Affordable Housing

Affordable homeownership project will bring 26 new co-ops to a blighted Chelsea corner

Photo courtesy of HPD

July 27, 2022

Affordable homeownership project will bring 26 new co-ops to a blighted Chelsea corner

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A new affordable homeownership project, decades in the making, is underway at 201-207 7th Avenue in Chelsea. The city's Department of Housing Preservation and Development, Council Member Erik Bottcher, and Asian Americans for Equality (AAFE) on Tuesday joined community leaders and residents in a groundbreaking celebration for a project that will turn a neglected corner site located in one of Manhattan's most expensive neighborhoods into co-ops for low and moderate-income households.
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Apply for 160 affordable units at Bedford Union Armory complex in Crown Heights, from $465/month

Image courtesy of the NYC Department of Housing Preservation and Development

July 21, 2022

Apply for 160 affordable units at Bedford Union Armory complex in Crown Heights, from $465/month

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Applications are now being accepted for 160 affordable units at a new rental in the Bedford Union Armory redevelopment in Brooklyn. Located at 1101 President Street in Crown Heights, the building offers residents brand new units and a prime location near Prospect Park. New Yorkers earning 30, 40, 50, and 60 percent of the area median income, or between $18,515 for a single person and $99,300 for a household of seven, are eligible to apply for the apartments, which range from $465/month studios to $1,841/month three bedrooms.
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New affordable housing building in the Bronx has a rooftop greenhouse and aquaponic farm

All images courtesy of Ed Reed/Mayoral Photography Office

July 18, 2022

New affordable housing building in the Bronx has a rooftop greenhouse and aquaponic farm

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A new housing development with more than 100 deeply affordable and supportive apartments, a rooftop greenhouse, and an aquaponic urban farming system officially opened last week. Located at 2865 Creston Avenue in Bedford Park, the project was developed by homeless services nonprofit Project Renewal. Bedford Green House includes social services for residents and amenities that center around healing through nature.
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Lottery opens for 224 units at OMA’s zig-zagging Greenpoint towers, from $1,437/month

Rendering courtesy of Brookfield Properties and Park Tower Group

July 12, 2022

Lottery opens for 224 units at OMA’s zig-zagging Greenpoint towers, from $1,437/month

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A housing lottery opened this week for 224 middle-income units at a new residential development on the Brooklyn waterfront. Located within the Greenpoint Landing development, Eagle+West offers luxury homes, incredible views, high-end amenities, and unparalleled waterfront access. New Yorkers earning 80, 125, and 130 percent of the area median income, or between $51,840 for a single person and $206,875 for a household of seven, can apply for the apartments, ranging from $1,437/month for studios to $3,397/month for three bedrooms.
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22 middle-income units available at new luxury rental in Park Slope, from $2,300/month

Image courtesy of the NYC Department of Housing Preservation and Development

July 11, 2022

22 middle-income units available at new luxury rental in Park Slope, from $2,300/month

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Applications are currently being accepted for 22 middle-income units at a new development in Brooklyn. Located at 262 9th Street in Park Slope, The Deermar is an 11-story residential building offering tenants spacious units and modern amenities, like a landscaped rooftop and fitness center. New Yorkers earning 130 percent of the area median income, or between $78,858 for a single person and $187,330 for a household of five, can apply for the apartments, priced from $2,300/month studios to $3,344/month two bedrooms.
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Lottery opens for 32 low-income units designed for seniors in Hunts Point, from $1,487/month

Image courtesy of the NYC Department of Housing Preservation and Development

July 1, 2022

Lottery opens for 32 low-income units designed for seniors in Hunts Point, from $1,487/month

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A housing lottery launched this week for 32 low-income units at a new development in the Bronx. Located at 661 Manida Street in Hunts Point, the 8-story building offers seniors newly constructed residences and a variety of amenities. New Yorkers earning 80 percent of the area median income, or between $54,343 for a single person and $85,440 for a household of two, are eligible to apply for the apartments, ranging from $1,487/month studios to $1,583/month one-bedrooms.
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55 middle-income units available at CetraRuddy’s new Downtown Brooklyn tower, from $2,307/month

Rendering courtesy of CetraRuddy

June 30, 2022

55 middle-income units available at CetraRuddy’s new Downtown Brooklyn tower, from $2,307/month

