corporate landlord Greenbrook Holdings, LLC. FAC supports these tenants to join together and organize against Greenbrook Holdings t. Greenbrook Holdings used the pandemic as an opportunity to purchase over 100 buildings in Brooklyn and used investments by the Texas Permanent School Fund to purchase these buildings. Following the purchases, they began displacing and harassing tenants in order to raise rents and increase profits. As a result, the Coalition developed a campaign to pressure institutions to divest from Greenbrook Holdings and met with elected officials including US Senator Chuck Schumer and NYC Comptroller Brad Lander. Their campaign intensified in February of 2022 when they testified in front of the US Senate Committee on Banking, Housing, and Urban Affairs about their experiences living in rental properties owned by corporate landlord Greenbrook Holdings, LLC. In their testimony, they also shed light on the broader issue of private equity landlords in NYC.
Through their advocacy, the coalition raised enough awareness that a major financial investor, Grovesnor, withheld $33.4 million from the Fund. In October 2022, NY Attorney General Letitia James and the Tenant Harassment Prevention Task Force announced a settlement with Greenbrook Holdings for engaging in unlawful practices in managing its buildings. As a result, Greenbrook will pay $100,000 in penalties to the New York City Department of Housing Preservation and Development, credit $7,500 to every current tenant who moved into ten of their worst buildings on or before July 1, 2021, hire external monitors to oversee construction activity and compliance and correct hundreds of violations across 22 of the most egregiously managed buildings.
To read about the settlement, click here.
Leadership Circle Sponsors
(List in formation)
Thank You to Our Sponsors!
(List in formation)
Amalgamated Bank
Hudson Housing Capital
Richman Housing Resources
WXY Studio
For more information about the event, contact Kathleen Parisi at Kathleen@K2New.net
If you are unable to attend the event but would like to contribute, you can donate here.