affordable housing

affordable housing, Financial District, New Developments

WTC, world trade center, 5 world trade center

Image via Flickr

Last month, Gov. Andrew Cuomo put out a request for proposals for 5 World Trade Center, the last remaining site at World Trade Center’s southern end and the former home of a Deutsche Bank Building that was severely damaged during the September 11 attacks. The RFP seeks commercial or mixed-use proposals for a roughly 900-foot-tall building, that may include a residential component. As the process continues to unfold—and rapidly, with a site tour for interested developers scheduled on July 22—local residents worry that their voices are being left out, as Daily News reported.

More details

affordable housing, Stuy Town, Stuyvesant Town

Via StuyTown Property Services

As 6sqft reported last month, the state recently passed legislation containing landmark changes to rent regulations that were set to expire, significantly strengthening New York’s rent laws and tenant protections. Private-equity giant Blackstone Group, who purchased the massive 11,000+ unit Stuyvesant Town and Peter Cooper Village apartment complex for $5.5 billion in 2015, is among landlords who say the new rent regs will keep them from making important property upgrades, Crain’s reports. Blackstone says it is pausing apartment renovations and other planned work at Stuy Town and Peter Cooper Village as a result of rule changes which dramatically limit the allowable rent increases landlords can charge as a result of renovations and repairs.

Find out more

affordable housing, housing lotteries, Williamsburg

Rendering courtesy of Reside New York

If you don’t mind waiting out the L train “slowdown,” this opportunity might be for you. The lottery is now open for eight newly constructed, middle-income units at 150 Meserole Street in Williamsburg, just two blocks from the Montrose Avenue station. The apartments in the brand-new building are available to households earning 130 percent of the area median income and range from $1,689/month for a studio to $2,189/month for two-bedrooms.

More details

affordable housing, Crown Heights, housing lotteries

image via Google Earth

Applications are now being accepted in the lottery for 93 newly-constructed rental apartments at Bedford Arms at 1336 Bedford Avenue, Crown Heights, Brooklyn. The new building’s 93 units are available to households earning between 40 percent and 165 percent of the area median income, ranging from $590/month one-bedrooms to $3,060/month three-bedrooms.

All the details, this way

affordable housing, Bronx, housing lotteries

Compass Residences, Crotona Park East, West Farms Redevelopment Plan, 1544 Boone Avenue, Dattner Architects

The larger Compass Residences via Dattner Architects

The lottery has just launched for 328 newly-constructed Compass III residences at 1560 Boone Avenue, Crotona Park East and 101 East 173rd Street in Mount Hope, Bronx. In 2011 the West Farms Redevelopment Plan for the 17-acre, 11-block former industrial area in Crotona Park East by Dattner Architects became the largest Bronx rezoning ever passed. When complete, the complex will offer 1,325 units of affordable housing along with retail and community facilities. The new building’s 328 units are available to households earning between 30 percent and 100 percent of the area median income, ranging from $331/month studios to $1,921/month three-bedrooms.

All the details

affordable housing, housing lotteries, Midtown West

Hudson Crossing; via Equity Residential

A waitlist has opened for middle-income apartments at a building on Manhattan’s west side. Located at 400 West 37th Street, Hudson Crossing sits between 9th and 10th Avenues, just two blocks from the site of Hudson Yards. Qualifying New Yorkers earning 80 percent of the area median income can apply for the apartments which range from a $1,405/month studio to a $2,174/month two-bedroom apartment. According to CityRealty, available market-rate studio and two-bedroom apartments at the building are currently listed for $2,936/month and $5,215/month, respectively.

Do you qualify?

affordable housing, Harlem, housing lotteries

Apollo Theater, Harlem, Black History Month

Photo via Flickr cc

Just three blocks north of bustling 125th Street, a brand new all-affordable building known as the Frederick has just opened the lottery for 59 of its 75 units. Ranging from $562/month studios to $2,158/month three-bedrooms, the mixed-income apartments are available to households earning 40, 50, 60, and 110 percent of the area median income. In addition to being right near local landmarks such as the Apollo and the Red Rooster, the 15-story building at 2395 Frederick Douglass Boulevard is just a block away from St. Nicholas Park and a few blocks from the A, C, B, and D trains.

Find out if you qualify

affordable housing, Staten Island

staten island, bay street corridor, nyc rezoning

Rendering via Department of City Planning

The New York City Council voted 44-2 to approve Staten Island’s Bay Street Corridor Rezoning plan Wednesday, SILive reports. As 6sqft previously reported, the city proposed to convert the area between Tompkinsville Park and Tappan Park from manufacturing to residential while constructing 1,800 new units that would house 6,500 residents in the area. About a quarter of the new residences would be income-restricted affordable housing through the city’s Mandatory Inclusionary Housing (MIH) program. The rezoning plan has drawn opposition from some community groups and Borough President Jimmy Oddo on the grounds that it would add to the area’s traffic and transportation woes.

Find out more

affordable housing, little italy, Policy

Haven Green, Curtis + Ginsberg, Elizabeth Street Garden, senior housing Nolita

Rendering courtesy of Curtis + Ginsberg Architects

The New York City Council on Wednesday unanimously approved a plan to replace a community garden in Little Italy with an affordable housing complex for seniors. The project, first introduced by Council Member Margaret Chin in 2012, will rise on the site of Elizabeth Street Garden, a quirky green space created in 1991 by Allan Reiver, who owns the gallery next to the garden. The complex, dubbed Haven Green, will include 123 affordable apartments and ground-floor retail. Originally, developers agreed to keep 8,000 square feet of public space at the site, but on Wednesday Chin said she reached an agreement to incorporate more open space at Haven Green through a courtyard next door.

Details here

affordable housing, Policy

Photo via Flickr cc

Citing bribery, fraud and other abuses and years-long waiting lists, New York City’s Department of Housing Preservation and Development has restructured the Mitchell-Lama program, one of the New York City’s oldest middle-income housing initiatives, the Wall Street Journal reports. Included in the restructuring effort will be the integration of the program’s application process into Housing Connect, the city’s existing affordable housing lottery, within the next year.

Find out more

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.