Ebenezer Plaza under construction in 2018; Map data © 2020 Google
Nearly 200 affordable apartments are up for grabs at a new rental building in the Brownsville neighborhood of Brooklyn. A housing lottery launched on Thursday for 176 units at 672 Powell Street, which is part of the massive Ebenezer Plaza project that will bring four towers to two sites on the block. Qualifying New Yorkers earning 30, 40, 50, and 60 percent of the area median income can apply for the units, which range from $367/month studios to $1,472/month three-bedrooms.
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Rendering of 350 Clarkson Avenue; Credit: Phiro
A housing lottery will launch Friday for 75 middle-income apartments in a newly constructed Brooklyn building. Located at 350 Clarkson Avenue in Prospect-Lefferts Gardens, the building, dubbed “The Lois,” contains 250 apartments with 6,000 square feet of ground-floor retail. Designed by Cetra Ruddy, the eight-story building boasts a masonry facade with copper panel details, a nod to the area’s industrial history. Qualifying New Yorkers earning 130 percent of the area median income can apply for the units, which range from $1,721/month studios to $2,975/month three-bedrooms.
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Rendering of 1277 East 14th Street by Maqe
A housing lottery launched Tuesday for 91 middle-income apartments at a newly constructed building in Midwood. Located at 1277 East 14th Street in the central Brooklyn neighborhood, the building sits on the former site of Vitagraph Studios, an acclaimed production company founded in the borough in 1897. The Vitagraph Apartments, which opened last summer, contain 302 units and amenities like a landscaped roof deck and fitness center. Qualifying New Yorkers earning 130 percent of the area median income can apply for the units, which includes $2,346/month one-bedrooms and $2,830/month two-bedrooms.
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2111 Southern Boulevard; Map data ©2020 Google
A group of real estate companies has purchased eight affordable housing buildings in the Bronx for $166 million. LIHC Investment Group, Belveron Partners, and Camber Property Group last week announced the joint deal, which involves 1,275 housing units and 10 commercial units that fall under the city’s Mitchell-Lama program. The firms plan to keep the units affordable, instead of converting them to market-rate apartments when the rent regulations expire.
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Photo via Wiki Commons
Affordable housing is one of the hottest topics in the real estate market these days. It all started with Mayor de Blasio’s plan to preserve or build 300,000 affordable units by 2026, which has resulted in a slew of new lotteries, a recent update to the lottery policy to ease the process for immigrants and low-income New Yorkers, and a record number of affordable homes for seniors and homeless New Yorkers. But the topic is not without its issues, with many still wondering if the city is doing enough for affordability and if some of these units are really affordable. Whatever your opinion, there’s no doubt that affordable housing in NYC can get quite confusing. Ahead, 6sqft breaks down the different types of programs, how you can qualify and apply, and what happens if and when you get in.
Everything you need to know about affordable housing
Streetview of 215 Freeman Street from Nov 2017; Map data © 2019 Google
Applications are now being accepted for a 100-spot waitlist for a rental building in Greenpoint. Located at 215 Freeman Street at the foot of the Pulaski Bridge, the building sits near all Manhattan Avenue has to offer, with easy access to Long Island City and beyond via the bridge’s pedestrian path. Qualifying New Yorkers earning 130 percent of the area median income can apply to be placed on the waitlist for the apartments, which include one-bedrooms priced between $2,270 and $2,542 per month and two-bedrooms between $2,733 and $3,063 per month.
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Photo credit: Michael Appleton/Mayoral Photography Office on Flickr
Mayor Bill de Blasio on Tuesday released a plan to get 3,600 homeless New Yorkers off city streets within five years. The six-point initiative adds new “safe haven” beds, creates 1,000 permanent units of housing, provides new health resources, and ramps up the city’s outreach response. Named The Journey Home, the $100 million plan comes as the number of those experiencing homelessness in the city has reached the highest levels in nearly 100 years, with more than 60,000 people currently living in homeless shelters.
Rendering courtesy of BFC Partners and Marvel Architects
New York City’s first affordable LGBT-friendly senior housing complex has opened in Fort Greene. Originally called the Ingersoll Senior Residences, the project—which is the first to be completed under the city’s controversial plan to lease NYCHA land to private developers—was dubbed Stonewall House in honor of the 1969 riots that launched the modern LGBT movement. The building comprises 145 apartments that will be available to seniors 62 years and older who make 50 percent or less of the area median income, with 25 percent of the units set aside for formerly homeless tenants.
Rendering courtesy of Dattner Architects
A medical center in Brooklyn will be developed into a mixed-use complex with affordable housing, on-site counseling service, fitness programs, and integrated health care. Gov. Andrew Cuomo announced last week plans to transform the current Kingsbrook Jewish Medical Center North Campus, located between Prospect Lefferts Gardens and East Flatbush, into Kingsbrook Estate, a three-building development with 266 units of affordable housing. Designed by Dattner Architects in collaboration with landscape architecture firm terrain, the development falls under the state’s Vital Brooklyn plan, created in 2017 to bring more housing and jobs to the Central Brooklyn area.
Photo by Daryan Shamkhali on Unsplash
The New York City Council and Mayor Bill de Blasio’s administration have reached an agreement to provide more housing for homeless New Yorkers. As first reported by Politico, the legislation, expected to pass next week, would require developers of new housing developments that receive city financing to set aside at least 15 percent of units for homeless individuals and families. The new law could create about 1,000 new apartments each year for those experiencing homelessness.
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