Affordable Housing

South Bronx development Bankside opens lottery for 145 middle-income units, from $2,525/month

Renderings courtesy of ArX Solutions

February 23, 2023

South Bronx development Bankside opens lottery for 145 middle-income units, from $2,525/month

By
Applications are currently being accepted for newly-constructed middle-income apartments at the massive mixed-use development Bankside in the South Bronx. As part of the project's second phase, Lincoln at Bankside contains 921 apartments, 145 of which are rent-restricted and available through the housing lottery. Qualifying New Yorkers earning between $86,572 annually for a single-person household and $215,150 annually for a household of seven can apply for the apartments, priced from $2,525/month studios to $4,373/month three-bedroom apartments.
Do you qualify?
Lottery opens for 127 affordable apartments at sustainable, supportive development in the Bronx

Rendering courtesy of the NYC Department of Housing Preservation and Development

February 21, 2023

Lottery opens for 127 affordable apartments at sustainable, supportive development in the Bronx

By
A major new housing development in the Bronx is currently accepting applications for 127 newly constructed affordable apartments. Designed by Aufgang Architects, The Bronx Grove consists of two sustainable 11-story buildings in Bedford Park, a neighborhood home to Fordham University and the New York Botanical Garden. Qualifying New Yorkers earning 30, 40, 50, 70, and 80 percent of the area median income can apply for the apartments. For a handful of apartments available through the lottery, eligible residents will pay 30 percent of their income.
Get the details
New luxury rental on the Lower East Side launches lottery for 95 mixed-income units, from $710/month

Rendering courtesy of Dattner Architects

February 13, 2023

New luxury rental on the Lower East Side launches lottery for 95 mixed-income units, from $710/month

By
Applications are now being accepted for 95 mixed-income units at a new development on the Lower East Side. Located at 55 Suffolk Street, The Suffolk rises 30 stories, contains 378 total residences, and boasts amenities like a rooftop pool, outdoor terrace, and fitness club. New Yorkers earning 40, 50, and 100 percent of the area median income can apply for the available apartments, priced between $710/month for studios and $2,810/month for three-bedrooms.
Do you qualify?
Brooklyn Heights rental with rooftop terrace launches housing lottery, from $1,528/month

Photo Credit: 200 Montague Street, Courtesy of MNS Real Estate

February 7, 2023

Brooklyn Heights rental with rooftop terrace launches housing lottery, from $1,528/month

By
A 20-story rental in Brooklyn Heights has opened a housing lottery for 38 mixed-income apartments. Designed by Beyer Blinder Belle, 200 Montague Street features a unique dark facade with a polished granite base and bronze-tone metal detailing, an interpretation of the neighborhood's historic architecture. Qualifying New Yorkers earning 80 and 130 percent of the area median income can apply for the apartments, priced from a $1,528/month studio to a $3,918/month three-bedroom.
Find out if you qualify
Manhattan borough president sees the city’s vacancies as opportunities for creating new housing

Image courtesy of mari small on Unsplash

February 2, 2023

Manhattan borough president sees the city’s vacancies as opportunities for creating new housing

By
Manhattan Borough President Mark Levine released a report this week outlining 171 locations in the borough he believes can be turned into more than 73,000 new homes. The report, titled "Housing Manhattanites," seeks to address Manhattan's housing shortage and answer a critical question: "Where in our borough can we build the housing that Manhattanites so desperately need?" Of these housing opportunities, Levine explained to the New York Times: "Some of it is hiding in plain sight. There has been a Post Office that has been closed. There’s an abandoned bus depot that is not being used. There’s manufacturing space which is empty. There are buildings that landlords surrendered to the city for back taxes decades ago."
Find out more
Lottery opens for 144 mixed-income units at new Chelsea rental with lots of green space, from $1,329/month

Rendering courtesy of NYC Housing Preservation and Development

February 2, 2023

Lottery opens for 144 mixed-income units at new Chelsea rental with lots of green space, from $1,329/month

By
Applications are now being accepted for 144 mixed-income apartments at the currently under-construction development known as Ruby at 241 West 28th Street in Chelsea. Upon completion later this year, the 25-story mixed-use building will have 480 rental apartments, 8,500 square feet of ground-floor retail, landscaped gardens, and an impressive menu of amenities including rooftop pools, terraces, and lounges. The affordable units are available to New Yorkers earning between 70 and 130 percent of the area median income, or between $48,138 for a single person and $130,046 for a five-person household. Apartments range from $1,329/month for studios to $3,793 for two bedrooms.
Find out if you're eligible
Sunset Park senior rental launches lottery for 57 affordable apartments

