Affordable Housing

May 14, 2025

Vacant parking lot in Harlem to become 75 apartments

A vacant parking lot in Harlem will soon become a residential building. Haussmann Development on Monday announced it closed on a land purchase at 16–20 Convent Avenue for $7.5 million. Haussmann plans to build a 10-story residential building with 75 one- and two-bedroom apartments, including 15 affordable units for households earning 60 percent of the area median income.
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May 12, 2025

NYC’s largest mass timber housing development to bring 500 homes to Staten Island’s North Shore

A mixed-income housing development with more than 500 apartments planned for Staten Island’s North Shore is set to become New York City’s largest mass timber residential development. On Monday, Mayor Eric Adams announced the selection of Artimus and Phoenix Realty Group to build the new homes, 25 percent of which will be designated as affordable, on two vacant sites along the New Stapleton waterfront. The development will be built with mass timber to lower the project’s carbon footprint and accelerate construction.
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May 9, 2025

Updated plan for Broadway Junction redevelopment adds 1,000 affordable homes

A plan to redevelop a two-acre site around the Broadway Junction transit hub has been revised to increase the number of affordable homes from 600 to 1,000. After nearly 100 public meetings, developer Totem on Thursday released an updated version of its proposal to rezone the East New York site into Herkimer-Williams, a mixed-use project with four buildings along four blocks, containing housing, retail, community space, and open space. The revisions include more affordable housing, community-led retail, reduced building heights, and less office space.
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May 7, 2025

‘Prismatic’ turquoise-clad Bed-Stuy rental opens lottery for 30 apartments, from $874/month

A bold new Bed-Stuy rental recently launched a housing lottery for 30 mixed-income apartments. Located at 126 Sandford Street, the 10-story Prisma House brightens the block with its turquoise-clad facade and 120 contemporary residences inside. New Yorkers earning 40, 60, and 110 percent of the area median income can apply for the units, priced from $874/month for one bedrooms.
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May 5, 2025

NYC sues Trump administration over ‘unconstitutional’ housing grant conditions

New York City, joining seven other local governments, sued the Trump administration last week over new conditions related to federal housing grants. Filed on Friday, the lawsuit challenges the Department of Housing and Urban Development (HUD) over provisions prohibiting grant recipients from using funds for programs related to diversity, equity, "gender ideology," and immigration. The cities argue that the new conditions imposed on the HUD grants are unconstitutional and an overreach of the executive branch.
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April 30, 2025

40-story Downtown Brooklyn tower opens lottery for 69 apartments, from $2,950/month

A new residential skyscraper in Downtown Brooklyn launched a housing lottery this week for 69 middle-income apartments. Located at 111 Willoughby Street, the 40-story Maxwell Downtown Brooklyn development offers impressive skyline views and amenities like a landscaped roof deck and top-floor lounge. New Yorkers earning 130 percent of the area median income can apply for the units, priced at $2,950/month studios, $3,300/month one-bedrooms, and $4,347/month two-bedrooms.
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April 29, 2025

NYC makes applying for affordable housing lotteries easier

While the odds of winning an affordable housing lottery in New York City are generally low, now, at least, the paperwork will be easier. On Monday, the Department of Housing and Preservation and Development (HPD) announced it will require fewer documents from applicants to streamline the process for both renters and agents. And starting May 1, the city will allow landlords and brokers to advertise empty affordable housing units publicly, allowing applicants to directly apply for the apartments, instead of going through the city's Housing Connect system.
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April 17, 2025

Lottery opens for 91 apartments at new Long Island City rental tower, from $2,750/month

A housing lottery launched this week for 91 middle-income apartments at a new residential development in Long Island City. Located at 43-14 Queens Street in the neighborhood's Court Square section, the 19-story building marks the second phase of the expansive Eagle Loft complex, which has converted the former Eagle Electric factory into hundreds of luxury apartments. New Yorkers earning 130 percent of the area median income can apply for the units, priced at $2,750/month for studios and $3,475/month for one bedrooms.
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April 14, 2025

71 affordable apartments available at Passive House development in Bed-Stuy, from $556/month

A new residential development in Bed-Stuy launched a housing lottery this week for 71 affordable apartments. Dekalb Commons is a three-building complex with 85 affordable residences and commercial space, designed to meet Passive House standards. New Yorkers earning 30, 40, 60, 70, and 80 percent of the area median income can apply for the units, priced from $556/month studios to $2,974/month three bedrooms.
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April 8, 2025

