Affordable Housing

December 13, 2023

New York to spend $50M restoring single-room occupancy units

New York is paying landlords to renovate and repair single-room occupancy (SRO) apartments as a way to provide housing for vulnerable New Yorkers. Gov. Kathy Hochul on Tuesday announced $50 million will be spent to rehabilitate up to 500 existing SROs across the state. Units in SRO buildings usually include one room with a sink and stove and access to a shared bathroom. A common type of housing in New York City until the second half of the 20th century, SROs cost less than the average apartment and appeal to low-income renters or those struggling with homelessness.
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December 7, 2023

Hochul unveils plan to bring 2,800 homes to underused Creedmoor campus in eastern Queens

Gov. Kathy Hochul on Wednesday released the Creedmoor Community Master Plan, a proposal to redevelop 58 acres of the Creedmoor Psychiatric Center campus in Queens into a mixed-use community with over 2,800 homes, green space, bike infrastructure, retail, and amenities. State-owned Creedmoor has operated as a mental health center since 1912 and hit its peak patient population of 7,000 in 1959. Today, a majority of the campus sits vacant. Queens Borough President Donovan Richards and Empire State Development (ESD), along with the Metropolitan Urban Design Workshop, developed the master plan over six months.
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December 7, 2023

Apply for 56 luxury apartments in Rego Park, from $2,250/month

A housing lottery has opened for 56 middle-income apartments at a new luxury rental building in Queens. Located at 98-08 Queens Boulevard in Rego Park, Vista65 is a 22-story building with over 180 modern apartments and luxurious amenities like an outdoor terrace, fitness center, and a complimentary espresso bar in the lobby. New Yorkers earning 130 percent of the area median income, or between $77,143 for a single person and $198,250 for a household of five, can apply for the units. Apartments are priced at $2,250/month for studios, $2,695/month for one-bedrooms, and $3,295/month for two-bedrooms.
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November 30, 2023

Second phase begins on affordable housing complex at former Bronx juvenile jail

The five-acre mixed-use development at a former juvenile jail site in the Bronx is moving forward. New York City officials on Wednesday broke ground on the second phase of the Peninsula, which will bring over 700 affordable homes and a manufacturing building to Hunts Point. The project's second phase includes two buildings with 359 apartments, a public plaza, a parking garage, and community space. The mixed-use complex is rising on the site of the former Spofford Juvenile Detention Center, which closed in 2011 and was notorious for its mistreatment of children.
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November 29, 2023

Lottery opens for 36 mixed-income apartments in Park Slope, from $834/month

Applications are now being accepted for 36 mixed-income units at a new residential development in Park Slope. Located at 375 Dean Street, the building, dubbed "Signum," rises 17 stories and contains 143 luxury residences. New Yorkers earning 40, 50, 60, 100, and 130 percent of the area median income, or between $31,543 for a single person and $165,230 for a household of three, can apply for the apartments, priced from $834/month for studios to $2,852/month for two-bedroom units.
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November 27, 2023

New Downtown Brooklyn rental opens lottery for 22 middle-income apartments, from $2,924/month

A housing lottery opened this week for 22 middle-income units at a new residential development in Downtown Brooklyn. Located at 131 Concord Street, Amnia offers tenants brand-new residences, luxurious amenities, and a prime spot in the heart of one of Brooklyn's most popular neighborhoods. New Yorkers earning 130 percent of the area median income, or between $100,252 for a single person and $198,250 for a household of five, are eligible to apply for the apartments, priced at $2,924/month for studios, $3,126/month for one-bedrooms, and $3,733/month for two bedrooms.
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November 21, 2023

NYC to pay 15 homeowners up to $400K to build apartments on their properties

The city's Department of Housing Preservation and Development (HPD) on Tuesday launched the "Plus One ADU" pilot program to help qualifying homeowners add an additional small home on their properties, known as an accessory dwelling unit. The city will pay 15 owners of single-family homes up to $395,000 to build the units, which could be backyard cottages, attic conversions, garage studios, basement apartments, or in-law suites. The pilot program aims to spur the creation of affordable housing amid the city's current crisis while also providing homeowners with extra income.
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November 16, 2023

NYC’s first 100% affordable housing development with new public library opens in Sunset Park

The Brooklyn Public Library and Fifth Avenue Committee on Wednesday opened the Sunset Park Library and Apartments, a first-of-its-kind development with 100 percent affordable housing above a new state-of-the-art public library branch. The eight-story mixed-use building at 372 51st Street brings new affordable housing homes to Sunset Park for the first time in two decades. Officials say the project could establish a new model for co-located affordable housing developments in the city.
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November 10, 2023

