The future of a community begins with the places people call home.
Hearthmont Housing Development Corporation is a proposed New York nonprofit real estate developer, focused on acquiring land and building new, high-quality affordable housing.
Mission and vision
To acquire land and develop, finance, and sustain high-quality affordable housing that expands opportunity for low- and moderate-income households and strengthens communities.
To become a leading nonprofit housing developer, beginning in the Hudson Valley and expanding throughout New York.
The principles behind every home we will build
Why Hearthmont, and why the Hudson Valley
In the Hudson Valley, rents have outpaced renter wages. Hudson Valley Pattern for Progress estimates that a tenant earning the average renter wage would spend 54% of income on rent for a one-bedroom apartment at Fair Market Rent in Orange County and 93% in Rockland County, far above the 30% cost-burden standard. Even two working tenants sharing a two-bedroom apartment would spend 35% and 51%, respectively.[1] Meeting this need at scale requires disciplined development, patient capital, public-private cooperation, and a long-term commitment to the people served.
Hearthmont is envisioned by co-founders Moishe Fekete and Rabbi Yaakov Flitchkin to combine real estate execution with strong partner and community relationships. Its purpose is to turn suitable land into thoughtfully planned, high-quality affordable homes, with sound financial stewardship and durable affordability. Success will be measured by the homes delivered, the quality of the communities, and the lasting opportunity created for residents.
[1] Hudson Valley Pattern for Progress, Center for Housing Solutions & Community Initiatives, Out of Reach 2025 (July 2025), “2025 Cost Burden Analysis” and “2025 Wage Gaps by County,” based on NLIHC Out of Reach 2025 and HUD Fair Market Rent data.
Have land, capital, or a project in mind?
We want to hear from municipalities, landowners, lenders, developers, and housing agencies across the Hudson Valley.