Affordable Housing

May 9, 2018

Trump could get over $30M from sale of a Brooklyn affordable housing complex he partially owns

Starrett City photo via Matt Green on Flickr, President Trump photo via Wikimedia As he proposes funding cuts to the Department of Housing and Urban Development's subsidized housing programs, President Donald Trump is set to gain millions of dollars from the sale of an affordable housing complex in East New York, best known as Starrett City. Investors, including Trump who owns a 4 percent stake in the development, sold the 46-building complex to two real estate firms for $906 million, ABC News reported Tuesday. Trump is set to profit about $36 million from the sale (an amount which could drop after mortgage costs and transfer taxes). Home to roughly 15,000 residents across 145 acres, Starrett City is the largest federally subsidized housing project in the country.
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Six chances to snag an East Williamsburg one-bedroom for $1,150/month

Photo via David Berkowitz/Flickr

May 8, 2018

Six chances to snag an East Williamsburg one-bedroom for $1,150/month

By Devin Gannon

Photo via David Berkowitz/Flickr A housing lottery launched this week for six affordable units in the East Williamsburg neighborhood of Brooklyn. The newly constructed development at 251 Devoe Street contains seven units, all of them spacious with open layouts. While some of the units in the building include balconies, all have central air and modern appliances. Qualifying New Yorkers earning 60 percent of the area median income can apply for the $1,150/month one-bedrooms. The rental building sits closest to the L and G trains, as well as a dog park and plenty of happening bars and restaurants.
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Affordable Housing

Lottery for 218 affordable units opens in new Bronx building with yoga pavilion and rooftop farm

Rendering courtesy of Dattner Architects

May 8, 2018

Lottery for 218 affordable units opens in new Bronx building with yoga pavilion and rooftop farm

By Dana Schulz

Nearly a year ago, L+M Development Partners and Hornig Capital Partners broke ground on a $156 million, mixed-use development on the St. Barnabas Hospital campus in the Belmont section of the Bronx, adjacent to Little Italy's Arthur Avenue and just a short walk to the Bronx Zoo. A pair of all-affordable housing projects--an 11-story, 181-unit building at 4511 Third Avenue and a 12-story, 133-unit building down the street at 4439 Third Avenue--the Dattner Architects-designed complex aims to combine health care services, affordable housing, job creation, outdoor fitness areas, and healthy food options to low-income residents of the community. And these residents earning 60 percent of the area median income can now apply for 218 apartments, ranging from $865/month studios to $1,289/month three-bedrooms.
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Affordable Housing

You can own an affordable co-op in the South Bronx for just $92K

Photo via Dan DeLuca’s Flickr

May 7, 2018

You can own an affordable co-op in the South Bronx for just $92K

By Devin Gannon

Applications are now being accepted for three newly renovated co-ops in the Longwood neighborhood of the South Bronx, part of the city's initiative to make affordable homeownership more accessible for first-time buyers. Located at 847 Fox Street, the three-bedroom units are move-in ready, with renovated kitchen and bathrooms, new electrical and heating systems and energy efficient appliances. Qualifying New Yorkers earning 120 percent of the area median income can apply for the three units, listed for a subsidized price of roughly $91,483.
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Affordable Housing

May 4, 2018

Two buildings near Crotona Park in the South Bronx launch lotteries, from $897/month

By Devin Gannon

Sixteen moderate-income apartments are up for grabs in two buildings located in the Claremont and Morrisania neighborhoods of the South Bronx. The buildings, located at 625 Jefferson Place and 3531 Third Avenue, sit near Crotona Park, a nearly 128 acre public park with a lake, 20 tennis courts a massive swimming pool and 28 species of trees. Qualifying New Yorkers earning 80 percent of the area median income can apply for the apartments ranging from $897/month studios to a $1,764/month four-bedrooms.
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Affordable Housing

May 4, 2018

Live in a one bedroom near the Brooklyn Children’s Museum in Crown Heights for $2,253/month

By Devin Gannon

Photo by Julienne Schaer for NYC&Company A housing lottery launched Friday for just three one-bedroom apartments in the northern section of Crown Heights. Located at 730 Prospect Place, the building rises five stories and contains eight units. It sits between the colorful, Rafael Viñoly-designed Brooklyn Children's Museum and Brower Park and the myriad of food and drink options of Franklin and Washington Avenues. Qualifying New Yorkers earning 130 percent of the area median income can apply for the three $2,253/month one-bedroom units.
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Affordable Housing

Cynthia Nixon’s Rent Justice for All platform would extend rent stabilization and boost tenant protection

Cynthia Nixon image; image

May 4, 2018

Cynthia Nixon’s Rent Justice for All platform would extend rent stabilization and boost tenant protection

