Outside of 432 Park Avenue, Mayor de Blasio held a press conference on Thursday to discuss his mansion tax. The proposal calls for a 2.5 percent surcharge on sales of city homes valued at $2 million or more, which would in turn fund affordable housing for 25,000 senior citizens. De Blasio fittingly positioned himself outside 432 Park because, according to the city, if the proposed tax had been passed, this residence alone would have generated $30.2 million since 2015 in support of housing for low-income seniors. “And that would have been based–and this is stunning to me–on the sale of just 62 condominiums. But it would have meant enough money to subsidize affordable housing for 2,000 seniors,” he said.
When Superstorm Sandy hit the community of Red Hook, thousands of residents were left without power and basic necessities for over two weeks. The neighborhood’s infrastructure suffered substantial damage, with almost all basement mechanical rooms destroyed. In an effort to rebuild Brooklyn’s largest housing development, Red Hook Houses, post-Sandy, the New York City Housing Authority (NYCHA) commissioned a project by architecture firm Kohn Pederson Fox (KPF). Their “Lily Pad” design includes installing 14 “utility pods” that deliver heat and electricity to each building, as well as creating raised earth mounds to act as a flood barrier (h/t Archpaper).
The Van Dyke Houses in Brownsville are a huge NYCHA compex, consisting of 24 buildings. Recently, a $56 million public/private investment went towards constructing the first new development here in decades, a 100-unit supportive and affordable housing building designed by Dattner Architects for a vacant parking lot on the site. Of these apartments, 45 will be leased to NYCHA tenants through a site-based waiting list, 30 to formerly homeless families, and 25 to those earning 60 percent of the area median income. This last group is now available through the city’s housing lottery for $876/month one-bedrooms and $1,058/month two-bedrooms.
Like many cities across the country, New York City’s population is getting older. Today, more than 1.1 million adults over 65, nearly 13 percent of the city’s total population, live in the five boroughs, a number which is expected to rise to over 1.4 million by 2040. In response to both this growth and the Trump administration’s budget cuts to beneficial senior programs like Medicaid and Medicare, City Comptroller Scott Stringer released a new report detailing policies that invest in the city’s seniors (h/t Metro NY).
Bronx Commons via Danois
The $160 million Bronx Commons mixed-use development, located in the borough’s Melrose neighborhood, broke ground in January. When complete, it will combine affordable housing, retail, landscaped public space, and a 300-seat music and arts venue known as Bronx Music Hall. As 6sqft previously reported, the Hall was envisioned as a way to celebrate and revitalize “the deeply rooted history of cutting edge Bronx music,” which nonprofit developers WHEDco and BFC Partners also hoped to address by setting aside 15 percent of the 305 below-market rate apartments for older musicians. But as the Times explains, despite the South Bronx’s past as a hub for jazz and doo-wop music venues and sidemen, the city says this may be in violation of fair housing laws that prohibit preferences based on age or race.
New Yorkers earning 80 percent of the area median income can apply for three newly constructed units at 1319A and 1319B Prospect Avenue in the Morrisania section of the Bronx. The $1,230/month one-bedrooms are located in a 16-unit, two-building project in a leafy residential area not far from the 2 and 5 trains.
363 Bond Street, via Lightstone Group
When the Lightstone Group revealed their two-building, 700-unit, $350 million rental project at 363-365 Bond Street, right on the banks of the notoriously toxic Gowanus Canal, president Mitchell Hochberg said it was inspired by a residential project in the Canal Saint-Martin neighborhood in Paris that helped create a “newly hip atmosphere” near a similarly polluted waterway. Despite the area’s Superfund status, the promise of living in a trendy, up-and-coming area surely appealed to many; when the lottery opened for the 86 affordable units at #365, nearly 60,000 people applied. Now, the lottery is opening for the 54 below-market rate apartments at the under-construction #363, ranging from $833/month studios to $1,082/two-bedrooms, available to those earning 60 percent of the area median income.
