affordable housing

affordable housing, Crown Heights, housing lotteries

Photo of Lincoln Terrace via NYC Parks

Located across from the Lincoln Terrace/ Arthur S. Somers Park in Crown Heights, a newly constructed building has 10 affordable apartments up for grabs. New Yorkers earning 60 percent of the area median income can apply for the apartments, which include $938/month studios, $1,080/month one-bedrooms and $1,223/month two-bedrooms. In addition to being across from 21 acres of public park, the rental at 24 Ford Street also features a fitness center, lounge, a bike room, and parking.

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affordable housing, Bed Stuy, housing lotteries

A six-story building in Bed-Stuy launched a lottery this week for 35 affordable apartments. Developed in collaboration between Comunilife and NYC Health + Hospitals, the Woodhull Residence at 179 Throop Avenue contains 89 studio apartments, designed as supportive and affordable housing. The apartments up for grabs through the lottery are set aside for individual New Yorkers earning 50 and 60 percent of the area median income, or between $27,463 and $43,860 annually, and include $746/month and $903/month studios.

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affordable housing, Bed Stuy, housing lotteries

Photo via Julien Magne/Flickr

A six-story building in Bed-Stuy launched a lottery this week for three middle-income units. The newly constructed building, located at 523 Willoughby Avenue, sits between Marcy and Tompkins Avenues and just a two-minute walk from the G train. Qualifying New Yorkers earning 130 percent of the area median income can apply for one $1,912/month one-bedroom and two $2,303 two-bedroom apartments.

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affordable housing, housing lotteries, Prospect-Lefferts Gardens

Prospect Park Boathouse via Flickr/cc

Prospect-Lefferts Gardens is becoming a more and more coveted neighborhood, especially when you’re just a few short blocks from Prospect Park and the B and Q trains at Parkside Avenue, which is exactly the selling point for the new 20-unit rental at 830 Flatbush Avenue. The building was recently completed and as of today, households earning 130 percent of the area median income can apply for six middle-income apartments, including $2,253/month one-bedrooms and $2,716/month two-bedrooms. They’ll also have access to a fitness center, laundry room, lounge, bike storage, and roof deck.

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affordable housing, Policy, Roosevelt Island

Aerial view of Roosevelt Island. Image: Schizoform via Flickr.

Gov. Andrew Cuomo announced Sunday that an agreement had been reached to keep over 360 Roosevelt Island apartments in the Westview housing development, currently in the Mitchell-Lama rental program, affordable for 30 more years. Without the agreement, the Westview’s owner could have removed the building from the middle-class housing program and converted all of the apartments to market rate immediately. Instead, Westview will be able to exit from the Mitchell-Lama program but tenants will be offered first-time ownership opportunities at deeply affordable and below-market prices. Simultaneously, long-term affordability protections will be provided for tenants who continue to rent.

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affordable housing, housing lotteries, Williamsburg

Photo via Wally Gobetz/Flickr

At the beginning of the year, three middle-income apartments came online at the brand new rental 126 Boerum Street in trendy East Williamsburg, just off the Bushwick border and only steps to theL train at Montrose and the J/M at Lorimer. Now, two more units are available, these for New Yorkers earning 60 percent of the area median income and renting for $1,039.

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Featured Story

affordable housing, Bed Stuy, Bushwick, City Living, Crown Heights, Features, Greenpoint, Inwood, Morningside Heights, NYC Guides, real estate trends, Roosevelt Island, Top Stories, Washington Heights

Columbia campus, via Pixabay

If you can’t bear the idea of living in the dorms for another year, you’re not alone. Unless you happen to go to Columbia where over 90 percent of students live on campus, there’s a high likelihood you’ll be searching for your own apartment at some point during your college years, just like 57 percent of students at NYU and 74 percent at The New School. And if you’re like most students, you’ll be looking for an apartment far from downtown that strikes the right balance between affordability, commutability, and access to services.

To help you make the smartest decision possible, 6sqft has compiled a list of affordable, student-friendly neighborhoods in Manhattan and Brooklyn. By New York City standards, all of these are both safe (e.g., reported fewer than 1.5447 crimes per 1000 people in June 2018) and within reach (e.g., on average, three-bedroom units can still be rented for less than $5,000 per month). Using July 2018 City Realty data on average neighborhood rents, we’ve broken down how much you’ll pay on average to live in a three-bedroom shared unit in each of these neighborhoods. We’ve also provided average commute times to both Union Square, which is easily walkable to NYU, The New School, and Cooper Union, and to the Columbia University campus.

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affordable housing, gentrification, Inwood, New Developments, Policy

inwood rezoning, upper manhattan, bill de blasio, councilman ydanis rodriguea

Inwood Hill Park; Image: Dana via Flickr.

On Wednesday the City Council approved a rezoning plan for a 59-block section of Inwood, a neighbhorhood often referred to as the “last affordable neighborhood in Manhattan,” the New York Times reports. The plan was approved last week by the city’s zoning subcommittee and the Land Use Committee. The Inwood rezoning is part of Mayor Bill de Blasio’s plan to rezone neighborhoods across the city as part of the push to create and preserve 300,000 affordable housing units by his goal date of 2026. Inwood is the fifth neighborhood–including the also-controversial East New York and East Harlem–to be approved for rezoning under the plan.

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affordable housing, housing lotteries, Queens

Via Paul VanDerWerf on Flickr

A lottery to get on the waitlist for more than 400 moderate-income units launched this week across a few rental buildings in Forest Hills, a residential neighborhood of Queens. The buildings, located at 62-27 108th Street, 108-53 62nd Drive, and 110-01 62nd Drive, are being developed by Phipps Houses, a major developer of affordable housing. The buildings sit nearby Flushing Meadows Corona Park, home to the Queens Museum, New York Hall of Science, Citi Field, and the Arthur Ashe Tennis Stadium. Qualifying New Yorkers earning 100 percent of the area median income can apply for the apartments, which range from a $1,462/month studio to a $2,170/month three-bedroom.

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affordable housing, Bushwick, housing lotteries

bushwick, brooklyn

Photo via Manny Moss on Flickr

Starting on Wednesday, applications will be accepted for three new, middle-income units in the Brooklyn neighborhood of Bushwick. Found at 1157 Myrtle Avenue, the rental sits just a block away from the J, M and Z trains as well as the B54 and B 15 buses. Qualifying New Yorkers earning 130 percent of the area median income can apply for the two $2,714/month two-bedrooms and one $3,131/month three-bedroom.

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