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A housing lottery opened this week for 55 middle-income units at a new residential development in Downtown Brooklyn. Located at 22 Chapel Street, the 20-story tower offers its residents a prime location at the intersection of Brooklyn Heights, Dumbo, Fort Greene Park, Boerum Hill, Barclays Center, and the heart of Downtown Brooklyn. New Yorkers earning 130 percent of the area median income, or between $79,098 for two people and $215,150 for a household of seven, are eligible to apply for the apartments, which range from $2,307/month studios to $3,431/month three bedrooms.
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25 low-income units available at 14-story Mott Haven condominium, from $1,576/month

Rendering courtesy of the NYC Department of Housing Preservation and Development

June 27, 2022

25 low-income units available at 14-story Mott Haven condominium, from $1,576/month

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A housing lottery opened this week for 25 low-income units at a new residential development in the Bronx. Located in Mott Haven, 310 Grand Concourse is a 14-story condominium building with 150 total apartments. New Yorkers earning 80 percent of the area median income, or between $56,983 for a single person and $115,280 for a household of five, are eligible to apply for the apartments, which range from $1,576/month studios to $2,002/month two-bedrooms.
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Lottery opens for 25 middle-income units on the Bushwick-Bed-Stuy border, from $2,499/month

Image courtesy of the NYC Department of Housing Preservation and Development

June 22, 2022

Lottery opens for 25 middle-income units on the Bushwick-Bed-Stuy border, from $2,499/month

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A housing lottery opened this week for 25 middle-income units at a new development in Brooklyn. Located on the border of Bed-Stuy and Bushwick, 912 Broadway is an eight-story mixed-use building with 81 total apartments. New Yorkers earning 130 percent of the area median income, or between $85,680 for a single person and $187,330 for a household of five, are eligible to apply for the apartments, which include $2,499/month one-bedrooms and $2,999/month two-bedrooms.
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Lottery opens for 84 affordable units in the Bronx neighborhood of Williamsbridge, from $681/month

Image courtesy of the NYC Department of Housing Preservation and Development

June 20, 2022

Lottery opens for 84 affordable units in the Bronx neighborhood of Williamsbridge, from $681/month

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A housing lottery opened this week for 84 affordable units at a new rental in the Bronx. Located on East 211th and East 212th Streets between White Plains Road and Holland Avenue, Williamsbridge Gardens offers its residents a wide variety of amenities and services for low-income and formerly homeless households. New Yorkers earning 40, 50, 60, 70, and 80 percent of the area median income, or between $26,229 for a single person and $132,400 for a household of seven, are eligible to apply for the apartments, which range from $681/month one-bedrooms to $2,273/month three-bedrooms.
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177 mixed-income apartments available at 52-story Hudson Yards rental, from $1,399/month

Lyra, under construction in Hudson Yards. 2021. © Ondel Hylton

June 17, 2022

177 mixed-income apartments available at 52-story Hudson Yards rental, from $1,399/month

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A housing lottery opened this week for 177 mixed-income units at a new residential skyscraper in Manhattan. Located at 555 West 38th Street in Hudson Yards, Lyra offers its residents thoughtfully crafted apartments and an unparalleled collection of amenities. New Yorkers earning 70 and 130 percent of the area median income, or between $47,966 for a single person and $187,330 for a household of five, are eligible to apply for the apartments, which range from $1,399/month studios to $3,397/month two-bedrooms.
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Adams outlines long-awaited plan to tackle NYC’s housing crisis

Photo courtesy of Ed Reed/Mayoral Photography Office on Flickr

June 16, 2022

Adams outlines long-awaited plan to tackle NYC’s housing crisis

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Mayor Eric Adams on Tuesday finally released a plan to confront New York City's housing crisis.  The plan, titled Housing Our Neighbors: A Blueprint for Housing and Homelessness, addresses the city's range of housing problems with a focus on reforming NYCHA, expanding affordable homeownership opportunities, creating more units of supportive and affordable housing, and eliminating unnecessary administrative barriers to housing for homeless New Yorkers. But unlike many of the affordable housing plans released in recent years, Adams' plan does not set a clear goal for the number of new affordable housing units created.
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New Brooklyn Heights library opens at base of One Clinton luxury condo

