Affordable Housing

New York lawmaker proposes converting empty offices and hotels into affordable housing

Photo by Dimitry Anikin on Unsplash

March 3, 2021

New York lawmaker proposes converting empty offices and hotels into affordable housing

By Devin Gannon

A state lawmaker introduced legislation this week that would allow New York to buy financially distressed commercial buildings and convert them into housing for low-income and homeless New Yorkers. The Housing Our Neighbors with Dignity Act, sponsored by State Sen. Michael Gianaris, includes the purchase and conversion of office buildings and hotels that are up for sale, as the Wall Street Journal first reported. The proposed legislation comes as commercial districts and tourist hubs have yet to recover fully from the impact of the coronavirus and as the housing crisis, particularly in New York City, continues.
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Apply for 127 affordable apartments in Mott Haven, from $522/month

Photo by Nelson Mejia Jr. via Flickr cc

March 3, 2021

Apply for 127 affordable apartments in Mott Haven, from $522/month

In the Mott Haven section of the Bronx, an affordable housing lottery has launched for 127 apartments, ranging from $522/month studios to $2,037/month three-bedrooms. The units are available to those earning 30, 40, 50, 60, 70, and 80 percent of the area median income. Located at 345 St. Ann's Avenue, the newly constructed mixed-use building is called Park Haven and offers tenants a laundry room, fitness center, and landscaped terrace. In addition, there will be a grocery store and a community facility on the ground floor.
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Affordable Housing

New affordable housing lottery launches at StuyTown, one-bedrooms from $1,200/month

Photo via Stuyvesant Town

March 2, 2021

New affordable housing lottery launches at StuyTown, one-bedrooms from $1,200/month

From today until March 31st, New Yorkers earning 165 percent of the area median income can apply for a new set of affordable apartments at StuyTown. The available units start at $1,200/month for one-bedrooms, $1,400/month for two-bedrooms, and $1,800/month for three-bedrooms. They're located in both Stuyvesant Town and Peter Cooper Village and, of course, come with perks like the complex's plethora of outdoor space, amenity package, and prime East Village/Gramercy location.
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Affordable Housing

Lottery opens for 330 middle-income units at 5Pointz towers in Long Island City, from $1,850/month

View of 5 Pointz LIC in September 2020; Photo: © CityRealty

February 25, 2021

Lottery opens for 330 middle-income units at 5Pointz towers in Long Island City, from $1,850/month

By Devin Gannon

View of 5 Pointz LIC in September 2020; Photo: © CityRealty A housing lottery launched this week for 337 rental units at the pair of residential towers in Queens that replaced the famed graffiti-covered warehouse 5Pointz. Located at 22-44 Jackson Avenue in Long Island City, the development, dubbed 5 Pointz LIC, contains two buildings, one at 47 stories and the other at 41, and over 1,100 units of housing. New Yorkers earning 130 percent of the area median income can apply for the apartments, which range from $1,850/month studios to $3,200/month three-bedrooms.
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Affordable Housing

Lottery opens for 351 mixed-income apartments in Downtown Jamaica, from $524/month

Rendering courtesy of Omni New York

February 18, 2021

Lottery opens for 351 mixed-income apartments in Downtown Jamaica, from $524/month

By Devin Gannon

Applications are now being accepted for 351 mixed-income apartments at a new rental building in Jamaica, Queens. Dubbed Archer Green, the development is located at 92-23 168th Street and will feature 15,000 square feet of community space and more than 68,000 square feet of retail. New Yorkers earning 40, 60, 100, and 130 percent of the area median income can apply for the apartments, ranging from $524/month studios to $2,638/month three-bedrooms.
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Affordable Housing

Apply for 89 mixed-income apartments in Bed-Stuy, from just $524/month

Photo via CityRealty

February 18, 2021

Apply for 89 mixed-income apartments in Bed-Stuy, from just $524/month

A mixed-income affordable housing lottery has opened for 89 units at 645 Gates Avenue in Bed-Stuy. The apartments, which range from $524/month studios to $2,638/month three-bedrooms, are available to those earning 40, 50, 100, and 130 percent of the area median income. The building, known as The Astra, offers an outdoor terrace, roof deck, bike storage, a laundry room, rec room, and community center. It's in the heart of the neighborhood and a short walk to the G train at the Bedford-Nostrand station.
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Affordable Housing