By Michelle Cohen

Cynthia Nixon, the "Sex and the City" actress-turned-Democratic gubernatorial candidate, has unveiled a Rent Justice for All platform that would bolster protection for tenants statewide. Curbed reports that Nixon, who is running against Governor Andrew Cuomo as a Democratic candidate, announced Rent Justice for All, a series of measures intended to address the growing burden placed on New York's renters, of which there are many: Nixon said in a statement, “Half of our state residents are renters, and under Governor Cuomo, New York’s renters have been left behind.”
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16 chances to snag an affordable one bedroom in East Williamsburg for $1,080/month

Rendering via Leverich Design Studio

May 4, 2018

16 chances to snag an affordable one bedroom in East Williamsburg for $1,080/month

By Devin Gannon

Located in between artist-hipster enclaves of Bushwick and Williamsburg, a newly constructed building at 89 Bartlett Street has launched an affordable housing lottery for 16 affordable one-bedroom units. Qualifying New Yorkers earning between roughly $37,000 and $50,000 annually (or 60 percent of the area median income), can apply for the $1,080/month one-bedroom apartments.
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Affordable Housing

Live in Manhattan West’s massive Eugene rental for just $613 month, lottery opens for 103 units

Renderings via The Eugene

May 3, 2018

Live in Manhattan West’s massive Eugene rental for just $613 month, lottery opens for 103 units

By Dana Schulz

Between the adjacent mega-developments Hudson Yards and Manhattan West, the far west side is banking on becoming a city within a city. And if this amenity-rich lifestyle appeals to you, here's a chance to get in on the action for less. Starting tomorrow, the second phase of the affordable housing lottery at Manhattan West's massive rental the Eugene will be open for 103 low- and middle-income apartments, ranging from $613/month studios to $2,519/month two-bedrooms. Designed by Skidmore Owings & Merill (SOM), the 62-story glass tower at 435 West 31st Street offers amenities like a rock climbing wall, "sky lounge," pet spa, and fitness center. These are in addition to Manhattan West's two-acre public park and 240,000 square feet of curated food, retail and other pop-up events
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Affordable Housing

750 mostly affordable apartments coming to the South Bronx near Yankee Stadium

Photo via Wiki Commons

May 3, 2018

750 mostly affordable apartments coming to the South Bronx near Yankee Stadium

By Dana Schulz

The South Bronx's building boom is continuing with the announcement of a pair of developments near Yankee Stadium that will bring 750 mixed-use residential units to the area. As reported by The Real Deal, Maddd Equities is developing two sites across from each other at 1159 and 1184 River Avenue. The former will have 250 affordable and supportive housing units, and the latter will be a set of 17-story buildings with 500 apartments, most of which will be reserved for low-income households.
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7 chances to live across from Pelham Bay Park in the Bronx, from $1,600/month

By Devin Gannon

A newly constructed rental in the Bronx has launched a lottery for seven middle-income apartments, located across from the city's largest public park, Pelham Bay Park. The park measures over three times the size of Central Park and includes two golf courses, miles of hiking trails, many fields and courts and Orchard Beach, a man-made beach designed by Robert Moses. Qualifying New Yorkers earning 130 percent of the area median income can apply for three one-bedrooms for $1,600/month and four two-bedrooms for $1,800/month.
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Affordable Housing

May 1, 2018

Lottery launches for 250+ mixed-income apartments in East Tremont, from $822/month

By Devin Gannon

Rendering via Mastermind Development The Tremont Renaissance housing complex this week launched a lottery for 255 apartments, part of Mayor Bill de Blasio's affordable housing plan aimed at bringing more mixed-income units to New York City. Located in the East Tremont neighborhood of the Bronx, the development at 4215 Park Avenue rises 12 stories and features roughly 40,000 square feet of commercial space on the ground level. Qualifying New Yorkers earning 60, 100 and 120 percent of the area median income can apply for the apartments ranging from $822/month studios to $1,965 three-bedrooms.
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Affordable Housing

Apply for 100+ affordable apartments at this flashy new tower near Grand Central, from $613/month

Rendering via Handel Architects

April 30, 2018

Apply for 100+ affordable apartments at this flashy new tower near Grand Central, from $613/month

By Dana Schulz

Reduced rent AND the opportunity to walk to work? That's the dream scenario up for grabs for Midtown East workers at Handel Architects' 222 East 44th Street, where a mixed-use affordable housing lottery for 109 units just came online. The handsome, 42-story torqued glass tower sits between Second and Third Avenues, fronting both 43rd and 44th Streets, meaning it's just a hop, skip, and jump away from Grand Central, the Chrysler Building, and the UN. The apartments are available to those earning 40, 60, and 130 percent of the area median income and range from $613/month studios to $2,733/month two-bedrooms. The lucky residents will also be treated to a bevy of amenities.
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Affordable Housing

Lottery opens for 15 affordable apartments in Riverdale, just across from Van Cortlandt Park

