They Wanted a Waterfront House in New York City for $450,000 (but Not for Themselves)

Cat Greenleaf and her husband left their home in Brooklyn and moved to a gated community near the ocean. Greenleaf connected with a nonprofit organization that supports people leaving prison and decided to buy distressed waterfront properties. She offers these properties to low-income tenants who qualify for subsidized rent vouchers. Greenleaf is now creating a nonprofit organization called the Restorative Housing Organization. She recently looked for a waterfront house in need of transformation and has been searching throughout different boroughs. Several options were considered, each with its own unique features.