Affordable Housing

16 chances to live in the center of Brooklyn, from $1,017/month

June 11, 2018

16 chances to live in the center of Brooklyn, from $1,017/month

By Michelle Sinclair Colman

Photo via CityRealty Maple East New York Housing, located where the Crown Heights and East Flatbush neighborhoods of Brooklyn meet, is accepting applications for 16 affordable apartments. The building, found at 918 East New York Avenue, contains a blend of affordable and supportive housing, offering a mix of studios, one and two bedroom units. Qualifying New Yorkers earning 60 percent of the area median income can apply for the $1,017/month one-bedrooms and $1,224/month two-bedrooms.
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Affordable Housing

City reaches settlement, agrees to spend $2B on NYCHA improvements after federal probe

Photo via Wikimedia

June 11, 2018

City reaches settlement, agrees to spend $2B on NYCHA improvements after federal probe

By Michelle Cohen

New York City has agreed to fork over $2 billion in the next 10 years to settle a federal prosecutors’ investigation into safety and health issues at buildings run by the by the New York City Housing Authority (NYCHA), the Wall Street Journal reports. The city has been ordered to repair buildings run by the country's largest city housing authority after an investigation by the U.S. Attorney’s District Office, which began in 2015, checked reports of crumbling conditions across the authority's 325 developments.
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Live in the Bronx for just $1,100/month and get to Midtown in 40 minutes

June 8, 2018

Live in the Bronx for just $1,100/month and get to Midtown in 40 minutes

By Devin Gannon

Photo by Axel Drainville on Flickr Three middle-income units are up for grabs at a newly constructed building in the East Tremont neighborhood of the Bronx. Located at 1779 Weeks Avenue, the rental sits just steps from the B and D train, making Midtown commutes a breeze. Plus, residents can enjoy open space, playgrounds and a public pool at Claremont Park, which is just a few blocks south. Qualifying New Yorkers earning 130 percent of the area median income can apply for one $1,100/studio and two $1,300/month one-bedrooms.
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Affordable Housing

East Harlem’s affordable Sendero Verde complex gets fresh renderings and a 384-unit mixed-use tower

Rendering courtesy of Handel Architects

June 8, 2018

East Harlem’s affordable Sendero Verde complex gets fresh renderings and a 384-unit mixed-use tower

By Devin Gannon

Permits have been filed for a 37-story, 384-unit tower in East Harlem as part of Sendero Verde, a massive mixed-use complex developed by Jonathan Rose Companies and L + M Development. The site's newest building is set to rise at 1681 Madison Avenue and measure just over 385,000 square feet. Floors five through 36 of the Handel Architects-designed building will contain 12 apartments each; offices and retail space will occupy the first three levels, as CityRealty learned. A fresh pair of renderings of Sendero Verde highlights the winding central landscaped path, nonprofit DREAM's charter school and the extensive community space planned for the development.
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Affordable Housing

Live next to foodie-favorite Smorgasburg in Williamsburg, from $1,407/month

June 7, 2018

Live next to foodie-favorite Smorgasburg in Williamsburg, from $1,407/month

By Devin Gannon

Photo via Harold Navarro on Flickr A lottery launched this week for affordable apartments across two multi-family apartment buildings in the Williamsburg neighborhood of Brooklyn. Located at 27 and 34 North 6th Street, the 347-unit site sits just steps away from the waterfront as well as the East River State Park, home to stunning views and beloved weekly market, Smorgasburg. Qualifying New Yorkers earning 80 percent of the area median income can apply for the units ranging from a $1,407/month studio to a $1,820/month two-bedroom.
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Affordable Housing

Apply for 4 affordable apartments in blossoming Bushwick, from $985/month

June 6, 2018

Apply for 4 affordable apartments in blossoming Bushwick, from $985/month

By Devin Gannon

Rendering via Andy McGee Design Located where Bushwick's bustling Myrtle and Central Avenues meet, a newly constructed rental building at 1164-1168 Greene Avenue is offering up four affordable apartments. The 20-unit, four-story building features amenities like a lounge, laundry room and terraces. Qualifying New Yorkers earning 60 percent of the area median income can apply for two $985/month one-bedrooms and two $1,114/month two-bedrooms.
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Affordable Housing

Interactive tool tracks the declining affordability of New York City

Phoo via CC0 License

June 6, 2018

Interactive tool tracks the declining affordability of New York City

By Devin Gannon

Between 2005 and 2016, the cost of basic needs like housing, transit, food and healthcare has grown at twice the rate of incomes in New York City, according to a new report released by City Comptroller Scott Stringer on Monday. Stringer's office created a first-of-its-kind Affordability Index to track how much money New Yorkers have left over after taxes and basic expenses. The numbers are not comforting. The report found that single adults living in NYC had just $641 leftover after taxes and basic expenses in 2016, compared to $831 a decade ago. "Over the last decade, the money that New Yorkers could be putting away – for retirement, for college, or even for a simple family night out – has been shrinking," Stringer said in a press release. "Our growing affordability crisis is making it harder for families to enjoy a basic middle-class lifestyle – and is forcing them to choose between staying in New York City and leaving."
Explore the index