Image credit: Gregg Richards courtesy of BPL

June 9, 2022

New Brooklyn Heights library opens at base of One Clinton luxury condo

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The Brooklyn Public Library on Wednesday opened a new branch at 286 Cadman Plaza West in Brooklyn Heights–the second-largest library in the system (Central Library is the largest). The 26,000-square-foot space will include a children's area, a teen library, a multipurpose room with a capacity of 225, public meeting rooms, and lots of spaces to enjoy a book or some quiet thoughts. Located within the base of a new luxury residential tower, the library is the result of an unusual redevelopment plan that also included $40 million in repairs throughout the library system and 100 new affordable apartments elsewhere in Brooklyn.
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Lottery opens for 235 mixed-income units at new Hudson Yards high-rise, from $690/month

Rendering credit: Douglaston Development

June 9, 2022

Lottery opens for 235 mixed-income units at new Hudson Yards high-rise, from $690/month

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Manhattan's largest rental development under construction launched a housing lottery this week for 235 mixed-income apartments. Located slightly south of Hudson Yards at 601 West 29th Street, the 60-story luxury high-rise is part of a two-building development known as 3ELEVEN. Developed by Douglaston Development and designed by FXCollaborative, the massive project includes 938 total apartments and more than 50,000 square feet of indoor and outdoor amenities. Qualifying New Yorkers earning 40, 60, and 100 percent of the area median income can apply for the units, ranging from $690/month studios to $2,342/month two-bedrooms.
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Hochul signs law that unlocks New York’s underused hotel space for use as affordable housing

Governor Kathy Hochul signs hotel conversion bill; photo credit: Darren McGee–Office of Governor Kathy Hochul

June 8, 2022

Hochul signs law that unlocks New York’s underused hotel space for use as affordable housing

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Gov. Kathy Hochul today signed a long-awaited bill that will relax the current rules for converting underutilized hotels into permanent housing. The new legislation allows for Class B hotels within–or within 400 feet of–residentially-zoned districts to operate as permanent residences. It also allows hotels which meet those criteria to be used for permanent housing if they enter into an agreement with the city or receive State financing, through the Housing Our Neighbors with Dignity Act (HONDA).
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57 affordable units available at new South Bronx rental, from $522/month

Photo courtesy of Comunilife

June 7, 2022

57 affordable units available at new South Bronx rental, from $522/month

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A housing lottery opened this week for 57 low-income units at a new residential building in the Bronx. Located at 3401 Third Avenue in Morrisania, the 10-story building, known as El Borinquen, is being developed by Comunilife, a non-profit that provides housing and health services to vulnerable residents. New Yorkers earning 40 and 60 percent of the area median income, or between $17,898 for a single person and $72,060 for a household of three, can apply for the apartments, which range from $522/month studios to $1,065 one-bedrooms.
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421-a tax break will continue to cost NYC revenue for decades after it expires, report finds

Photo by Patrick Tomasso on Unsplash

June 7, 2022

421-a tax break will continue to cost NYC revenue for decades after it expires, report finds

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The 421-a tax abatement program, which gives real estate developers who construct new residential buildings a property tax exemption in exchange for designating a portion of the homes affordable, will expire on June 15 after state lawmakers last week did not renew it during the final day of this year's legislative session. Even with it set to lapse, the controversial program will continue to cost the city revenue for decades, according to a new report. According to findings published Monday by the Independent Budget Office of New York City, the tax abatement program will cost the city over $1 billion annually until 2034, with total costs not ceasing until the fiscal year 2056.
Details here
State lawmakers approve new public trust that could fund repairs at 25,000 NYCHA apartments

photo via Wikimedia

June 6, 2022

State lawmakers approve new public trust that could fund repairs at 25,000 NYCHA apartments

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New York state legislators last week passed legislation that would allow the New York City Housing Authority to raise billions of dollars for desperately needed repairs at 25,000 apartments in the system. Championed by Mayor Eric Adams and proposed by public housing authority chair Gregory Russ, the Public Housing Preservation Trust is seen as a rescue measure for funding needed for the NYCHA system–by far the nation's largest public housing authority. The new public trust could raise billions of dollars to upgrade thousands of units, The City reports.
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Lottery launches for 53 affordable studios for seniors at former illegal Upper West Side hotel

Rendering courtesy of the NYC Department of Housing Preservation and Development

June 3, 2022

Lottery launches for 53 affordable studios for seniors at former illegal Upper West Side hotel