Plan for 900-foot tower with 1,325 rentals at 5 World Trade Center moves forward

Photo by bilderkombinat berlin on Flickr

February 12, 2021

Plan for 900-foot tower with 1,325 rentals at 5 World Trade Center moves forward

By Devin Gannon

Plans to build a 900-foot mixed-use tower with 1,325 units of housing at 5 World Trade Center are moving forward. The boards of the Port Authority of New York and New Jersey and the Lower Manhattan Development Corporation voted on Thursday to approve the recommendation of the selection committee for the proposal from Brookfield Properties, Silverstein Properties, Omni New York, and Dabar Development Partners. The site is the former location of the Deutsche Bank building which was damaged in the September 11 terrorist attacks and later demolished. The developer will now enter negotiations for a lease for the residential tower, expected to measure 1.56 million gross square feet.
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Lottery opens for 94 mixed-income units at new Bed-Stuy rental, from $667/month

Rendering courtesy of BFC Partners

February 9, 2021

Lottery opens for 94 mixed-income units at new Bed-Stuy rental, from $667/month

By Devin Gannon

A housing lottery launched this week for 94 mixed-income apartments at a new rental in Bedford-Stuyvesant. Located at 1620 Fulton Street, the Garnet rises 11 stories and contains 103 total units. Building perks include a landscaped terrace, fitness center, children's playroom, storage room, and on-site laundry. Qualifying New Yorkers earning 50, 100, and 150 percent of the area median income can apply for the apartments, ranging from $667/month studios to $2,741/month two-bedrooms.
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Affordable Housing

Apply for 43 affordable units at new amenity-rich rental in Long Island City, from $2,050/month

All renderings courtesy of Astor LIC

February 5, 2021

Apply for 43 affordable units at new amenity-rich rental in Long Island City, from $2,050/month

At the crossroads of two of Queens' most sought-after neighborhoods, Long Island City and Astoria, an affordable housing lottery has just launched for 43 units. The new, lifestyle-forward rental development, located at 36-20 Steinway Street and dubbed Astor LIC, offers studios, one-, and two-bedroom residences, all of which were designed with luxury in mind. In addition, the amenities include a state-of-the-art fitness center, co-working space, and two rooftop terraces with views of the Manhattan skyline. The affordable units range from $2,050 to $3,100 per month and are available to those earning 130 percent of the area median income.
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Affordable Housing

Lottery launches for 35 affordable units at wellness-themed Chelsea condo-rental, from $995/month

All renderings by Williams New York

February 2, 2021

Lottery launches for 35 affordable units at wellness-themed Chelsea condo-rental, from $995/month

Maverick Chelsea, a new wellness-focused condo-rental at 215-225 West 28th Street from HAP Investments, just launched an affordable housing lottery for 35 units, ranging from $995/month studios to $1,681/month three-bedrooms. Designed by DXA Studio, the contemporary residence is a two-building project that includes 112 rentals and 87 condos. Residents will get to enjoy amenities like an indoor pool and spa, summer kitchen, rooftop garden, wellness center, private library and lounge, fitness center, and 24-hour attended lobby.
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Affordable Housing

Popular Articles

How Joe Biden will affect NYC’s renters, real estate, and recovery

Photo by Gage Skidmore on Flickr

January 20, 2021

How Joe Biden will affect NYC’s renters, real estate, and recovery

By Devin Gannon

After Joe Biden is sworn in as the 46th president of the United States on Wednesday, his immediate focus will be getting the coronavirus pandemic under control and providing direct relief to Americans. In addition to immediate actions related to COVID-19, Biden's Day 1 housing priorities include extending the federal nationwide moratorium on residential evictions through the end of September and sending an additional $25 billion in rental assistance to states. Down the road, Biden has proposed fewer developer-friendly policies than his predecessor, including a repeal of the 1031 exchange and reform of the Opportunity Zone tax program. But overall, there is optimism among New York City real estate industry experts who see a Biden Administration as a way to restore stability and consumer confidence. With a pledge to defeat COVID-19 and send federal support to New York City, there's hope on the horizon for the city's recovery.
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Construction set to begin at huge South Bronx complex with Universal Hip Hop Museum

Rendering courtesy of S9 Architecture

January 6, 2021

Construction set to begin at huge South Bronx complex with Universal Hip Hop Museum

By Devin Gannon

Construction of the South Bronx mixed-use project that will have over 1,000 units of housing, a waterfront esplanade, and a permanent home for the Universal Hip Hop Museum is set to begin in the coming weeks. Developed by L+M Development Partners, Type A Projects, BronxWorks, and the city of New York in a public-private partnership, the project, known as Bronx Point, secured $349 million in financing last week. S9 Architecture is leading the design of the 22-story development, with the publicly-accessible open space along the Harlem River designed by Marvel Architects and Abel Bainnson Butz.
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Lottery opens for 223 mixed-income apartments in the South Bronx, from $354/month