Rendering of Mill Brook Terrace courtesy of NYCHA
As part of the New York City Housing Authority’s NextGen initiative–the controversial policy of partnering with private companies to develop housing on open space in existing public housing projects–an affordable senior development is coming to the South Bronx. As reported by NY Yimby, Mill Brook Terrace in Mott Haven will be a nine-story, 169-unit building at 570 East 137th Street and will be set aside for seniors who earn no more than 50 percent of the area media income, or less than $36,250. Designed by Perkins Eastman Architects, the building will include a 9,000-square-foot senior center on the ground floor, which will include a commercial kitchen, community space, activity room and an outdoor garden.
Governor Cuomo announced a $1.4 billion initiative last week to bring resources like health care services and new jobs to Central Brooklyn. According to the governor, the plan, called “Vital Brooklyn,” will bring 7,600 jobs and more than 3,000 new affordable housing units to Brownsville, East New York, Bedford-Stuyvesant and Crown Heights. And while Cuomo’s administration found these neighborhoods to be some of the most disadvantaged in the state, residents worry about the possible gentrification and displacement effects (h/t NY Times).
Starting tomorrow, New Yorkers earning between 50 and 60 percent of the area media income can apply for eight units in the heart of East Williamsburg. The apartments–six one-bedrooms for $1,020/month and two two-bedrooms for $1,224/month–are located at 845 Grand Street, a new contemporary rental building with high-end interiors and a bevy of trendy amenities, including a 4,000-square-foot roof deck with hammocks and a turf lawn, communal backyard, gym with yoga room, bike room, laundry room, and indoor lounge with pool tables.
Just two days after newly appointed Secretary of HUD (the U.S. Department of Housing and Urban Development) Ben Carson went along with plans to cut federal funding to NYCHA by at least $35 million, the Trump administration is reportedly considering decreasing HUD’s total budget by a staggering $6 billion, or 14 percent, according to a leaked budget draft obtained by the Washington Post. Though it’s not clear how the cuts will affect NYC specifically, previous estimates said cuts to NYCHA’s federal aid could easily balloon to $150 million this year, and Mayor de Blasio was already weighing his options for how to deal with the blow. The Wall Street Journal reports that he said yesterday he plans to put aside city money to help fill the gap, but if the city is “cut on many, many fronts simultaneously,” there won’t be enough to cover the loss in federal funding.
Extremely low-income renters face a shortage of affordable housing in every single state and major metropolitan area in the United States, a deficiency of 3.9 million units, according to a report (h/t CityLab) by the National Low Income Housing Coalition (NLIHC). Nationwide, only about 35 affordable housing units exist per 100 extremely low-income homes, labeled as ELI households, and in the New York metro area (as defined by New York-Newark-Jersey City) the results are just as grim with only 32 units available per 100 households at or above the ELI threshold.
The block of East 126th Street between Madison and Park Avenues was once a rare, uninterrupted row of century-and-a-half-old brownstones. But many of them sat vacant in recent years, their windows boarded up and adorned with graffiti. One of these was number 58 in the middle of the block. In 2012, its roof was caving in and its floors collapsing. The city deemed it structurally unsound, as the Times reported at the time, and slated it for demolition. Despite arguments from local preservationists that this would destroy the historic block’s uniformity, the site was replaced with a new modern, mixed-use rental building that extends through to 125th Street. The building, which goes by 69 East 125th Street, topped off this past summer and now its 15 affordable apartments–20 percent of the total 75 rentals–are available through the city’s lottery process. They’re available to those earning 60 percent of the area median income and range from $659/month studios to $797/month two-bedrooms.
A new report from the Regional Plan Association finds that residents of the Bronx are at highest risk of being pushed out due to gentrification compared to other New Yorkers, according to DNAinfo. The report, titled “Pushed Out: Housing Displacement in an Unaffordable Region,” looks at the effect of rising housing costs in New York City and addresses what it names “A Crisis of Affordability.” The report found the threat of being pushed out due to lack of affordable housing was a threat in 71 percent of census tracts in the Bronx. Following in displacement risk was Brooklyn at 55 percent, Manhattan and Queens at 31 percent each and Staten Island at 15 percent.
