affordable housing

affordable housing, Bronx, housing lotteries

Photo courtesy of Comunilife

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.

Find out if you qualify

affordable housing, Policy

Photo by Patrick Tomasso on Unsplash

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

affordable housing, Policy

NYC affordable housing

photo via Wikimedia

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.

Find out more

affordable housing, housing lotteries, Upper West Side 

Rendering courtesy of the NYC Department of Housing Preservation and Development

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.

Find out more

affordable housing, Policy

Image courtesy of Michael Appleton/Mayoral Photography Office on Flickr

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.

Find out more

affordable housing, gentrification, Harlem

Rendering courtesy of SHoP Architects

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.

Get the details here

affordable housing, Bronx, housing lotteries

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

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.

Find out if you qualify

affordable housing, Construction Update, Far Rockaway, Queens

Edgemere Commons, Edgemere Queens, Aufgang Architects, Arker Companies

All renderings by Aufgang Architects

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.

Find out more

affordable housing, Harlem, housing lotteries

One East Harlem, 201 East 125th Street, S9 Architecture

Rendering courtesy of S9 Architecture

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.

Do you qualify?

affordable housing, Hamilton Heights, housing lotteries

Photo courtesy of the NYC Department of Housing Preservation and Development

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.

Find out if you qualify

SIGN UP FOR OUR NEWSLETTERS

Thank you, your sign-up request was successful!
This email address is already subscribed, thank you!
Please provide a valid email address.
Please complete the CAPTCHA.
Oops. Something went wrong. Please try again later.