Rendering courtesy of the NYC Department of Housing Preservation and Development

January 26, 2023

Sunset Park senior rental launches lottery for 57 affordable apartments

By
A housing lottery launched this week for 57 affordable apartments at a new senior housing project in Sunset Park. Located at 6309 4th Avenue on the site of the former Zion Lutheran Church, the Sunset Ridge Senior Apartments comprises a new nine-story building and two existing adjacent townhomes. Applicants must have at least one household member who is 62 years of age or older, qualify for Section 8 benefits, and earn no more than $60,500 as a family of three. Eligible New Yorkers will pay 30 percent of their income for the available studio and one-bedroom apartments.
Find out if you qualify
Lottery launches for 53 luxury apartments at new Crown Heights rental, from $1,576/month

Rendering courtesy of StudioSC

January 24, 2023

Lottery launches for 53 luxury apartments at new Crown Heights rental, from $1,576/month

By
Applications are currently being accepted for 53 mixed-income apartments at a new luxury rental in Crown Heights. Located between Grand and Classon Avenues, the building at 1010 Pacific Street, dubbed Pacific House, rises nine stories, contains 175 total units, and offers residents a fitness center, a unique library room, and a large landscaped rooftop. New Yorkers earning 80 and 130 percent of the area median income can apply for the apartments, priced from $1,576/month for studios.
Do you qualify?
In Harlem, controversial truck depot opens on site of failed housing project

Rendering courtesy of SHoP Architects

January 19, 2023

In Harlem, controversial truck depot opens on site of failed housing project

By
On the Harlem lot where a residential development with hundreds of housing units was once proposed, a truck depot opened this week. As Patch first reported, the first trucks drove on Wednesday to the stop on West 145th Street, the site of the One45 proposal. After the council member refused to support the new mixed-use development, citing gentrification and lack of affordable housing, the developer scrapped the plan in May and moved forward with one that did not require zoning changes. The depot can hold up to 200 vehicles.
Find out more
Apply for 122 mixed-income apartments in Forest Hills, from $738/month

Renderings courtesy of FXCollaborative

January 17, 2023

Apply for 122 mixed-income apartments in Forest Hills, from $738/month

By
Applications are now being accepted for 122 mixed-income units at a new housing complex in Forest Hills. Apex Place is a residential development with three buildings, 440 units of housing, and shared green spaces. New Yorkers earning 50, 70, 110, and 140 percent of the area median income, or between $28,252 for a single person and $231,700 for a household of seven people, are eligible to apply for the apartments, priced between $738/month studios and $2,975/month three bedrooms.
Find out if you qualify
Wellness-focused housing development with 238 affordable units coming to Bed-Stuy

All renderings courtesy of Marvel Design

January 17, 2023

Wellness-focused housing development with 238 affordable units coming to Bed-Stuy

By
A wellness-focused housing development is coming to Bed-Stuy. The city's Department of Housing Preservation and Development last week selected the "The Steps at Saratoga" proposal from RiseBoro, IMPACCT Brooklyn, and Urbane Development. Planned for the corner of Fulton Street and Saratoga Avenue, the project consists of two new buildings with 238 affordable apartments, including 158 units for low-income families and 80 for seniors. The development will offer residents several wellness and food justice programs, including access to a food co-op, a demonstration kitchen, a greenhouse, and a center dedicated to elderly care.
Details here
Hochul proposes new housing targets for every locality in New York

Photo courtesy of Gov. Kathy Hochul’s Office on Flickr

January 11, 2023

Hochul proposes new housing targets for every locality in New York

By
To spur housing development in New York, Gov. Kathy Hochul on Tuesday unveiled a proposal that would require every locality in the state to meet home creation targets. During her 2023 State of the State address, the governor announced plans to build 800,000 new homes over the next decade to address the current housing crisis. The new initiative, dubbed the New York Housing Compact, requires all cities, towns, and villages to hit home creation goals on a three-year cycle.
Get the details
NYC’s plan to convert office space into housing could create 20,000 homes

Photo by Tomas Anton Escobar on Unsplash

January 10, 2023

NYC’s plan to convert office space into housing could create 20,000 homes

By
In December, Mayor Eric Adams and Gov. Kathy Hochul announced a plan to address the needs of post-pandemic New York by creating mixed-use neighborhoods in central business districts to draw more residents, businesses, and tourists. The plan advocated for the much-discussed idea of converting vacant office buildings into homes, a solution that tackles both the city's housing crisis and lagging retail growth by making zoning laws more flexible. On Monday, Adams announced a list of specific recommendations for converting underused offices into 20,000 homes for 40,000 New Yorkers over the next decade.
Find out more
Stuy Town tenants win lawsuit to keep apartments rent stabilized