Lottery opens for 13 middle-income units in Bed-Stuy, from $1,744/month

June 5, 2018

Lottery opens for 13 middle-income units in Bed-Stuy, from $1,744/month

As any New Yorker knows, convenience is key, but it'll often cost you. The city's latest affordable housing lottery, however, offers a location on the same block as the Franklin Avenue stop in Bed-Stuy, and just a short walk to both the subway and LIRR at Nostrand Avenue. The brand new building at 1068 Fulton Street has 13 middle-income units up for grabs for New Yorkers earning 130 percent of the area median income, including $1,744/month one-bedrooms and $2,099/month two-bedrooms.
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Affordable Housing

City sells million-dollar homes in Bed-Stuy to 10 families for roughly half price

June 4, 2018

City sells million-dollar homes in Bed-Stuy to 10 families for roughly half price

By Devin Gannon

Photo via CityRealty New York City has sold 10 homes valued between $1 and $1.2 million to Brooklyn families for about half the price, as part of an initiative to promote affordable homeownership throughout the five boroughs. The two-family homes are located throughout the Bed-Stuy neighborhood and sold for between an estimated $407,000 and $625,000 (h/t NY Post). To qualify for the affordable homes, the families had to apply through a housing lottery and earn 90 or 130 percent of the are median income, which ranges roughly between $50,856 for a family of three and $153,790 for a family of seven.
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Lottery launches for a boatload of affordable apartments across Brooklyn, from $850/month

Photo via CityRealty

June 1, 2018

Lottery launches for a boatload of affordable apartments across Brooklyn, from $850/month

By Devin Gannon

A lottery launched this week for 16 renovated, affordable apartments across five different Brooklyn neighborhoods: Prospect Heights, Clinton Hill, Flatbush, Williamsburg and Bushwick. Units available include four studios, four one-bedrooms, six two-bedrooms and two four-bedrooms. Qualifying New Yorkers earning 60 percent of the area median income can apply for the affordable units ranging from $850/month studios to $1,427/month four-bedrooms.
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Affordable Housing

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Apply for 3 middle-income apartments next to the Harlem River in Highbridge, from $1,200/month

Photo by Shinya Suzuki / Flickr

May 31, 2018

Apply for 3 middle-income apartments next to the Harlem River in Highbridge, from $1,200/month

By Devin Gannon

A lottery launched this week for three middle-income apartments in the Highbridge neighborhood of the Bronx. Located at 1072 University Avenue, the newly constructed building sits just steps from the Harlem River, with views of the High Bridge, a 170-year-old bridge that offers a shortcut to Manhattan. As the oldest bridge in New York City, the High Bridge first opened in 1848 and was closed for 45 years before reopening after renovations in 2015. Qualifying New Yorkers earning 130 percent of the area median income can apply for the three units: a $1,200/month studio, $1,500/month one-bedroom and a $1,800/month two-bedroom.
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Affordable Housing

NYCHA improvements mandated by federal government could cost NYC $1B

Photo via Wikimedia

May 31, 2018

NYCHA improvements mandated by federal government could cost NYC $1B

By Devin Gannon

New York City will likely have to cough up $1 billion over the next four years to pay for improvements to its public housing stock as part of an agreement with the federal government, Politico New York reported Wednesday. The settlement from federal prosecutors ordering repairs to buildings run by the New York City Housing Authority (NYCHA) will likely be reached in the next few days. The order comes after an investigation by the U.S. Attorney's District Office, which began in 2015, to check crumbling conditions across the 325 developments it operates. If the city does not follow the orders, the federal government could then take over the authority.
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Lottery opens for 12 new affordable units in East Harlem, from $856/month

Photo via Peter Ashe

May 30, 2018

Lottery opens for 12 new affordable units in East Harlem, from $856/month

With East Harlem becoming hipper by the month, this affordable housing lottery for 12 units at the new building 2183 Third Avenue is a super steal, especially considering the building offers a gym, rooftop, recreation area, and laundry room. From $856/month studios to $1,114/month two-bedrooms, the apartments are available to households earning 60 percent of the area median income. Located at the northeast corner of East 119th Street and Third Avenue, the 12-story building is not only three blocks from the 6 train, but it's right near local hot spots like the original Patsy's Pizza and Hot Jalapeno, as well as the Target and Costco at East River Plaza.
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Affordable Housing

