Affordable Housing

September 12, 2018

Apply for 41 middle-income units at Bushwick’s Rheingold Brewery site, from $1,432/month

A lottery launched on Wednesday for 41 middle-income units at 115 Stanwix Street, a building which is part of the Rabsky Group's redevelopment of the Rheingold Brewery site in Bushwick. Designed by ND Architecture & Design, the eight-story development sits between Montieth Street and Flushing Avenue. Qualifying New Yorkers earning 80 and 130 percent of the area median income can apply for the units, which range from $1,432/month one-bedrooms to a $3,225 three-bedrooms.
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Affordable Housing

September 11, 2018

‘Affordable’ Greenpoint apartments renting for the same price as the market-rate units

By Dana Schulz

We've come to accept that many middle-income "affordable" housing lotteries are nothing more than a way for a building to cross-subsidize its "deeply affordable" units. Case in point, this new lottery that just launched at 216 Freeman Street in Greenpoint. Reserved for households earning 130 percent of the median income, one-bedrooms are $2,544/month and two-bedrooms $3,050. And while a market-rate one-bedroom is currently listed for the higher price $2,975, a two-bedroom is listed for the exact same price as the lottery unit.
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Affordable Housing

Three NYCHA developments on the Upper East Side ranked among the worst in the U.S.

Google Street View of the Holmes Towers

September 11, 2018

Three NYCHA developments on the Upper East Side ranked among the worst in the U.S.

By Devin Gannon

The federal government ranked three Upper East Side public housing buildings as some of the worst in the United States, the New York Post reported Monday. The Department of Housing and Urban Development (HUD) gave the Holmes Towers, the Isaacs Houses and Robbins Plaza just 25 points out of a maximum of 100 as a measure of quality following recent inspections. Out of the more than 3,800 scores counted by HUD last year, the three complexes tied for 13th worst in the country.
More here

Affordable Housing

Live in an amenity-rich building in Prospect-Lefferts Garden, from $1,775/month

Photo via Nookyln

September 10, 2018

Live in an amenity-rich building in Prospect-Lefferts Garden, from $1,775/month

By Devin Gannon

A brand new rental building in Prospect-Lefferts Gardens launched a lottery this week for five middle-income apartments. The 16-unit building located at 664-668 Rutland Road, between Albany and Troy Avenues, offers enviable amenities like on-site laundry, central air, a fitness center, roof access and a common courtyard. Qualifying New Yorkers earning 130 percent of the area median income can apply for the one $1,775/month one-bedroom and four $2,270/month two-bedroom apartments.
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Affordable Housing

Pier 6 and Brooklyn Bridge Park via MOSO Studio

September 10, 2018

Affordable housing lottery launches for 100 units at Brooklyn Bridge Park’s Pier 6

By Dana Schulz

Pier 6 and Brooklyn Bridge Park via MOSO Studio It's been just over a year since construction began at Brooklyn Bridge Park's two-towered Pier 6 development, and as of today, the affordable housing lottery has launched for 15 Bridge Park Drive, the 15-story tower (the other is 28 stories). The buildings are designed by ODA New York and have a slew of amenities, including a fitness facility, 4,000-square-foot landscaped roof terrace, and a children's playroom. 15 Bridge Park Drive has a total of 140 units; the 40 not included in the lottery are market-rate. The remaining 100 are reserved for households earning 80, 130, and 165 percent of the area median income and range from $1,394/month studios to $4,380/month three-bedrooms.
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Affordable Housing

The most expensive development site in the Bronx will be 30 percent affordable

A previous rendering of 101 Lincoln Avenue via Hill West Architects

September 7, 2018

The most expensive development site in the Bronx will be 30 percent affordable

By Devin Gannon

The most expensive transaction on record for a development in the Bronx officially closed Wednesday, after Brookfield Property Partners picked up the two sites for $165 million from Somerset Partners and Chetrit Group. Originally, Somerset and Chetrit planned for all of the development's 849 residential units to be market rate, and while Brookfield intends to keep the same number of apartments, they are designating 30 percent of them affordable, according to the Real Deal.
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13 middle-income apartments up for grabs across from Greenpoint’s Transmitter Park

Transmitter Park via Flickr cc

September 5, 2018

13 middle-income apartments up for grabs across from Greenpoint’s Transmitter Park

By Dana Schulz

It's been a year since leasing launched at Greenpoint's 42-unit, no-fee rental 44 Kent Street, and now 13 of those apartments are available through the city's affordable housing lottery to households earning 130 percent of the area median income. In addition to being located just across the street from Transmitter Park, the building offers a fitness center, rooftop terrace, business center, and parking. The middle-income units range from $2,023/month studios to $2,612/month two-bedrooms.
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Affordable Housing