New rental tower on Gowanus Canal opens lottery for 45 mixed-income apartments, from $874/month

A new residential development on the Gowanus Canal has launched a housing lottery for 45 mixed-income apartments. Society Brooklyn consists of two 21-story towers with more than 500 apartments and a waterfront esplanade. New Yorkers earning 40, 60, 100, and 130 percent of the area median income can apply for the available units at 504 Sackett Street, priced from $874/month one-bedrooms.
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April 3, 2025

Citi Field casino team throws in 450 units of affordable housing to enhance bid

New York Mets owner Steve Cohen is enhancing his bid to build a casino by pledging 450 affordable housing units. Queens Future LLC, a joint venture between Cohen and Hard Rock International, and Slate Property Group announced on Wednesday plans to develop a 100 percent affordable building on a parking lot at 54-19 100th Street in Corona, Queens. The development will only be built if Cohen is awarded one of three gaming licenses to build "Metropolitan Park," a proposed $8 billion sports and entertainment complex next to Citi Field.
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April 2, 2025

Next phase of affordable Far Rockaway development breaks ground

Construction is set to begin on an affordable residential building within a new development in Far Rockaway. As first reported by Commercial Observer, Tishman Speyer's TS Communities announced it secured financing and will break ground this month on Edgemere Commons A2, a 100 percent affordable building at 337 Beach 52nd Street and the second all-affordable development within the larger Edgemere Commons complex. The building will rise 18 stories and deliver 244 affordable apartments ranging from studios to three bedrooms, for households earning between 40 and 80 percent of the area median income.
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April 2, 2025

Luxury rental in Crown Heights opens lottery for 72 middle-income units, from $1,869/month

In an industrial stretch of Crown Heights, a new luxury rental opened a housing lottery for 72 middle-income apartments. Currently under construction at 953 Dean Street, Prospect House is a nine-story development with 240 apartments and upscale amenities, including a rooftop terrace and private courtyard. New Yorkers earning 80 and 130 percent of the area median income can apply for the units, priced from $1,869/month for studios.
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March 31, 2025

East Village rental opens lottery for 40 mixed-income apartments, from $989/month

A housing lottery launched last week for 40 mixed-income apartments at a new mixed-use development in the East Village. Located at 280 East Houston Street, the 12-story building, called "The Houston," offers modern residences, exclusive amenities, and a prime location at the intersection of the East Village and the Lower East Side. New Yorkers earning 40, 60, and 130 percent of the area median income can apply for the units, priced from $989/month studios to $4,543/month two-bedrooms.
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March 24, 2025

Former JFK Airport hotel launches lottery for 125 affordable apartments, from $784/month

A former hotel near John F. Kennedy International Airport that has been converted into a housing development launched a lottery last week for 125 affordable apartments. Located at the former JFK Hilton in South Jamaica, the Baisley Pond Park Residences includes over 300 affordable and supportive housing units, a 2,400-square-foot healing garden, and on-site social services. New Yorkers earning 50 and 60 percent of the area median income can apply for the apartments, priced from $784/month for studios to $1,493/month for two bedrooms.
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March 21, 2025

Long-abandoned Clinton Hill site to become affordable housing

A long-abandoned building in Clinton Hill may finally be redeveloped. Gov. Kathy Hochul on Thursday issued a request for proposals for 1024 Fulton Street, a 12,800-square-foot state-owned site between Grand and Classon Avenues. The governor wants a developer to demolish the derelict building, which has been vacant for nearly 30 years, and build a new mixed-use project with 100 percent affordable homes. Officials have made several attempts to redevelop the eyesore over the years without success.
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March 20, 2025

NYC’s plan to rezone Jamaica calls for 12,000 new homes

New York City is moving forward with a new rezoning initiative that could bring more than 12,000 new homes to downtown Jamaica, Queens. On Thursday, the Department of City Planning (DCP) began the approval process for the plan, which looks to rezone about 300 blocks in the neighborhood to allow for thousands of new homes, including 4,000 units that would be income-restricted. If approved, the rezoning would create the city's largest Mandatory Inclusionary Housing area, add two million square feet of commercial space, and generate more than 7,000 new jobs, according to the Queens Eagle.
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March 19, 2025