All images courtesy of Phipps Houses

December 14, 2020

Lottery opens for 223 mixed-income apartments in the South Bronx, from $354/month

By Devin Gannon

A housing lottery launched last week in the South Bronx for over 200 affordable homes set aside for extremely-low to moderate-income households. Located in Soundview, the newly-constructed 12-story Metcalf Avenue Apartments offers residents on-site laundry, children's playroom, roof deck, landscaped courtyard, and a community room. Qualifying New Yorkers earning 30, 50, 70, 90, and 110 percent of the area median income can apply for the units, which range from $354/month studios to $2,346/month three-bedroom apartments.
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Affordable Housing

Lottery opens for 58 affordable senior apartments near Brooklyn College in Flatbush

Photo of Brooklyn College Library by Beyond My Ken on Wikimedia

December 4, 2020

Lottery opens for 58 affordable senior apartments near Brooklyn College in Flatbush

By Devin Gannon

A housing lottery has launched this week for 58 affordable apartments for senior New Yorkers at a new Brooklyn rental. Located at 1488 New York Avenue, the Bishop Philius and Helene Nicolas Senior Residences rises seven stories and contains 89 studio apartments and social services for residents. To apply, New Yorkers must have at least one household member who is 62 years of age or older, qualify for Section 8 benefits, and earn $45,500 or less, annually. Eligible applicants will pay 30 percent of their income for the studio apartments.
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Affordable Housing

112 affordable apartments in East New York, from $331/month

Photo credit: The Arker Companies

December 3, 2020

112 affordable apartments in East New York, from $331/month

By Devin Gannon

A housing lottery launched this month for 112 affordable apartments at a new complex in the Spring Creek section of East New York. The building at 881 Erskine Street sits within The Fountains development, a mixed-use project of six buildings that will ultimately bring more than 1,100 affordable homes to the area. Qualifying New Yorkers earning 30, 40, and 60 percent of the area median income can apply for the apartments, which range from $331/month studios to $1,472/month three-bedroom apartments.
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Affordable Housing

Apply for 48 middle-income units at new Long Island City rental, from $2,156/month

Photo by Harry Gillen on Unsplash

December 2, 2020

Apply for 48 middle-income units at new Long Island City rental, from $2,156/month

By Devin Gannon

Applications are now being accepted for 48 units below market rate at a newly constructed Long Island City rental. Located at 45-57 Davis Street, the nine-story development contains over 150 units and commercial space on the ground floor. Qualifying New Yorkers earning 130 percent of the area median income can apply for the units, which range from $2,156/month studios to a $3,122/month three-bedroom. The median rental price for market-rate units in the neighborhood is $2,700/month, according to CityRealty.
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Affordable Housing

All 950 units at city’s Gowanus housing development will be affordable

Rendering courtesy of Marvel Architects/SCAPE Landscape Architects

November 23, 2020

All 950 units at city’s Gowanus housing development will be affordable

By Devin Gannon

The city's proposed six-building residential development in Gowanus will be 100 percent affordable, officials announced last week. The Gowanus Green project, part of Mayor Bill de Blasio's administration's plan to rezone the Brooklyn neighborhood, will contain 950 units of affordable housing, with at least 50 percent designated to extremely low and very low-income households. Previously, the plan called for roughly 74 percent of units to fall below the market rate.
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Lottery opens for 122 affordable senior housing units in new Bronx building with lots of green space

All renderings by SLCE Architects

November 17, 2020

Lottery opens for 122 affordable senior housing units in new Bronx building with lots of green space

In the Tremont section of the Bronx, just south of Little Italy and just west of the Bronx Zoo and Botanical Garden, a new affordable senior housing complex has launched a lottery for 122 units. Located at 600 East 179th Street, the 176-unit building was designed by SLCE Architects and features environmentally friendly features such as two large terraces and a rear garden, including both indoor and outdoor vegetable gardens, and a green wall. The available apartments include studios and one-bedrooms for those earning 30 or 50 percent of the area median income, who will pay 30 percent of their income on rent.
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Affordable Housing

86 middle-income apartments up for grabs at new Downtown Brooklyn rental, from $2,241/month

Photo by LWYang on Flickr

November 16, 2020

86 middle-income apartments up for grabs at new Downtown Brooklyn rental, from $2,241/month

By Devin Gannon

A new housing lottery has launched for 86 middle-income apartments at a brand new residential building in Downtown Brooklyn. Designed by J Frankl Associates and Charles Mallea, 260 Gold Street rises 13 stories on a former parking at the corner of Tillary and Gold. Qualifying New Yorkers earning 130 percent of the area median income can apply for the apartments, which include $2,241/month studios, $2,362/month one-bedrooms, $2,848/month two-bedrooms, and $3,282/month three-bedrooms.
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Affordable Housing