Apply for three middle-income units right off the 7 train in prime Long Island City

Photo via Flickr cc

August 31, 2018

Apply for three middle-income units right off the 7 train in prime Long Island City

By Dana Schulz

Away from the hustle and bustle of Court Square, the area of Long Island City around the Vernon Boulevard-Jackson Avenue subway stop is the perfect combination of the neighborhood's industrial past and current, amenity-filled reincarnation. Near hip spots like the Alewife Taproom, Tuk Tuk Thai restaurant, and Fifth Hammer Brewing Company, a middle-income housing lottery has just opened for three units at 10-44 Jackson Avenue. Reserved for households earning 130 percent of the area median income, there is one $2,201/month studio and two $2,320/month one-bedrooms. In addition to being close to plenty of food and drink options, this new 10-unit rental is less than a block away from the 7 train and a short walk to the newly opened Hunters Point South Park.
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Affordable Housing

August 31, 2018

New Mott Haven development opens lottery for 133 mixed-income units, from $464/month

By Dana Schulz

In 2016, Bronx Borough President Ruben Diaz, Jr. allocated nearly $3.3 million to create 851 affordable housing units across eight projects in the borough. One of these, MLK Plaza Apartments at 869 East 147th Street in ever-developing Mott Haven, received $500,000, and as of today 133 of its 165 units are up for grabs through the city's housing lottery. The mixed-income units range from $464/month studios to $1,289/month three-bedrooms and have access to the building's laundry room, fitness room, library and computer room, bike storage, and outdoor rec space and terrace.
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Affordable Housing

Striver’s Row via Wiki Commons

August 30, 2018

Five middle-income apartments available near Harlem’s historic Striver’s Row

By Dana Schulz

Less than a half block outside the bounds of Central Harlem's Striver's Row historic district, five middle-income units are up for grabs for households earning 130 percent of the area median income. Once home to prominent African-American performers, artists, and professionals, the district's rows of stately brick rowhouses are about as charming as it gets. The building in question is 303 West 137th Street, a new 15-unit rental, which is also just one block from St. Nicholas Park and two blocks from the A, C, and B trains at 135th Street. The units range from $1,850/month studios to $2,695/month two-bedrooms.
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Affordable Housing

Apply for three middle-income units off the 7 train in Sunnyside

By Dana Schulz

Just a block from the 46thth Street-Bliss Street station on the 7 line, a middle-income housing lottery has opened up at a new mixed-use development at 47-16 Greenpoint Avenue. And with the enormous Sunnyside Yard project in the planning stages, it's a great time to get into the Queens neighborhood. The units up for grabs are a $2,251/month one-bedroom and two $2,714/month two-bedrooms. The building will have retail on the ground floor, a community facility on the second floor, and a total of 10 rentals on floors three and four. It offers laundry and a roof deck.
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Affordable Housing

Via Wiki Commons

August 28, 2018

Apply for 83 affordable units in the South Bronx, starting at $929/month

By Dana Schulz

Via Wiki Commons The second housing lottery to open today in the South Bronx's Longwood section is at Thessalonia Manor, a two-building affordable project adjacent to the Thessalonia Baptist Church. The 120-unit development, from Urban Builders Collaborative and CMC Development, was announced two years ago, and now households earning 60 percent of the area median income can apply for 83 of the units, ranging from $929/month one-bedrooms to $1,289/month three-bedrooms. Like the earlier lottery, the buildings at 960 Prospect Avenue and 961 Reverend James A. Polite Avenue are right near the family-friendly Bill Rainey Park and the 2 and 5 trains at Intervale Avenue. The buildings offer on-site laundry, a community room, courtyard, and roof top terrace.
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Affordable Housing

August 28, 2018

Nine middle-income apartments up for grabs in a family-friendly South Bronx corner, from $1,404/month

By Dana Schulz

A recently completed 29-unit rental at 915 Dawson Street in the Longwood section of the South Bronx has opened up an affordable housing lottery for nine middle-income units reserved for households earning 130 percent of the area median income. The 1,404/month one-bedrooms and $1,575/month two-bedrooms not only offer the chance to live in a lovely new building, complete with a recreation room, laundry room, and parking, but the location just off Bill Rainey Park is the perfect enclave for families. The park has a baseball field, football field, and playground, and just a few blocks away are the 2, 5 trains at Intervale Avenue and the 6 at Hunts Point Avenue. Plus, the New York Public Library's Hunts Point branch is close, as are a myriad of schools, including Longwood Preparatory Academy, Success Academy Middle School, PS 333 The Museum School, PS 39, and PS 130.
See the income breakdown

