affordable housing

affordable housing, Hell's Kitchen, housing lotteries

Nearly five years ago, the city rezoned a portion of Hell’s Kitchen to allow the Clinton Housing Development Corporation and developers Taconic Investment Partners and Ritterman Capital to undertake a two-building residential project between 10th and 11th Avenues. The larger of the two, a 22-story rental with 392 units at 525 West 52nd Street, launched an affordable housing lottery for 80 apartments two summer ago. The shorter, 13-story component is located next door at 540 West 53rd Street, and as of today, New Yorkers earning 80, 100, 125, or 165 percent of the area median income can apply for all 102 of its residences. They range from $1,091/month studios to $3,270/month two-bedrooms and have access to amenities including two terraces, children’s “splash pad,” a fitness center, laundry room, and the adjacent public community garden.

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affordable housing, housing lotteries, Upper West Side 

waterline square, upper west side

Applications are now being accepted for 269 affordable apartments across three buildings at a development on the Upper West Side known as Waterline Square. The trio of luxury high-rises is located between West 59th Street and West 61st Street on the Hudson River and contains a new 2.6-acre park. Qualifying New Yorkers earning 60 percent of the area median income can apply for the units, ranging from a $1,041/month studio to a $1,553/month three-bedroom. As 6sqft reported last week, construction at the five-acre waterfront site continues to wrap up.

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affordable housing, Bronx, housing lotteries

1880 Boston Road, slce architects, affordable housing

1880 Boston Road rendering via SLCE Architects

A lottery launched this week for 58 affordable units of senior housing in the West Farms neighborhood of the Bronx. Located at 1880 Boston Road, the development contains 167 affordable apartments with amenities including a yoga room, community room, art studio, library, and a rooftop terrace. The building is just a few blocks south of the Bronx Zoo and sits next to the Bronx River. Available studio and one-bedroom apartments are set aside for seniors who are 62 years or older and who earn a maximum of $31,750 annually. Each eligible resident pays 30 percent of their income and will need to qualify for Section 8.

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affordable housing

NYC, nyc skyline, new york

Via Pixabay

Update 9/27/18: City Comptroller Scott Stringer said the report released this week about the decrease in affordable housing contained a major miscalculation, the Wall Street Journal reported Wednesday. Instead of the 1 million affordable apartments lost, as the report stated, the true number is less than half of that, or 425,492 units. According to an updated report, the number of apartments renting for $2,700/month increased by 111,000 units between 2005 and 2017, instead of 238,000 units as originally stated. “While it remains true that affordable housing is declining at an unsettling rate and the gap is still growing, we overstated the pace,” Ilana Maier, a spokesperson for Stringer, said in a statement. “We made a genuine mistake.”

Since 2005, New York City has lost over 1 million affordable apartments, according to a report released by the City Comptroller Scott Stringer on Tuesday. The report, “The Gap is Still Growing,” builds from an original 2014 analysis from the comptroller’s office and shows the number of available units has failed to keep up with the city’s booming population. Between 2005 and 2016, about 576,000 people moved to NYC. But the city added just over 76,000 new units of rental housing.

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affordable housing, Policy, real estate trends

Image via Creative Commons

Recent news of Kushner Companies’ filing of false documents outlining the residential makeup of their buildings in order to get construction permits has prompted a closer look at the practice, which, according to Politico, has been rampant among New York City property owners for years with few consequences. Last month the Department of Buildings fined Kushner Companies $210,000 for repeatedly submitting inaccurate paperwork. Tenant advocacy group Housing Rights Initiative (HRI) will release a report Monday outlining how landlords filed more than 10,000 deceptive PW1s (Plan/Work Applications) in the span of two and a half years.

What’s going on here?

affordable housing, Clinton Hill, housing lotteries, Prospect Heights

underwood park, clinton hill, brooklyn

The building sits near Underwood Park, Clinton Hill. Image: Wiki Commons

At the crossroads where Clinton Hill, Prospect Heights and Fort Greene meet, apartments at this newly-minted seven-story, 38-unit building at 840 Fulton Street have in-unit laundry, plus the building features a residents’ lounge, a fitness center, and a rooftop deck. Eight affordable units are currently available to households who earn between $31,612 and $62,580 (60 percent of the area median income) annually. The units range from $867/month studios to $1,123/month two-bedrooms.

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affordable housing, Brooklyn, East New York, housing lotteries

affordable housing, east new york, nyc housing

A lottery is set to launch on Saturday for 240 affordable apartments in Brooklyn’s East New York neighborhood. The units are spread across a brand new mixed-use development, the Livonia Apartments, located at 453 Hinsdale Street, 500 Livonia Avenue, and 487 Livonia Avenue. Designed by Magnusson Architecture and Planning (MAP), the four-building development sits adjacent to the L Train at Livonia Avenue. Qualifying New Yorkers earning 30, 40, 50 and 60 percent of the area median income can apply for the units, ranging from $395/month studios to $1,339/month three-bedrooms.

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affordable housing, Policy

Photo via Public Domain

According to a new city management report, during the 2017 fiscal year, the city spent an average of $99 a day to house single adults in facilities in New York City; in fiscal year 2018, that number grew to $117 a day, the Wall Street Journal reports. The cost of housing homeless families in shelters rose in fiscal year 2018 as well, with over 22,340 children living in shelters–an average of $192 a day compared to $171 in fiscal year 2017. It cost $147 each day to house adult families in fiscal year 2018 compared with $138 a day a year prior. According to the city’s Department of Homeless Services, the bigger numbers are the result of an increased investment in services, repairs and security at shelters.

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affordable housing, housing lotteries, Williamsburg

Rendering via JW Real Estate Services

If the Manhattan-fication of Williamsburg proper isn’t quite your thing but you still want some of that artsy, gritty edge, consider heading a bit east. And if your household earns 60 percent of the area median income, or between $33,875 and $62,580 annually, you might want to apply for one of the 25 affordable units currently available at 125 Borinquen Place, a new 133-unit rental building with an impressive roster of amenities: a rooftop with hammocks, cabanas, dining, and outdoor movies; an indoor cinema room; a duplex fitness center; co-working areas; and a lovely landscaped courtyard. The units range from $801/month studios to $974/month two-bedrooms.

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affordable housing, New Developments, Queens

Willets Point from Citi Field. Image: Wiki Commons.

The city and developers have filed preliminary plans to pave a 6.5 acre stretch of city land for 665 parking spots, Crains reports. The economic development site within the industrial neighborhood of Willets Point, in Corona, Queens also known as the Iron Triangle was slated for a cleanup of its toxic soil and the creation of affordable and senior housing, plans which resulted in the demolition of a cluster of small businesses.

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