517-unit luxury development tops out along Gowanus Canal

A huge mixed-use development with over 500 apartments has topped out along the Gowanus Canal. The two-tower, 21-story project at 267 Bond Street and 510 Sackett Street measures over 600,000 square feet and includes 57,300 square feet of retail space and a new park and esplanade along the famously polluted waterfront. Developed by PMG and Carlyle, the development is part of the 2021 Gowanus rezoning effort, which will bring thousands of new homes to the Brooklyn neighborhood. The development, dubbed Society Brooklyn and Sackett Place, has a completion date of 2025.
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November 8, 2023

Coney Island rental a block from the beach opens lottery for 299 units, from $410/month

Applications are being accepted for 299 mixed-income units at a new 100 percent affordable development one block from the beach in Coney Island. The 10-story mixed-use building at 1607 Surf Avenue is the second phase of a development project from BFC Partners that includes 1,000 new affordable homes. New Yorkers earning 30, 50, 70, and 120 percent of the area median income, or between $17,006 for a single person and $210,120 for a household of seven, can apply for the apartments, priced from $410/month studios to $2,656/month three bedrooms.
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November 1, 2023

Lottery opens for 40 middle-income units near the park in Prospect Lefferts Gardens, from $2,350/month

A housing lottery opened this week for 40 middle-income units at a new residential development in Prospect Lefferts Gardens. Located at 210 Clarkson Avenue, the eight-story mixed-use rental building offers residents modern apartments with state-of-the-art amenities and easy access to Prospect Park. New Yorkers earning 130 percent of the area median income, or between $80,572 for a single person and $198,250 for a household of five, can apply for the apartments, priced at $2,350/month for one bedrooms and $2,750/month for two bedrooms.
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October 25, 2023

Supportive housing development for homeless LGBTQ young adults opens in Harlem

A new housing development with supportive services for LGBTQIA+ young adults opened in Harlem this week. Gov. Kathy Hochul and Mayor Eric Adams announced on Tuesday the completion of Homeward Central Harlem, a residential project with 50 apartments and on-site services provided by Homeward NYC, a non-profit that provides housing and support for homeless New Yorkers. The nine-story building at 15 West 118th Street will offer counseling, case management, group activities, skills-building programs, and connections to community resources.
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October 24, 2023

Next to a transit hub and historic park in Jamaica, 67 mixed-income luxury units are available, from $1,585/month

A new rental in Queens is now accepting applications for 67 mixed-income apartments. Located at 153-10 88th Avenue in the heart of Jamaica, The 88 includes luxury units and amenities, including two landscaped rooftop decks. The building sits next to Rufus King Park and is near several public transit lines. New Yorkers earning 80 and 130 percent of the area median income, or between $57,292 for a single person annually and $198,250 for a household of five, can apply for the apartments, which range from $1,585/month studios to $3,075/month two bedrooms.
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October 20, 2023

Bronx Point phase one opens with 542 new homes and a waterfront park

The first phase of a major mixed-use development in the South Bronx has officially opened. Officials on Thursday unveiled 542 new units of affordable housing and a 2.8-acre waterfront public park now complete as part of the $349 million Bronx Point project. The development will also be home to the Universal Hip Hop Museum, which will open in 2025 as the first museum of its kind in the country.
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October 19, 2023

NYC on track to build just 11,000 homes this year, half of 2022 total, report finds

New York City will build just 11,000 new units of housing this year, a sharp decline from the year before and way below the number of homes needed to address the city's current housing crisis. According to a report released Wednesday by the NY Building Congress, construction of new residential units dropped by 62 percent in 2023, due to the expiration of the 421-a tax abatement in combination with high interest rates.
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October 17, 2023

Major Willets Point development with NYC’s first pro soccer stadium enters public review

Plans for a 23-acre mixed-use development in Queens with thousands of affordable housing and New York City's first professional soccer stadium are moving forward. The second phase of the Willets Point project entered the uniform land use review procedure (ULURP) on Monday, which puts the plan in front of the public for feedback before being voted on by the City Council. This phase includes 1,400 of the 2,500 total affordable homes, a new 650-seat public school, 40,000 square feet of public open space, retail space, a 250-key hotel, and the first-ever soccer-specific stadium in the city.
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October 10, 2023

Live in NYC’s first all-electric skyscraper in Downtown Brooklyn, from $763/month