13 middle-income apartments up for grabs right near the Bronx Zoo

The Bronx Zoo, courtesy of Julienne Schaer on NYC &C Company

May 29, 2018

13 middle-income apartments up for grabs right near the Bronx Zoo

With the warm weather officially here, living just a couple blocks from the Bronx Zoo and a short walk to the Crotona Park Nature Center sounds like a pretty nice idea. Throw in a location right alongside Mapes Ballfield and middle-income rent and you've got yourself a deal. There are 13 units at East Tremont's 2118 Mapes Avenue available for households earning 130 percent of the area median income, and they range from $1,100/month studios to $1,600/month two-bedrooms.
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Affordable Housing

Lottery launches for three middle-income units in historic Weeksville for $2,700/month

Rendering via Samuel Wieder Associates

May 24, 2018

Lottery launches for three middle-income units in historic Weeksville for $2,700/month

By Devin Gannon

A housing lottery launched this week for three middle-income units in the Crown Heights area of Weeksville, a historic Brooklyn neighborhood founded by freed African Americans about 180 years ago. Conveniently, the newly constructed rental at 233 Buffalo Avenue sits just a few blocks from the Weeksville Heritage Center, a museum dedicated to preserving the history of the 19th century African American community. Qualifying New Yorkers earning 130 percent of the area median income can apply for the $2,700/month three-bedroom units.
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Affordable Housing

Since 1993, NYC has lost 152,000 regulated units after landlords increased rent, report says

Image by Jorbasa Fotografie / Flickr

May 21, 2018

Since 1993, NYC has lost 152,000 regulated units after landlords increased rent, report says

By Devin Gannon

In the midst of an affordable housing crisis, rents in New York City continue to rise, a record number of New Yorkers make up the city’s homeless population and the amount of rent regulated apartments are in danger of vanishing completely. An investigation released Sunday by the New York Times found rent-stabilized apartments have been disappearing since city and state lawmakers first eradicated rent laws in 1993. Since then, the city has lost more than 152,000 regulated apartments as a result of landlords exploiting weak regulations and pushing out rent-regulated tenants, with little or no consequence from city and state agencies. And another 130,000 more apartments have been lost due to expiring tax breaks and co-op and condo conversions.
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Three chances to snag a middle-income apartment in East Flatbush, from $1,733/month

Photo via Absolute Consulting/ Michael Avramides Architects

May 21, 2018

Three chances to snag a middle-income apartment in East Flatbush, from $1,733/month

By Devin Gannon

A recently constructed building in the East Flatbush neighborhood of Brooklyn launched a lottery this week for three middle-income units. The rental units at 1544 Nostrand Avenue sit just a block from the 2 and 5 trains at Church Avenue and about a mile from the southern part of Prospect Park. Qualifying New Yorkers earning 130 percent of the area median income can apply for the $1,733/month one-bedroom and $2,089/month two-bedroom apartments. While the lottery offers a discount, it's relatively small, with market-rate one-bedrooms in Flatbush going for $1,917/month for a one-bedroom and $2,120 for a two-bedroom on average, according to RENTCafe.
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Affordable Housing

Live in a new Art Deco-inspired rental in Crown Heights, from $1,080/month

Via CitiHabitats

May 18, 2018

Live in a new Art Deco-inspired rental in Crown Heights, from $1,080/month

By Devin Gannon

A Karl Fischer-designed rental in Crown Heights launched a lottery this week for 40 affordable one- and two-bedroom apartments. Dubbed The Frederick, the building at 564 St. John's Place boasts a masonry and cast stone facade lined with stunning bay windows. To break away from the cookie-cutter look of new developments, the Frederick has residences with "state-of-the-art, but full of uncommon detail," according to the building website. Qualifying New Yorkers earning 60 percent of the area median income can apply for the affordable units, consisting of $1,080/month one-bedrooms and $1,223/month two-bedrooms.
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Affordable Housing

Lottery opens for 59 middle-income units near MoMA PS1 in Long Island City, from $2,098/month

Rendering via HAAK architects

May 18, 2018

Lottery opens for 59 middle-income units near MoMA PS1 in Long Island City, from $2,098/month

By Devin Gannon

Applications are now being accepted for 59 newly constructed, middle-income units in the heart of thriving Long Island City in Queens. HAAK architects designed the 12-story building at 11-39 49th Avenue, which boasts a unique patchwork facade made of tricolor brick. The rental sits less than a block from the 7 train and MoMA PS1 and less than a mile from Gantry Plaza State Park on the waterfront. Qualifying New Yorkers earning 130 percent of the area median income can apply for the units, which range from a $2,098/month studio to a $3,131/month three-bedroom.
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Affordable Housing

A salary of $58,450 or less annually is now considered low income in the New York Metro Area

Photo via CityRealty

May 17, 2018

A salary of $58,450 or less annually is now considered low income in the New York Metro Area