Image via WikiCommons

January 9, 2023

Stuy Town tenants win lawsuit to keep apartments rent stabilized

By
More than 6,000 apartments at Manhattan's largest apartment complex will remain rent-regulated after a judge last week ruled in favor of Stuyvesant Town-Peter Cooper Village tenants. State Supreme Court Justice Robert Reed determined Stuy Town landlord Blackstone Group's attempt to deregulate the apartments was unlawful, becoming the first major tenant-led effort against developers that tested the integrity of the state's 2019 Housing Stability and Tenant Protection Act.
Find out more
Apply for 15 mixed-income units in Clinton Hill, from $1,036/month

Rendering courtesy of Aufgang Architects

January 6, 2023

Apply for 15 mixed-income units in Clinton Hill, from $1,036/month

By
Applications are now being accepted for 15 mixed-income units at a new residential development in Brooklyn. Located at 108 Downing Street in Clinton Hill, the 8-story building offers residents spacious units and a prime location in the heart of Brooklyn. New Yorkers earning 70, 80, and 120 percent of the area median income, or between $38,160 for a single person and $172,920 for a household of five people, can apply for the units, which range from $1,036/month studios to $2,883/month two bedrooms.
Find out if you qualify
NYC lost over 100,000 rent-stabilized units since 2019, according to report

Photo by Avi Werde on Unsplash

December 27, 2022

NYC lost over 100,000 rent-stabilized units since 2019, according to report

By
Despite a 2019 state law that largely prohibits landlords from deregulating rent-regulated apartments, the number of rent-stabilized units in New York City has dropped significantly, as first reported by The City. These findings indicate that there are potentially thousands of tenants who are currently paying rent that is more than the previously regulated amounts. These tenants also lack the rights given to New Yorkers living in rent-regulated units, like guaranteed lease renewals and restricted rent hikes.
See more here
Waitlist opens for affordable rentals at copper-clad dancing towers in Murray Hill, from $832/month

Photo via Wikimedia

December 27, 2022

Waitlist opens for affordable rentals at copper-clad dancing towers in Murray Hill, from $832/month

By
A waitlist has opened to fill affordable apartments available now and for future vacancies at an architectural standout in Murray Hill. The Copper, originally known as the American Copper Buildings, is a pair of luxury rental towers at 626 First Avenue with a three-story sky bridge connecting the two buildings. New Yorkers earning 60 percent of the area median income can apply for a spot on the wait list for the apartments, which are priced between $832/month to $1,311/month on NYC Housing Connect.
Do you qualify?
Lottery opens for 45 mixed-income rentals a block from Green-Wood Cemetery, from $1,473/month

Image courtesy of the NYC Department of Housing Preservation and Development

December 23, 2022

Lottery opens for 45 mixed-income rentals a block from Green-Wood Cemetery, from $1,473/month

By
A housing lottery opened this week for 45 mixed-income units at a new residential development in Brooklyn. Located at 875 4th Avenue in Greenwood, the luxury rental rises eight stories and has 150 apartments. New Yorkers earning 80 and 130 percent of the area median income, or between $53,863 for a single person and $187,330 for a household of five people, can apply for the apartments, priced from $1,473/month studios to $2,975/month two bedrooms.
See more here
Proposal calls for transforming NYC’s commercial districts into 24/7 destinations

Photo by Patrick Tomasso on Unsplash

December 15, 2022

Proposal calls for transforming NYC’s commercial districts into 24/7 destinations

By
Gov. Kathy Hochul and Mayor Eric Adams on Wednesday announced a new plan to improve New York City as a place to live and work and help prepare it for a post-pandemic world. An essential part of the plan involves the reimagination of the city's central business districts, Midtown and Lower Manhattan, by transforming them into dynamic, mixed-use neighborhoods that will draw more residents, businesses, and tourists. The plan also includes proposals to transform public space by expanding preexisting pedestrian spaces and envisioning new projects for the public realm.
See more here
Adams unveils plan to create 500K new homes by 2032

Image courtesy of Michael Appleton/Mayoral Photography Office on Flickr

December 9, 2022

Adams unveils plan to create 500K new homes by 2032

By
New York City Mayor Eric Adams on Thursday unveiled a new, three-part strategy to tackle the city's affordable housing crisis. Dubbed "Get Stuff Built," the plan aims to address the housing crisis by accelerating the creation of new housing, setting a "moonshot" goal of creating 500,000 new homes over the next decade.
See more here
City Council approves Boerum Hill rezoning that will create 450 affordable housing units

