affordable housing

affordable housing, Bronx, housing lotteries

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

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.

Find out if you qualify

affordable housing, Crown Heights, housing lotteries

Rendering via Samuel Wieder Associates

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.

Find out if you qualify

affordable housing, real estate trends

Image via Creative Commons

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.

Find out more

affordable housing, Brooklyn, Flatbush, housing lotteries

1544 Nostrand Avenue, Flatbush housing, Brooklyn

Photo via Absolute Consulting/ Michael Avramides Architects

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.

Find out if you qualify

affordable housing, Brooklyn, Crown Heights

Via CitiHabitats

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.

Find out if you qualify

affordable housing, housing lotteries, Queens

Rendering via HAAK architects

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.

Find out if you qualify

affordable housing, housing lotteries, real estate trends

Photo via CityRealty

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).

More this way

affordable housing, Brooklyn, housing lotteries, Prospect-Lefferts Gardens

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.

Find out if you qualify

affordable housing, housing lotteries, Williamsburg

321 Wythe Avenue, Williamsburg, Watermark Capital Group

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.

Find out if you qualify

affordable housing, Greenpoint, housing lotteries

View from one of 56 Box Streets terraces, via Nooklyn

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.

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.