affordable housing

affordable housing, Clinton Hill, Fort Greene, housing lotteries

810 Fulton Street, Clinton Hill, Affordable Housing

Via RXR Realty

Applications are now being accepted for 73 affordable rentals in a new Brooklyn building located in the middle of Clinton Hill, Prospect Heights, and Fort Greene. Developed by RXR Realty, the 12-story building at 810 Fulton Street is expected to open in 2019. Qualifying New Yorkers earning 60 percent of the area median income can apply for the units, which range from $913/month studios to $1,183/month two-bedrooms.

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affordable housing, Brooklyn, housing lotteries

Via CityRealty

While 130 percent of the area median income is technically considered affordable in New York City, paying $2,253/ month for a one-bedroom apartment in East Williamsburg is still hard to swallow. The neighborhood does have a lot to offer in terms of nightlife and cultural activities, but the area’s transit options, mainly the soon-to-be-shuttered L train, leave a lot to be desired for those commuting to Manhattan. But if you can look past the price and the far-out location, consider applying for eight middle-income units at 310 Graham Avenue, a newly constructed seven-story building. Qualifying New Yorkers earning 130 percent of the AMI can apply for the apartments ranging from $2,253/month one-bedrooms to $3,132/month three-bedrooms.

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affordable housing, housing lotteries, Prospect-Lefferts Gardens

Via Jonathan Kirschenfeld Architects

Applications are now being accepted for 51 middle-income apartments and The Clark, a newly constructed 8-story building in Prospect-Lefferts Gardens. The Brooklyn building, located at 310 Clarkson Avenue just a short walk from Prospect Park, features a ton of amenities, including an attended lobby, in-unit washer/dryer, dog run, fitness center, a media room, co-working space, and a furnished penthouse space. Qualifying New Yorkers earning 130 percent of the area median income can apply for the apartments ranging from $1,525/month studios to $2,635/month three bedrooms.

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affordable housing, housing lotteries, hudson yards, Top Stories

15 Hudson Yards, Diller Scofidio + Renfro, Hudson Yards, Related Companies

Hudson Yards‘ first residential building to rise, the 88-story 15 Hudson Yards, has just opened its affordable housing lottery for 107 of its nearly 300 units. Listings for the market-rate condos went live two years ago, ranging from a $3.8 million two-bedroom to a $32 million penthouse. By comparison, the affordable rentals, available to New Yorkers earning 50 or 60 percent of the area median income, range from $858/month studios to $1,350/month two-bedrooms. And in addition to the incredible price point, residents will have access to all of the mega-development’s amenities, including new parkland, The Shed performance space, and plenty of retail and restaurant space. Plus, 15 Hudson Yards has a 24-hour attended lobby, two floors of wellness offerings including a gym, yoga studio, and swimming pool, and a skytop lounge with views of the Hudson River and Thomas Heatherwick’s huge climbable installation, the Vessel.

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affordable housing, gentrification, maps

While tenant displacement is happening in every New York City borough, the reason behind it differs from neighborhood to neighborhood. An updated, interactive map from the Association for Neighborhood & Housing Development (ANHD) looks at the loss of rent-regulated housing, property sales, construction permits, and evictions across the city’s 763,000 residential properties as a way to determine the risk of residential displacement in every NYC community (h/t Curbed NY).

Explore the map

affordable housing, Hell's Kitchen, housing lotteries

Nearly five years ago, the city rezoned a portion of Hell’s Kitchen to allow the Clinton Housing Development Corporation and developers Taconic Investment Partners and Ritterman Capital to undertake a two-building residential project between 10th and 11th Avenues. The larger of the two, a 22-story rental with 392 units at 525 West 52nd Street, launched an affordable housing lottery for 80 apartments two summer ago. The shorter, 13-story component is located next door at 540 West 53rd Street, and as of today, New Yorkers earning 80, 100, 125, or 165 percent of the area median income can apply for all 102 of its residences. They range from $1,091/month studios to $3,270/month two-bedrooms and have access to amenities including two terraces, children’s “splash pad,” a fitness center, laundry room, and the adjacent public community garden.

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affordable housing, housing lotteries, Upper West Side 

waterline square, upper west side

Applications are now being accepted for 269 affordable apartments across three buildings at a development on the Upper West Side known as Waterline Square. The trio of luxury high-rises is located between West 59th Street and West 61st Street on the Hudson River and contains a new 2.6-acre park. Qualifying New Yorkers earning 60 percent of the area median income can apply for the units, ranging from a $1,041/month studio to a $1,553/month three-bedroom. As 6sqft reported last week, construction at the five-acre waterfront site continues to wrap up.

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affordable housing, Bronx, housing lotteries

1880 Boston Road, slce architects, affordable housing

1880 Boston Road rendering via SLCE Architects

A lottery launched this week for 58 affordable units of senior housing in the West Farms neighborhood of the Bronx. Located at 1880 Boston Road, the development contains 167 affordable apartments with amenities including a yoga room, community room, art studio, library, and a rooftop terrace. The building is just a few blocks south of the Bronx Zoo and sits next to the Bronx River. Available studio and one-bedroom apartments are set aside for seniors who are 62 years or older and who earn a maximum of $31,750 annually. Each eligible resident pays 30 percent of their income and will need to qualify for Section 8.

Find out if you qualify

affordable housing

NYC, nyc skyline, new york

Via Pixabay

Update 9/27/18: City Comptroller Scott Stringer said the report released this week about the decrease in affordable housing contained a major miscalculation, the Wall Street Journal reported Wednesday. Instead of the 1 million affordable apartments lost, as the report stated, the true number is less than half of that, or 425,492 units. According to an updated report, the number of apartments renting for $2,700/month increased by 111,000 units between 2005 and 2017, instead of 238,000 units as originally stated. “While it remains true that affordable housing is declining at an unsettling rate and the gap is still growing, we overstated the pace,” Ilana Maier, a spokesperson for Stringer, said in a statement. “We made a genuine mistake.”

Since 2005, New York City has lost over 1 million affordable apartments, according to a report released by the City Comptroller Scott Stringer on Tuesday. The report, “The Gap is Still Growing,” builds from an original 2014 analysis from the comptroller’s office and shows the number of available units has failed to keep up with the city’s booming population. Between 2005 and 2016, about 576,000 people moved to NYC. But the city added just over 76,000 new units of rental housing.

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affordable housing, Policy, real estate trends

Image via Creative Commons

Recent news of Kushner Companies’ filing of false documents outlining the residential makeup of their buildings in order to get construction permits has prompted a closer look at the practice, which, according to Politico, has been rampant among New York City property owners for years with few consequences. Last month the Department of Buildings fined Kushner Companies $210,000 for repeatedly submitting inaccurate paperwork. Tenant advocacy group Housing Rights Initiative (HRI) will release a report Monday outlining how landlords filed more than 10,000 deceptive PW1s (Plan/Work Applications) in the span of two and a half years.

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