The council is composed of some of the largest developers in New York City and New Jersey, united in addressing the pressing issue of soaring housing prices, which are contributing to a significant decline in middle-class homeownership. This trend poses a growing challenge for future generations.

Key statistics highlight the urgency of the situation:

The median household income in NYC is $76,000, while single households average $38,000.

To purchase a home in NYC, a combined income of approximately $211,000 is required.

Rents in NYC have risen by an average of 3%, with a staggering 27.5% increase since 2019.

To better understand and tackle these challenges, we held several private meetings with seasoned developers, each with over 30 years of experience and a track record of constructing more than 300 buildings, generating over $1 billion in sales. A significant factor in high build costs is the involvement of multiple companies in the construction process. Typically, over ten entities are engaged, including third-party subcontractors, material resellers, and those lacking their own equipment. This fragmentation complicates efforts to reduce costs, as each company aims to maximize its own profits.

The current landscape includes:

Foundation companies without their own machinery

Textile companies acting as middlemen

HVAC suppliers not sourced from primary distributors

General contractors (GCs) who subcontract their labor

Building supply companies that resell materials

High agent fees associated with buying and closing

In response, the ADC has formed an alliance with leading material manufacturers, construction machinery owners, and builders with in-house teams. This collaboration aims to eliminate unnecessary third-party costs and create affordable real estate options.

The alliance includes:

Foundation companies with their own machinery

Textile manufacturers

Green NA distributors

GCs with their own workforce

Building supply manufacturers

Real estate brokerage owners

These like-minded, large companies recognize the escalating real estate prices and are committed to leveraging their expertise and influence to provide opportunities for those lacking sufficient capital to become homeowners.

Through this powerful alliance, the ADC has successfully implemented a strategy that allows public participation in projects offering construction at 30% below market value, reduced build times, and customized strategies to maximize equity gains. Additionally, properties already on the market from council developers will benefit from further discounts ranging from 1% to 20%.

We believe a healthy real estate industry should have a healthy rate of homeownerships. 

We believe giving back should be a communal responsibility.

We believe that having the right influence requires the right action.

We believe having a place to call a home should be a human right.

At ADC we build, but we build with purpose.