New York City's first all-electric skyscraper launched a housing lottery on Tuesday for 45 mixed-income apartments. The 44-story residential tower in Downtown Brooklyn, previously 100 Flatbush Avenue and now called 505 State Street, will run totally off electricity instead of natural gas and apartments will have sustainable features. New Yorkers earning 40, 60, and 100 percent of the area median income can apply for the apartments, which include studios ranging from $763 to $2,017/month, one-bedrooms from $812 to $2,155/month, two-bedrooms from $965 to $1,502/month, and three-bedrooms from $1,105 to 1,725/month.
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October 9, 2023

30 middle-income luxury apartments available in Morris Heights, from $2,980/month

A housing lottery opened this week for 30 brand-new apartments at a residential building in the Bronx. Located at 1739 Grand Avenue in Morris Heights, the seven-story building offers residents brand-new luxury units with spacious layouts. New Yorkers earning 130 percent of the area median income, or between $99,086 for a single person and $198,250 for a household of five, can apply for the apartments, priced at $2,890/month studios, $3,059/month one-bedrooms, and $3,599/month two-bedrooms.
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October 6, 2023

NYC ends credit checks for families with housing vouchers

New York City is making it easier for New Yorkers to get into affordable homes. Mayor Eric Adams and the Department of Housing Preservation and Development on Thursday announced households with CityFHEPS housing vouchers will no longer have to undergo credit checks when selected for affordable housing, speeding up the process of finding housing for more than 4,000 families a year. According to the city, vouchers guarantee a family can afford the rent, making credit checks unnecessary in the process.
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October 3, 2023

Work begins on 188-unit, mixed-income Chelsea building designed by COOKFOX

Work has begun on a 188-unit residential project in Chelsea. MAG Partners and affordable housing cooperative Penn South on Tuesday broke ground on a seven-story residential building at 335 Eighth Avenue. Developed under the Affordable NY Program, the building will set aside 30 percent of units for low- and middle-income New Yorkers. The development, situated on the corner of West 26th Street and 8th Avenue, will contain ground-floor commercial space, including a 23,000-square-foot Lidl grocery store.
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September 27, 2023

New York seeks proposals transforming Chelsea prison into affordable housing

New York State is moving forward with a plan to transform a former prison in Chelsea into affordable housing. Gov. Kathy Hochul on Tuesday announced a request for proposals (RFP) to redevelop the Bayview Correctional Facility at 550 West 20th Street into a residential development with affordable and supportive housing. The proposals for the 100,000-square-foot site near the High Line must have a minimum of 60 supportive housing units and 15 short-term transitional residences, according to the RFP.
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September 25, 2023

Lottery opens for 230 luxury apartments at huge Greenpoint rental, from $848/month

A two-tower rental development on the Greenpoint waterfront opened a lottery this week for 230 luxury apartments. Designed by CetraRuddy, Tower 77 sits on a former industrial area facing Newton Creek at the northern tip of the Brooklyn neighborhood. New Yorkers earning between 40 and 130 percent of the area median income can apply for the apartments, priced from $848/month for studios to $4,173/month for three bedrooms.
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September 21, 2023

Mayor Adams unveils sweeping plan to create 100K new housing units across NYC

Mayor Eric Adams on Thursday unveiled major reforms to New York City's zoning code to make it easier to build more housing across every neighborhood. The "City of Yes for Housing Opportunity" plan could create 100,000 new apartments over the next 15 years by updating restrictive zoning rules. This could mean allowing new homes above commercial businesses and on campuses, accessory dwelling units, office-to-residential conversions, and other proposals to create "a little more housing in every neighborhood."
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September 19, 2023

Major South Bronx development Bankside opens lottery for 132 apartments, from $2,525/month

The sprawling South Bronx mixed-use development Bankside released another housing lottery this week. Applications are now being accepted for 132 middle-income apartments at Lincoln at Bankside, a four-tower development with 921 apartments and a new public waterfront park. New Yorkers earning 130 percent of the area median income, or between $86,572 for a single person annually and $198,250 for a household of five, can apply for the units, priced from $2,525/month studios to $3,400/month two bedrooms.
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September 15, 2023

Forest Hills rental with new Trader Joe’s opens lottery for 50 middle-income apartments, from $2,750/month

A housing lottery opened this week for 50 middle-income luxury apartments at a new residential development under construction in Forest Hills. Located at 73-65 Yellowstone Boulevard, The Yellowstone offers residents spacious units, indoor and outdoor amenities, and easy access to a new Trader Joe's opening on the building's ground floor. New Yorkers earning 130 percent of the area median income, or between $96,000 for a single person and $198,250 for a household of five, can apply for the apartments, priced between $2,750/month for one-bedrooms and $3,599/month for two-bedrooms.
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