Just a day after Ben Carson‘s confirmation as Secretary of the U.S. Department of Housing and Urban Development (HUD) last week, the New York City Housing Authority (NYCHA) penned a letter not only inviting him to tour the city’s public housing stock (the largest in the country) but urging him not to support budget cuts that would ultimately affect its 400,000 residents. Roughly $2 billion of NYCHA‘s total $3.2 billion operating budget comes from HUD funding, which is immediately needed for the thousands of apartments in dire need of repairs. But their worst fears have come true, as the Wall Street Journal confirms that Trump’s first budget cuts geared towards the city reduce NYCHA’s support by $35 million, the agency’s largest decrease in federal aid in five years, and this figure could very well grow to an unprecedented $150 million.
The Bedford is a $22 million, 10-story, 60-unit affordable housing building in the Norwood section of the Bronx. Located at 3160 Webster Avenue, right alongside Bronx Park and just a quick walk to both the New York Botanical Garden/Bronx Zoo and Woodlawn Cemetery/Van Cortlandt Park, the project offers a small number of units for formerly homeless New Yorkers and 50 apartments reserved for those earning 50, 60, and 80 percent of the area median income. Applications are now being accepted through the city’s affordable housing lottery for this larger group, which range from $734/studios to $1,745/month three-bedrooms.
In 2005, the Durst Organization and COOKFOX Architects completed a restoration of 11 landmarked rowhouses along the historic, cobblestoned Front Street in the South Street Seaport, preserving the nearly 200-year-old structures. In addition, they constructed three new buildings on the block between Beekman Street and Peck Slip to offer a total of 13 street-level retail spaces and 95 residential units above. The New York State Housing Finance Agency provided more than $46 million in funding for the project, and as such stipulated that five percent of the apartments be reserved as below-market rate. Back in 2012, a waitlist opened for these units, and as of today, the next waitlist is accepting applications. The middle-income homes are available to those earning no more than 150 percent of the area median income and range from $2,268/month studios to $2,913/month two-bedrooms.
Retired neurosurgeon and failed Republican presidential nominee Dr. Ben Carson is officially the Secretary of the U.S. Department of Housing and Urban Development (HUD), which will put him in charge of 8,000 federal employees and an agency with a $47 billion budget, tasked with overseeing most of the nation’s affordable and public housing, enforcing fair housing laws, and providing low-income persons with mortgage insurance. The senate voted yesterday 58-41 to confirm his appointment; the relative lack of Democratic pushback was surprising considering Carson not only has no political experience, but no apparent knowledge of housing, development, or urban issues. Likely with this in mind, the New York City Housing Authority (NYCHA) has already extended an invitation for Carson to come tour the city’s housing developments.
Back in 2012, Megalith Capital Management and Urban Realty Partners bought two neighboring DUMBO sites from the Jehovah’s Witnesses for more than $30 million. They then tapped Aufgang Architects to design both warehouse conversions: a landmarked former Brillo factory at 200 Water Street was transformed into 15 boutique condos; 181 Front Street into a 105-unit rental. Twenty percent of apartments in the latter development are reserved as affordable, and as of tomorrow, New Yorkers earning 60 percent of the area median income can apply for these 21 units, which range from $895/month one-bedrooms to $1,247/month three-bedrooms.
It’s been almost exactly a year since Beyer Blinder Belle released renderings of Essex Crossing‘s site 5, a $110 million, 15-story mixed-use building that will give way to 73,000 square feet of retail space, where Trader Joes and Planet Fitness will move in, and a 15,000-square-foot adjacent park. Located just a block southwest of the Manhattan entrance of the Williamsburg Bridge at 145 Clinton Street, it will have 211 rental units, half of which will be reserved for low- and middle-income individuals. These 104 affordable apartments are now available through the city’s online housing lottery, the first of the mega-development’s 561 affordable residences to come online. They’re set aside for those earning 40, 60, 120, and 165 percent of the area media income and range from $519/month studios to $3,424/month three-bedrooms.