Brooklyn, NY

MHANY PENINSULA LOCAL DEVELOPMENT CORPORATION

EIN 32-0575794

Housing, Food & Basic Needs Affordable Housing & Tenant Rights Low-income

Mission

As a subordinate affiliate of MHANY Management, the corporation develops, constructs, owns and leases affordable housing, community facility, and mission-aligned commercial/industrial space to support low- and moderate-income New Yorkers and neighborhood economic development.

IRS-recognized 501(c)(3) public charity Contributions are tax-deductible

Claim this page Visit www.mutualhousingny.org

About MHANY PENINSULA LOCAL DEVELOPMENT CORPORATION

MHANY Peninsula Local Development Corporation is a subordinate nonprofit within the MHANY (Mutual Housing Association of New York) network that advances deeply affordable housing and community-serving commercial/industrial space in New York City. The organization is the project sponsor/owner entity associated with The Peninsula redevelopment in Hunts Point (Bronx), where it develops and operates manufacturing, retail, and community facility space alongside affordable residential buildings. Since its formation the LDC has participated in project phases that delivered community-focused commercial space and hundreds of affordable housing units through partnerships with NYCEDC, HPD, private development partners, and local stakeholders.

Notable achievements

Delivered industrial/commercial space at The Peninsula

Participated in development and operation of approximately 57,000 square feet of light-industrial and commercial space in The Peninsula campus, providing affordable leases for local manufacturing, food, and small businesses (Phase One commercial space operational following 2022 completion).

Major project milestone — Peninsula Phase Two topping out (2025)

Partnered with MHANY Management and private developers on Phase Two of The Peninsula, which topped out in 2025 and will add 359 additional affordable apartments as part of the multi-phase campus expansion (projected full campus total: ~740 affordable homes when complete).

Sustainability & community programming

Advanced on-site sustainability and community initiatives tied to MHANY developments, including installation of anaerobic biodigesters at The Peninsula (and MHANY’s Chestnut Commons) to reduce organic waste and return compost/fertilizer to the local community.

At a glance

Total assets: $38.8M
Annual revenue: $707K
Tax status: 501(c)(3)Public charity
EIN: 32-0575794
Location: Brooklyn, NY
Website: www.mutualhousingny.org
On Mahalo since: May 2026

Financial figures from the IRS Business Master File, the IRS’s registry of tax-exempt organizations.

Recognition

Project partner in NYCEDC-backed Peninsula redevelopment, a high-profile Hunts Point revitalization project with regular public-sector announcements and community engagement.

The Peninsula redevelopment (project in which the LDC participates) was recognized with a Big Apple Brownfield Award for Community Open Space as part of the project’s brownfield remediation and public-space creation efforts.

Maintains tax-exempt 501(c)(3) status and files annual Form 990s as a subordinate organization within the MHANY network; listed in public nonprofit databases and state environmental/project records related to The Peninsula site.

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