Affordable Housing

1,000 new affordable homes for NYCHA seniors coming to Central Brooklyn

Photo of Bed-Stuy via Wikimedia

August 27, 2018

1,000 new affordable homes for NYCHA seniors coming to Central Brooklyn

By Devin Gannon

New York State will finance 1,000 affordable homes for seniors who are residents of the city's public housing system, Gov. Andrew Cuomo announced on Sunday. The 100 percent affordable units will be constructed on underutilized land in Central Brooklyn that is owned by NYCHA. The $15 million plan falls under the governor's $1.4 billion Vital Brooklyn initiative, which aims to bring affordable housing, open space and recreation, new jobs and better healthcare services to the area, which includes the neighborhoods of Bed-Stuy, Brownsville, Ocean-Hill, Bushwick, Crown Heights and East New York.
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Affordable Housing

August 27, 2018

Six middle-income units up for grabs across from Crown Heights’ Lincoln Terrace park and tennis courts

By Dana Schulz

Just 10 days ago, an affordable housing lottery opened across from the Lincoln Terrace/ Arthur S. Somers Park in Crown Heights. These units are available to households earning 60 percent of the area median income, but a new lottery right around the corner will provide middle-income New Yorkers the opportunity to get into the neighborhood, too. As of today, those earning 130 percent of the area median income can apply for six apartments at 1764 Union Street, a new, boutique rental building just two blocks from the 3, 4, and 5 trains at Utica Avenue. The units up for grabs range from an $1,800/month studio to $2,500/month two-bedrooms, and residents will have easy access to the park's two tennis courts, two playgrounds, basketball and handball courts, baseball field, and beautiful wooded lawns.
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Affordable Housing

‘Affordable’ middle-income apartments in Bushwick are only $150 cheaper

682 Chauncey Street via Alley Property Management

August 24, 2018

‘Affordable’ middle-income apartments in Bushwick are only $150 cheaper

By Dana Schulz

Sure, you can do a lot with $150 a month, but does that level of savings really constitute as "affordable?" According to the city, yes. The latest housing lottery to come online, reserved for households earning $130 percent of the area median income, is for three $2,450/month two-bedrooms at Bushwick's 682 Chauncey Street. By comparison, market-rate two-bedroom units in the new, 10-unit building go for $2,599 or $2,650.
What's the deal?

Affordable Housing

Lottery launches for affordable apartments in Jersey City, from $1,014/month

Rendering via Genesis Companies

August 23, 2018

Lottery launches for affordable apartments in Jersey City, from $1,014/month

By Devin Gannon

Providing Jersey City residents some rental relief as the market continues to grow, a new housing building opened this week and launched a lottery for 100 percent affordable units. Located at 455 Ocean Avenue in the Greensville section of Jersey City, the five-story building includes 64 apartments, with five of the units set aside for homeless veterans and seven reserved for those earning at or below 30 percent of the area median income. Dubbed the Dr. Lena Frances Edwards Apartments, the rental's remaining units reserved for those earning 60 percent of the AMI ($66,500/year for a family of four) include $1,014/month one-bedrooms, $1,217/month two-bedrooms and $1,407/month three-bedrooms.
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Affordable Housing

Apply for 6 middle-income units on the Bushwick-Ridgewood border, from $1,988/month

Image via Mike Sinko on Flickr

August 22, 2018

Apply for 6 middle-income units on the Bushwick-Ridgewood border, from $1,988/month

By Devin Gannon

Located in Bushwick at 387 Bleecker Street, a brand new building is accepting applications for six middle-income units. The rental is near the Myrtle-Wyckoff Avenue subway station, right by the quirky Queens neighborhood of Ridgewood. New Yorkers earning 130 percent of the area median income can apply for the three $1,988/month one-bedroom and three $2,436/month two-bedroom apartments.
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Affordable Housing

August 22, 2018

Middle-income lotto opens at Bushwick’s glass factory-turned-trendy rental

By Dana Schulz

Two months after leasing kicked off at Glassworks Bushwick, the affordable housing lottery is opening for 19 middle-income units, ranging from $2,098/month studios to $2,715/month two-bedrooms. If this doesn't seem so "affordable," keep in mind that these market-rate apartments are going for $2,500 and $3,100. Plus, the trendy new rental, a cool conversion of the former Dannenhoffer Opalescent Glassworks stained glass factory at 336 Himrod Street, offers a fitness center, lounge, laundry room, book-share library, and, best of all, a landscaped roof deck with a barbeque area.
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Affordable Housing