Atlantic Avenue rezoning approved by City Planning Commission

A plan to create thousands of new homes, jobs, and open space along Atlantic Avenue in Brooklyn is one step closer to becoming reality. The City Planning Commission (CPC) on Wednesday voted to approve the Atlantic Avenue Mixed-Use Plan, a rezoning that could bring 4,600 new homes, 1,440 of which would be permanently affordable, 2,800 permanent jobs, and various public realm enhancements to a 21-block stretch of Atlantic Avenue. The plan now moves to the City Council for a final vote.
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March 18, 2025

41 middle-income apartments available at huge development on Astoria waterfront, from $3,261/month

Applications are now being accepted for 41 middle-income apartments in two new residential towers on the Astoria waterfront. Located at 20 and 30 Halletts Point, the buildings are part of the second phase of the massive Halletts Point development, which aims to deliver over 2,000 new homes. The towers offer tenants brand-new, modern residences with stunning views of the East River and Manhattan skyline. New Yorkers earning 120 percent of the area median income can apply for the units, priced from $3,261/month studios to $4,194/month two bedrooms.
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March 14, 2025

93 affordable and supportive homes open at Bed-Stuy’s Woodhull Hospital

Nearly 100 new affordable and supportive homes for homeless and low-income New Yorkers opened at Woodhull Hospital in Bed-Stuy. City officials on Thursday celebrated the opening of the second phase of Woodhull Residences, a $41.5 million, 93-unit building providing affordable and supportive housing for NYC Health + Hospitals patients experiencing homelessness, as well as low-income seniors and other New Yorkers. Located at 171 Throop Avenue, the project is part of the agency’s "Housing for Health" initiative, which aims to create 650 affordable homes over the next five years.
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March 13, 2025

Mayoral hopeful Lander proposes 50,000 new homes on NYC golf courses

In a proposal likely to make golf lovers tee off, mayoral candidate Brad Lander wants to turn some of New York City's public golf courses into 50,000 new homes to tackle the housing crisis. The idea, included in the city comptroller's 36-page housing proposal released last week, is a key element of Lander’s vision to create 500,000 new homes across the five boroughs over the next decade, if elected mayor. In order to achieve these ambitious housing goals, Lander said he would declare a housing emergency to speed up construction and triple subsidies for affordable housing.
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March 13, 2025

Hell’s Kitchen rental opens lottery for 13 apartments, from $2,500/month

A housing lottery launched this week for 13 middle-income apartments at a residential tower in the heart of Hell's Kitchen. Located at 360 West 43rd Street, the 23-story building offers luxury apartments and amenities like a rooftop terrace and fitness center in prime Midtown West. New Yorkers earning 130 percent of the area median income can apply for the units, priced from $2,500/month studios to $3,800/month two bedrooms.
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March 6, 2025

Lottery opens for 330 apartments at huge office-to-residential conversion in FiDi, from $932/month

Here's your chance to live in the nation's largest office-to-residential conversion in the Financial District. A housing lottery launched this week for 330 affordable apartments at 25 Water Street, a former 1960s office tower once home to JPMorgan Chase and the Daily News that now holds 1,320 luxury apartments. New Yorkers earning 40, 80, and 90 percent of the area median income can apply for the units, priced from $932/month studios to $3,286/month three bedrooms.
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March 6, 2025

Financial District office tower to be razed and replaced with 1,000 apartments

The city is looking for a developer to raze and replace an aging government building in the Financial District with over 1,000 apartments. On Wednesday, Mayor Eric Adams, the New York City Economic Development Corporation, and the Department of Housing Preservation and Development issued a request for proposals (RFP) to transform 100 Gold Street into a mixed-income residential building. Currently, the nine-story office tower is occupied by several city agencies, with most of the space utilized by the housing department.
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March 4, 2025

Rental on the Park Slope-Gowanus border opens lottery for 50 affordable apartments, from $874/month

A new rental building on the border of Park Slope and Gowanus opened a lottery for 50 affordable apartments. Longview is a 17-story tower at 380 4th Avenue with 197 homes, 30,000 square feet of amenities, and 14,000 square feet of retail space. New Yorkers earning 40, 60, and 90 percent of the area median income can apply for the apartments, priced from $874/month studios to $2,532/month two-bedrooms.
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