By Devin Gannon

If you are a single New Yorker earning $58,450 or less per year, you fall under the low income category, according to 2018 estimates released last month by the U.S. Department of Housing (HUD). These income limits are established by the government to help figure out if residents are eligible for subsidized and affordable housing. Even though the median family income in NYC and its surrounding area slightly increased this year to $70,300 from $66,200 in 2017, the high cost of living continues to place a significant burden on New Yorkers (h/t Curbed NY).
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27 middle-income apartments up for grabs in Prospect-Lefferts Gardens, from $1,807/month

May 16, 2018

27 middle-income apartments up for grabs in Prospect-Lefferts Gardens, from $1,807/month

By Devin Gannon

Photo of Prospect Park via Maria Eklind on Flickr A second affordable housing lottery launched for the Lincoln Road Apartments, a two-tower rental building offering up 27 middle-income units. Located in the Brooklyn neighborhood of Prospect-Lefferts Gardens, the rentals at 31-33 Lincoln Road sit directly across from sprawling Prospect Park. In addition to its proximity to the park, 33 Lincoln provides residents a common roof deck, fitness center, a lounge and lots of storage. The apartments sit less than 500 feet from the B and Q trains at the Prospect Park Subway stop. New Yorkers earning 130 percent of the area median income can apply for units ranging from $1,807/month studios to $2,733/month two-bedroom apartments.
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Affordable Housing

Apply for 39 middle-income units by the Williamsburg waterfront, from $1,999/month

May 16, 2018

Apply for 39 middle-income units by the Williamsburg waterfront, from $1,999/month

By Devin Gannon

Renderings of 321 Wythe via ND Architecture & Design A newly constructed mixed-use building located near the Williamsburg Bridge has launched a lottery for 39 middle-income apartments. Built on the site of a former parking lot and single-story church, the 19-story tower at 321 Wythe Avenue includes 130 rental units, two floors of amenities, and an adjacent healthcare facility. Notably, because developer Watermark Capital Group is leasing the property from Saints Peter and Paul Church, certain activities "not in line with Catholicism" will be prohibited, DNAinfo reported in 2015. This includes a ban on things related to abortion, birth control, euthanasia, pornography, and stem-cell research. Despite these strange stipulations, the ND Architecture-designed tower does sit in a prime location, just steps from a host of bars, coffee shops, restaurants and the Williamsburg waterfront. Qualifying New Yorkers earning 130 percent of the area median income can apply for the available 17, $1,999/month one-bedrooms and the 22 $2,399/month two-bedrooms.
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Affordable Housing

Lottery opens for six middle-income apartments near the Greenpoint waterfront

View from one of 56 Box Streets terraces, via Nooklyn

May 15, 2018

Lottery opens for six middle-income apartments near the Greenpoint waterfront

Just two blocks inland from Newton Creek and right near hot spots like the Brooklyn Ice Cream Company, Saint Vitus Bar, and Milk & Roses, a stretch of Box Street is transforming from its industrial past to a more modern, residential block. At 56 Box Street, a new six-story rental, new Greenpoint tenants started moving in last August, and now a middle-income lottery has launched for six of the units, $2,253/month one-bedrooms and $2,716/month two-bedrooms. The market-rate units go from $2,650/month one-bedrooms to $3,300/month two-bedrooms. So while this isn't the deal of the century, there are still some savings to be had in an up-and-coming 'hood.
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Affordable Housing

May 11, 2018

Four $2,425/month two-bedrooms near Van Cortlandt Park in the Bronx up for grabs

By Devin Gannon

While this housing lottery won't save you a ton on rent, the four middle-income units available do sit in a prime location-- near the beautiful and historic Van Cortlandt Park. According to the city's parks department, the park is home to the country's first public golf course, the oldest house in the borough and the largest freshwater lake in the Bronx. Located at the nexus of the Bronx neighborhoods of Riverdale and Kingsbridge Heights, the building at 3190 Riverdale Avenue offers residents a parking garage and bike storage. Qualifying New Yorkers earning 120 percent of the area median income can apply for the four $2,425/month two-bedrooms.
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Affordable Housing

Lottery launches for four newly constructed units in vibrant Bushwick, from $1,950/month

Photo via bslax28 on Flickr

May 11, 2018

Lottery launches for four newly constructed units in vibrant Bushwick, from $1,950/month

By Devin Gannon

An amenity-rich building in the heart of Bushwick is now accepting applications for four middle-income apartments. The rental complex, dubbed Gloria Linden, is located at 359 Linden Street. Apartments come with oversized windows oak flooring, custom LED lighting, Ceaserstone counters and Bertazzoni gas ranges. Qualifying New Yorkers earning 130 percent of the area median income can apply for two $1,950/month one-bedroom units and two $2,390/month two-bedroom units.
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Affordable Housing

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