August 21, 2018

Affordable housing lottery opens for new health-focused complex in the Bronx

By Dana Schulz

A year and a half after breaking ground on the project, mental health nonprofit Community Access has opened the affordable housing for a new, $52.2 million supportive housing complex in the Mount Eden neighborhood of the Bronx. As 6sqft previously reported, "it incorporates sustainable elements such as solar panels and a co-generation plant, as well as health-focused amenities like a community garden and kitchen to encourage and teach about healthy eating, outdoor exercise equipment, and a bike sharing program." The building at 111 East 172nd Street has 126 units, 50 percent of which are set aside for formerly homeless New Yorkers or families with special needs. The remaining half is available as of today through the city's lottery and are reserved for those earning 60 percent of the area median income, including $864/month studios and $1,122/month two-bedrooms.
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Affordable Housing

Riverton Square, via A&E Real Estate

August 20, 2018

New waitlist opens for mixed-income units at East Harlem’s Riverton complex, from $1,174/month

By Dana Schulz

Last November, East Harlem’s Riverton Square opened up its 7,500-name waitlist for middle-income families. They've now reopened it, this time to a wider range of income brackets. Households earning 60, 80, or 125 percent of the area median income can put their name on the list for units ranging from $1,174/month one-bedrooms to $2,983/month three-bedrooms. The affordable seven-building development was built by the Metropolitan Life Insurance Company in 1947 to serve as housing for WWII veterans. Unlike their similar complexes, Stuyvesant Town and the Bronx's Parkchester, Riverton did not bar black and Hispanic tenants from renting. Today, the 12-acre complex offers a gated community with 12 acres of beautifully landscaped grounds and a public fountain, a new basketball court and playground, and a newly built senior center and after-school center.
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Affordable Housing

August 17, 2018

Lottery launches for affordable units across from Lincoln Terrace in Crown Heights, from $938/month

By Devin Gannon

Located across from the Lincoln Terrace/ Arthur S. Somers Park in Crown Heights, a newly constructed building has 10 affordable apartments up for grabs. New Yorkers earning 60 percent of the area median income can apply for the apartments, which include $938/month studios, $1,080/month one-bedrooms and $1,223/month two-bedrooms. In addition to being across from 21 acres of public park, the rental at 24 Ford Street also features a fitness center, lounge, a bike room, and parking.
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Affordable Housing

August 16, 2018

Apply for 35 affordable apartments in Bed-Stuy, from $745/month

By Devin Gannon

A six-story building in Bed-Stuy launched a lottery this week for 35 affordable apartments. Developed in collaboration between Comunilife and NYC Health + Hospitals, the Woodhull Residence at 179 Throop Avenue contains 89 studio apartments, designed as supportive and affordable housing. The apartments up for grabs through the lottery are set aside for individual New Yorkers earning 50 and 60 percent of the area median income, or between $27,463 and $43,860 annually, and include $746/month and $903/month studios.
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Affordable Housing

3 chances to live just steps from the G train in Bed-Stuy, from $1,912/month

Photo via Julien Magne/Flickr

August 14, 2018

3 chances to live just steps from the G train in Bed-Stuy, from $1,912/month

By Devin Gannon

A six-story building in Bed-Stuy launched a lottery this week for three middle-income units. The newly constructed building, located at 523 Willoughby Avenue, sits between Marcy and Tompkins Avenues and just a two-minute walk from the G train. Qualifying New Yorkers earning 130 percent of the area median income can apply for one $1,912/month one-bedroom and two $2,303 two-bedroom apartments.
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Affordable Housing

Prospect Park Boathouse via Flickr/cc

August 13, 2018

Six brand-new, middle-income apartments available right off the park in Prospect-Lefferts Gardens

By Dana Schulz

Prospect-Lefferts Gardens is becoming a more and more coveted neighborhood, especially when you're just a few short blocks from Prospect Park and the B and Q trains at Parkside Avenue, which is exactly the selling point for the new 20-unit rental at 830 Flatbush Avenue. The building was recently completed and as of today, households earning 130 percent of the area median income can apply for six middle-income apartments, including $2,253/month one-bedrooms and $2,716/month two-bedrooms. They'll also have access to a fitness center, laundry room, lounge, bike storage, and roof deck.
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Affordable Housing

Affordable Housing

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