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A building that once operated as an illegal hotel and has been converted into affordable housing for seniors opened a lottery on Friday for 53 apartments. Located at 117 West 79th Street, Park 79 Apartments is a 100 percent affordable housing development with 77 rent-stabilized studio apartments for seniors earning at or below 50 percent of the area median income (AMI), including 24 homes for formerly homeless New Yorkers. Residents, who must be aged 62 years or older to qualify, will pay only 30 percent of their income in rent.
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Mayor Adams proposes changes to city zoning rules to create more housing

Image courtesy of Michael Appleton/Mayoral Photography Office on Flickr

June 2, 2022

Mayor Adams proposes changes to city zoning rules to create more housing

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Mayor Eric Adams wants to turn New York into a city of "Yes in my backyard." During an event hosted by the Association for a Better New York (ABNY) on Wednesday, the mayor introduced three citywide zoning amendments that would spur affordable housing creation, support small businesses, and reduce the city's carbon footprint. Under Adam's "City of Yes" plan, the Zoning for Housing Opportunity amendment would allow for a variety of housing types, make it easier to convert office space into housing, and reduce "unnecessary parking requirements" at developments.
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Developers behind Harlem’s One45 withdraw plan after opposition from local council member

Rendering courtesy of SHoP Architects

June 1, 2022

Developers behind Harlem’s One45 withdraw plan after opposition from local council member

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A proposal to bring two new residential towers with hundreds of affordable housing units to a largely vacant lot in Harlem was scrapped by developers this week. Late on Monday, the developer withdrew the project, known as One45, a few hours before it was set to be voted on by a City Council committee, as Patch first reported. The plan involved two mixed-use towers on the corner of West 145th Street and Lenox Avenue with a total of 915 apartments. The proposal faced fierce opposition from local Council Member Kristin Richardson Jordan, who argued that the new development would displace Harlem's Black residents and contribute to gentrification. Without the zoning changes needed to build One45, the developers could construct a condo building with no affordable housing, a self-storage facility, and a community facility.
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Lottery opens for 23 middle-income units next to Van Cortlandt Park in Riverdale, from $1,800/month

All renderings courtesy of the NYC Department of Housing Preservation and Development

May 31, 2022

Lottery opens for 23 middle-income units next to Van Cortlandt Park in Riverdale, from $1,800/month

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Applications are being accepted for 23 middle-income units at a new residential development in the Bronx. Located at 6375 Broadway in North Riverdale, the seven-story building sits across the street from Van Cortlandt Park, the city's third-largest park at more than a thousand acres. New Yorkers earning 130 percent of the area median income–or between $61,715 annually for a single person and $187,330 for a family of five–are eligible to apply for the apartments, which range from $1,800/month studios to $2,350/month two bedrooms.
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Construction begins on massive $100M affordable complex in Far Rockaway

All renderings by Aufgang Architects

May 27, 2022

Construction begins on massive $100M affordable complex in Far Rockaway

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Construction officially kicked off on a huge housing development that will rise on a former hospital site in Far Rockaway. Edgemere Commons is an 11-building complex with more than 2,000 affordable homes, retail, community space, medical facilities, and outdoor public space planned. The first phase involves the construction of a 17-story building with 194 homes.
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Apply for 268 mixed-income apartments at new 19-story East Harlem tower, from $625/month

Rendering courtesy of S9 Architecture

May 27, 2022

Apply for 268 mixed-income apartments at new 19-story East Harlem tower, from $625/month

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About three years since breaking ground, One East Harlem has launched a housing lottery for 268 affordable apartments. Designed by S9 Architecture, the 19-story tower is located at 201 East 125th Street and contains over 400 units of housing, an affordable grocery store, and a new home for the Caribbean Cultural Center African Diaspora Institute. Qualifying New Yorkers earning 40, 50, 100, and 165 percent of the area median income can apply for the apartments, priced from a $625/month studio to a $3,142/month three-bedroom.
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Lottery opens for six income-restricted co-ops in Hamilton Heights, available to buy from $236K

Photo courtesy of the NYC Department of Housing Preservation and Development

May 25, 2022

Lottery opens for six income-restricted co-ops in Hamilton Heights, available to buy from $236K

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Applications are now open for six income-restricted co-ops available for purchase in Hamilton Heights. The apartments, located at 601 West 148th Street, are available to New Yorkers who earn 95 percent of the area median income, or between $63,288 annually for a single household and $136,895 for a family of five. The units include a single one-bedroom for $235,856 and five two-bedroom apartments, priced at $283,192.
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