14 middle-income apartments up for grabs in Astoria, from $2,050/month

Photo courtesy of JLS Designs Architecture and Planning PC, Joe Sultana Architect

November 13, 2020

14 middle-income apartments up for grabs in Astoria, from $2,050/month

In the heart of Astoria, a middle-income affordable housing lottery has launched at the brand-new rental building at 14-53 31st Avenue. Known as the Centennial Astoria, it was designed by local firm JLS Designs and offers a modern, glassy living experience not often found in the neighborhood. There are 14 units available to those earning 130 percent of the area median income. They include $2,050/month one-bedrooms and $2,500/month two-bedrooms.
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Affordable Housing

Middle-income housing lottery launches for 47 units at new amenity-filled rental in Jackson Heights

All photos courtesy of Marvel Architects

November 12, 2020

Middle-income housing lottery launches for 47 units at new amenity-filled rental in Jackson Heights

A new affordable housing lottery has launched for Roosevelt Parc, a brand-new rental in Jackson Heights, Queens designed by Marvel Architects. The mixed-use project has a unique Flatiron-esque shape that lends itself to a large outdoor garden. There's also a huge roof deck complete with outdoor kitchens and grills and various lounging and dining areas, among a slew of other amenities. There are 47 units available to those earning 130 percent of the area median income, ranging from $1,121/month studios to $3,283/month three-bedrooms.
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Affordable Housing

$1.4B South Street Seaport proposal includes two mixed-use towers with affordable units

All renderings courtesy of The Howard Hughes Corporation/SOM

October 22, 2020

$1.4B South Street Seaport proposal includes two mixed-use towers with affordable units

By Devin Gannon

The Howard Hughes Corporation on Thursday unveiled its latest effort to redevelop the South Street Seaport neighborhood. The $1.4 billion proposal includes the construction of two 470-foot towers which would contain rentals, condos, and office space on a parking lot at 250 Water Street. Initial plans from the developer called for a single tower that would rise nearly 1,000 feet, but local residents and Community Board 1 opposed it. Designed by Skidmore, Owings & Merrill, the two towers would include 360 units, with at least 100 apartments set aside for families earning 40 percent of the area median income. It would be the first affordable housing built in the community under the city's Mandatory Inclusionary Housing program.
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16 middle-income apartments up for grabs at luxury rental near Grand Central, from $1,949/month

Photos: Left by Noble Construction Group; Right by Lester Ali

October 5, 2020

16 middle-income apartments up for grabs at luxury rental near Grand Central, from $1,949/month

Twenty percent of the 429 apartments at 222 East 44th Street is reserved as affordable housing. Two-and-a-half years ago, a lottery opened for 109 units for those earning 40, 60, and 130 percent of the area median income, and it looks like some of those on the higher end of the spectrum are newly available, as another lottery is open for 16 middle-income units. The glass tower in Midtown East was designed by Handel Architects and is a quick walk to Grand Central, the UN, and Midtown. Plus, it's got a ton of great amenities.
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Affordable Housing

37 middle-income apartments available at resort-like rental in Long Island City, from $1,990/month

Rendering by NEAT Agency

October 2, 2020

37 middle-income apartments available at resort-like rental in Long Island City, from $1,990/month

By Devin Gannon

A housing lottery launched this week for 37 middle-income apartments at a new, amenity-packed rental in Long Island City, Queens. Dubbed The Cove and located at 43-12 Hunter Street, the 18-story tower contains 123 apartments and boasts ground-floor retail, an outdoor roof terrace, a game room, a library, and a fitness center. Qualifying New Yorkers earning 130 percent of the area median income can apply for the units, which include $1,990/month studios, $2,345/month one-bedrooms, and $3,072/month two-bedrooms.
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Affordable Housing

Lottery opens for 34 units at new Coney Island rental one block from the beach, from $1,700/month

Photo of Coney Island by Shinya Suzuki on Flickr

September 29, 2020

Lottery opens for 34 units at new Coney Island rental one block from the beach, from $1,700/month

By Devin Gannon

The city is now accepting applications for 34 middle-income apartments in a new 20-story rental in Coney Island located just one block away from the beach. The Sea Breeze Tower, located at 271 Breeze Avenue, contains 115 units and sits across the street from the Asser Levy Park, with the beach and landmarked Riegelmann Boardwalk just a five-minute walk away. Qualifying New Yorkers earning 130 percent of the area median income can apply for the apartments, which range from $1,700/month studios to $2,950/month three-bedrooms.
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Affordable Housing

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