Educational Construction Fund

The mission of the New York City Educational Construction Fund (ECF) is to build safe, secure learning environments. The EFC encourages comprehensive neighborhood development by constructing mixed-use real estate projects which feature new school facilities. The EFC increases the capacity of the New York City Department of Education to construct new school facilities, thereby increasing the number of seats for the entire school system. The EFC was created by the New York State Legislature in 1967 and since that time has constructed projects that added over 18,000 school seats, 4,500 units of housing and 1.2 million square feet of office space in New York City.

ECF, as a financing and development vehicle of the New York City Department of Education, provides funds for combined occupancy structures including school facilities in New York City. The EFC builds combined-occupancy structures on City-owned land conveyed to the EFC by the City of New York. The school facility portion of the mixed-use project is financed via the issue of tax exempt bonds with a term of up to forty years. ECF uses ground rents, lease payments and/or tax equivalency payments from the non-school portion of projects to finance construction of its school facilities. Future revenues from the non-school portion(s) of the development are used to pay the debt service of the school facility

ECF-issued tax exempt bonds are backed by the credit of the City of New York. 
 

Proposed Projects | Completed Projects  

Proposed Projects

The NYC Educational Construction Fund is proposing the following project for development:

ECF Project at the School of Cooperative Technical Education (Coop Tech) on East 96th Street in Manhattan.

If you have any questions or comments about this project, please email E96Street@schools.nyc.gov.

Completed Projects

Public School 59 & High School of Art and Design
Public School 59 and the High School of Art and Design are located in Manhattan. The schools together serve 1,966 students, and the overall development includes a Whole Foods Market and residential condominium. The school portion was completed in 2012.

East Side Middle School (MS 114)
East Side Middle School is located in Manhattan. The school serves 438 students, and the overall development includes a condominium building. The project was completed in 2010.

PS 267/ former Meeth Annex

Public School 267 is located in Manhattan. The project was completed as swing space for PS 59 in September 2008.

Public School/Intermediate School 89

Public School/Intermediate School 89 is located in Manhattan. The school serves 700 students and includes 151-unit apartment house. The project was completed in June 1998.

Park West High School
Park West High School is located in Manhattan. The school serves 2,440 students and includes a 395-unit apartment house. The project was completed on August 10, 1979.

Public School 124

The Yung Wing School is located in Manhattan. The school serves 963 students and the overall development includes a 726-unit apartment house. The project was completed on July 26, 1976.

Public School 195

The Roberto Clemente School, is located in Manhattan. The school serves 870 students and the overall development includes a 1,194-unit apartment house. The project was completed on April 12, 1976.

The Murray Bergtraum High School for Business Careers

The Murray Bergtraum High School for Business Careers is located in Manhattan. The school serves 2,782 students and the overall development includes the Verizon telephone equipment center, a tower comprising 750,000 square feet of space. The project was completed on March 22, 1976. A related recreational and athletic center was added to the project in 1984.

Junior High School 47

Junior High School 47, also known as the American Sign Language and English School, is located in Manhattan. ECF added an addition to the existing school for 140 students combined with a 168-unit apartment building above the existing facility. The project was completed on December 23, 1975.

Public School 205
The Fiorello LaGuardia School, is located in the Bronx. The school serves 1,014 children and the overall development includes a 613-unit apartment building. The project was completed on November 12, 1975.

The Norman Thomas High School for Commercial Education
The Norman Thomas High School for Commercial Education is located in Manhattan. The school serves 2,512 students and the overall development includes an office tower with 500,000 square feet of space. The project was completed on May 24, 1975.

Public School 99
Public School 99 is located in Kew Gardens, Queens. The school serves 1,000 children and the overall development includes a 250-unit apartment house. The project was completed on September 30, 1974.

Early Childhood Centers

Early childhood centers in the Bronx (577 East 139th Street) and Brooklyn (234 Herkimer Street) were completed in 1971 and 1974, respectively.

Public School 169

The Robert F. Kennedy School, is located in Manhattan. The school serves 308 children and the overall development includes a 198-unit apartment house. The project was completed on September 30, 1973.

Public School 126

The Dr. Marjorie H. Dunbar School, is located in the Bronx. The school serves 1,035 children and the overall development includes a 400-unit apartment house. The project was completed on September 30, 1971.