affordable housing

affordable housing, Downtown Brooklyn, housing lotteries, Prospect Heights

Via Flickr

A rental tower in Brooklyn’s long-plagued Pacific Park development is currently accepting applications for its affordable housing waitlist. The 363-unit building at 461 Dean Street opened in 2016, with its affordable housing lottery launching that same year. Three years later, the building’s lottery waitlist has opened, inviting New Yorkers earning 160 percent of the area median income to apply for the not-so-affordable $2,025/month studios and $2,541/month one-bedrooms.

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affordable housing, Policy

NYC affordable housing

Image via Wiki Commons

After missing two deadlines to fill the position, Mayor Bill de Blasio on Tuesday announced that Gregory Russ will be taking over as Chair of NYCHA. Russ, who is currently the head of Minneapolis’ public housing authority and previously led the Cambridge Housing Authority in Massachusetts, will receive an unprecedented salary of $402,628—more than even President Donald Trump makes. That figure comes out to roughly $1 a year for every NYCHA tenant he will represent, as THE CITY reports.

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affordable housing, housing lotteries, Lower East Side

140 Essex Street, Essex Crossing, Beyer Blinder Belle

Rendering courtesy of Beyer Blinder Belle

The city launched on Wednesday an affordable housing lottery for 84 affordable studios on the Lower East Side exclusively for low-income seniors. The building at 140 Essex Street sits as part of the nine-site Essex Crossing development and contains 92 units total. Qualifying senior households earning between zero and 60 percent of the area median income can apply for the apartments, which range from $331/month to $761/month.

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affordable housing, Upper East Side, yorkville

Holmes Towers, NYCHA, Fetner Properties

Previous rendering of the original project; Via NYCHA

The New York City Housing Authority has ditched plans to build a private 47-story apartment building on top of a playground on the Upper East Side, agency officials said Friday. The original plan called for a 300-unit tower to replace the playground at the Holmes Tower public housing complex with half of the units affordable and the other half at market-rate, the latter meant to raise funds for repairs at the tower. The new plan for the site will increase the number of market-rate apartments in order to collect more money, NYCHA officials told THE CITY.

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affordable housing, Policy

Image via Pixabay.

Real estate industry leaders say they will file a lawsuit against the state to challenge a package of bills containing changes to current rent regulations, which expire on June 15, the Observer reports. As 6sqft previously reported, the legislative package headed to both chambers for a vote this week contains landmark changes to current rent regulations aimed at strengthening New York’s rent laws and tenant protections. Industry stakeholders say they’ll challenge the legislation on several points including one that makes the rules permanent, rather than having them expire every few years. The lawsuit would also challenge the retroactive nature of a provision to lower the amount landlords can charge for major capital improvements.

The industry fears ‘disaster’

affordable housing, Chelsea, housing lotteries

23rd Street subway station and Penn South, via Wiki Commons

Though it’s rare, the city does offer affordable apartments to purchase, and a new waiting list is now open for residences at Penn South, a limited-equity housing co-op (h/t Rachel Holliday Smith). The Chelsea development stretches between Eighth and Ninth Avenues from 23rd to 29th Streets and is comprised of 10 buildings and nearly 3,000 units. Though the complex was constructed almost 60 years ago, its location today is prime thanks to a booming Chelsea and proximity to Hudson Yards. Those who meet the income requirements can enter the 1,250-name waitlist for studios starting at $84,372, one-bedrooms from $101,247, and two-bedrooms from $151,870.

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affordable housing, Policy

Image via Creative Commons

Democratic leaders in Albany announced Tuesday that an agreement has been reached on a package of bills that will significantly strengthen New York’s rent laws and tenant protections. As the New York Times reports, contained in the legislative package headed to both chambers for a vote this week are landmark changes to current rent regulations, which expire on June 15. The new legislation is meant to address concerns about the high cost of housing and the sweeping inequality that has resulted from it. To that end, as the Times explains, “the changes would abolish rules that let building owners deregulate apartments, close a series of loopholes that permit them to raise rents and allow some tenant protections to expand statewide.” These changes have long been opposed by the real estate industry, which lost some of its influence in Albany when its Republican allies became outnumbered in the State Senate in the November elections.

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affordable housing, housing lotteries, Sheepshead Bay

Design and rendering by EranArc pllc

Several years ago, 6sqft referred to Sheepsheads Bay as “the once-sleepy waterfront community that’s almost as far out as Coney Island.” Since then, a slew of new projects has started to rise in the neighborhood, including the tallest residential building in South Brooklyn and a luxury condo with prices up to $1.7 million. Adding to the buzz is a new affordable housing lottery at 2442 Ocean Avenue, a seven-story, 105-unit rental building that, thanks to its U-shaped design, offers an interior courtyard and many outdoor terraces. The 35 middle-income apartments up for grabs are available to those earning 130 percent of the area median income and range from $1,450/month studios to $2,499/month two-bedrooms.

Find out if you qualify

affordable housing, Bronx, housing lotteries

Rendering of 626 Bergen via FXCollaborative

A new housing development in the Bronx launched a lottery this week for 63 studio apartments. Located in the South Bronx, the La Central complex will include five buildings with 992 units of mixed-income housing, a new 50,000-square-foot YMCA, a television studio, landscaped courtyard, and a skate park. Qualifying New Yorkers earning 60 percent of the area median income (AMI) can apply for the $650/month studios.

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affordable housing

nyc skyline, new york skyline, manhattan

Via CC

The population of New Yorkers living in homeless shelters has remained flat for the first time in a decade, officials said on Wednesday. During a City Council budget hearing, Steven Banks, the commissioner of the Department of Social Services, said the city has finally “broken the trajectory” and started to reverse the trend of uninterrupted shelter growth. “We would have more than 70,000 people in shelter today if it wasn’t for prevention and housing investments,” Banks said, as reported by the New York Post. The number of New Yorkers living in shelters has hovered around 60,000 daily for the last two years.

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