Street view of 280 Bergen Street © Google

December 8, 2022

City Council approves Boerum Hill rezoning that will create 450 affordable housing units

By
The New York City Council on Wednesday voted to approve the rezoning of nearly an entire block in Boerum Hill that will make way for 450 new housing units, roughly 50 percent of which will be fully affordable. The rezoning includes a stretch of Nevins Street to Bond Street between Wyckoff Street and Bergen Street, the last manufacturing block in Boerum Hill.
Find out more
NYC Council approves two projects that together bring 5,000 apartments to Brooklyn and Queens

Rendering of the proposed Innovation QNS district. Image courtesy of VERO Digital

November 23, 2022

NYC Council approves two projects that together bring 5,000 apartments to Brooklyn and Queens

By
The New York City Council on Tuesday voted to approve rezonings Innovation QNS in Astoria and Innovative Urban Village in East New York, two mixed-use districts that will create more than 5,000 units of housing, with 65 percent of them designated affordable. Over 34 percent, or 1,900 of the new housing units, will be deeply affordable for extremely or very low-income households.
Details here
Two major projects that would bring 3,200+ affordable homes to Brooklyn and Queens get key approval

Rendering of the proposed Innovation QNS district. Image courtesy of VERO Digital

November 18, 2022

Two major projects that would bring 3,200+ affordable homes to Brooklyn and Queens get key approval

By
Two major housing developments proposed for Brooklyn and Queens are moving forward. The New York City Council Committee on Zoning and Franchises on Thursday voted to approve rezonings Innovation QNS and Innovative Urban Village, which together would create more than 5,000 units of housing, 3,200 of which would be affordable. The two developments also include over 1,600 apartments for extremely or very low-income households.
Find out more
Lottery opens for 72 affordable co-ops in Soundview, available to buy from $183K

Rendering courtesy of the NYC Department of Housing Preservation and Development

November 17, 2022

Lottery opens for 72 affordable co-ops in Soundview, available to buy from $183K

By
A housing lottery opened for 72 newly-constructed co-ops available for purchase in the South Bronx. Located at 1715 Lacombe Avenue in Soundview, the apartments are available to New Yorkers earning 80, 83, and 90 percent of the area median income, or between $61,030 for a single person and $148,950 for a household of seven. The homes are priced between $183,700 for a one-bedroom and $275,000 for a three-bedroom.
Find out if you qualify
NYC’s first professional soccer stadium will open in Queens

A conceptual rendering, courtesy of S9 Architecture

November 16, 2022

NYC’s first professional soccer stadium will open in Queens

By
New York City's first professional soccer stadium will be built in Queens, officials announced Wednesday. The major mixed-use development is proposed for Willets Point, across the street from Citi Field. In addition to a 25,000-seat stadium for the New York City Football Club, the 23-acre project also includes a hotel, thousands of affordable housing units, and a new public school. As first reported by the New York Times, the stadium is expected to be completed by 2027.
More here
Pitch a story icon

Pitch a Story

We love to hear from you!

"*" indicates required fields

Interested in seeing the property in person?

It’s free, with no obligation.

CityRealty Logo

"*" indicates required fields

or Call (212) 755-5544

Interested in seeing the property in person?

It’s free, with no obligation.

CityRealty Logo

Distinctive Post Form

"*" indicates required fields

or Call (212) 755-5544
Contact us image

Get in Touch

We love to hear from you!

"*" indicates required fields

Send us a tip image
Delivering New York stories focused on design, lifestyle & real estate.

Send us a Tip

We love to hear from you!

"*" indicates required fields

Interesting in learning more about purchasing a new home?

Let us know what you are looking for and we’ll help you find the home of your dreams. It’s free, with no obligation.

CityRealty Logo
or Call (212) 755-5544

Thinking about selling your home?

We’ll provide current market comps and connect you with a trusted expert.

CityRealty Logo

Sell a Home (Footer)

"*" indicates required fields

or Call (212) 755-5544

Before You Move On
from this Page.

Subscribe for NYC's Lastest Design, Lifestyle,
and Real Estate Trends!

No Worries. We Don’t Spam.

By providing your email address, you agree to our Terms of Use and Privacy Policy.
You can unsubscribe at any time.

Your Daily Dose
of NYC Life!

No Worries. We Don’t Spam.

By providing your email address, you agree to our Terms of Use and Privacy Policy.
You can unsubscribe at any time.