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Sol Arker, affordable housing pioneer, dies at 73
New York /
Sol Arker
Sol Arker, who embraced affordable housing as the head of the Arker Companies, died Monday after a battle with cancer. He was 73.
Working alongside his father, Arker began acquiring affordable housing assets in 1989. Over time, the company amassed more than 10,000 affordable units across New York City.
“The city has lost a visionary leader and tireless advocate for affordable housing, Sol Arker,” said Vicki Been, New York City’s deputy mayor for housing and economic development, said in a statement. “The residents of the many communities he built across the city have better lives because of his dedication.”
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Sol Arker, the affordable housing visionary of the eponymous The Arker Companies, died on Monday (May 17) after a battle with cancer at the age of 73.
He, along with his late
father Aron, brother Allan and son Alex were early pioneers of the development
of dedicated quality affordable housing and crafted an unassailable legacy of
building neighborhood relationships and communities across the five boroughs,
reflected in the thousands of affordable homes The Arker Companies has built
for New Yorkers.
Born in post-war Germany in 1947 to survivors of the Holocaust, the family settled in Brooklyn in 1949. Sol grew up admiring his father Aron’s efforts to provide first time homeowners a place to call their own across Brooklyn. But before joining the Arker Companies in 1972, his father made sure Sol had a graduate degree to fall back on should real estate not work out, which is how he initially trained as a lawyer. Luckily the real estate track proved successful, and h