Photo of Van Cortlandt House Museum via mtchlra via photopin cc

April 30, 2018

Lottery opens for 15 affordable apartments in Riverdale, just across from Van Cortlandt Park

By Devin Gannon

If you're looking for a bit of the suburban lifestyle without leaving the boroughs, this affordable housing lottery in the Bronx may be for you. Fifteen apartments at Stagg Group’s Riverdale project The Station (so named for being adjacent to the 1 train station) at 5959 Broadway are up for grabs for New Yorkers earning 80 percent of the area median income. These include 12 $1,292/month one-bedrooms and three $1,458/month two-bedrooms. Just as good as the price is the location; the mixed-use building is directly across from the southeast entrance to Van Cortlandt Park, right near the swimming pool and Van Cortlandt House Museum. And for families, it's also just a couple blocks from the prestigious Horace Mann School and Manhattan College.
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Affordable Housing

58 affordable units up for grabs in historic Queens neighborhood of St. Albans, from $558/month

Image via Sisca

April 27, 2018

58 affordable units up for grabs in historic Queens neighborhood of St. Albans, from $558/month

By Devin Gannon

A lottery launched this week for 58 mixed-income apartments in a newly constructed building in St. Albans, a suburban enclave in western Queens. Located at 118-35 Boulevard, the development sits near the historic district of Addisleigh Park. Although it started as a white-only community, the neighborhood was home to many notable African Americans, including famous jazz musicians, from the 1930s and on. Artists like Count Basie, James Brown, John Coltrane, Miles Davis, Ella Fitzgerald, and even baseball superstars like Babe Ruth and Jackie Robinson all have lived in this area. Qualifying New Yorkers earning 40, 50, 60 and 80 percent of the area median income can apply for units ranging from $558/month one-bedroom to a $1,511/month two-bedroom apartments.
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Affordable Housing

Lottery opens for 28 affordable apartments in Alphabet City, from $596/month

Photo via Paul Sableman/Flickr

April 26, 2018

Lottery opens for 28 affordable apartments in Alphabet City, from $596/month

By Dana Schulz

A 110-unit, mixed-use project in Alphabet City is nearing completion, and with that, has just launched its affordable housing lottery for 28 apartments. The mixed-income units are available to those earning 40, 60, and 130 percent of the area median income and range from $596/month studios to $2,519/month two-bedrooms. The 75/25 project at 79 Avenue D offers a terrace, landscaped roof deck, fitness center, lounge, bike room, and, of course, proximity to all the trendy spots in the East Village and Lower East Side.
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Affordable Housing

Nearly 900 Section 8 residents in NYC spend more than 80 percent of income on rent

Photo via Pexels

April 26, 2018

Nearly 900 Section 8 residents in NYC spend more than 80 percent of income on rent

By Michelle Sinclair Colman

Can anyone, at any income level, justify and sustain paying 80+ percent of their income on rent? Obviously not. According to the Housing and Urban Development website, “If a household pays more more than 30 percent of its gross income on rent and utilities it is considered rent-burdened." Despite HUD’s claim, amNY highlighted two NYC renters in Section 8 housing who spend over 80 percent of their income on rent. The housing policies peg their rent to their income. Robert Rodriguez, who has lived in his Upper West Side apartment for 41 years and filed a lawsuit last June against the city, now pays a whopping 86 percent of his income in rent. Adding to the problems, on Wednesday HUD Secretary Ben Carson proposed massive changes, which would triple rent for the poorest households and make it easier for housing authorities to impose work requirements.
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April 24, 2018

Crown Heights middle-income housing lottery gets you near all the action

By Dana Schulz

But it won't really save you enough to enjoy all this happening 'hood has to offer. The latest in a string of "affordable" middle-income lotteries, this offering for three $2,716/month two-bedroom units at 85 Rogers Avenue is reserved for households earning between $93,120 and $111,670 annually, or 130 percent of the area median income. For a single person earning the lower end of the range, this is more than a third of their yearly income before taxes. So hitting up nearby Barboncino for wood-fired pizza or Super Power for tiki cocktails, might not be the most economical idea.
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Affordable Housing

April 24, 2018

Live right next to Prospect Park in Prospect-Lefferts Gardens, from $1,807/month

By Devin Gannon

Want Prospect Park as a backyard? Enter a lottery for 16 middle-income apartments at a brand new building in Brooklyn's Prospect-Lefferts Gardens that sits directly across from the 526-acre park. Located at 510 Flatbush Avenue (also 33 Lincoln Road), the Lincoln Road Apartments rise nine stories and contain 141 units. Qualifying 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.
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Affordable Housing

Lottery launches for five middle-income units in Parkchester, from $1,700/month

The Aileen B. Ryan Oval fountain sits in the center of Parkchester; photo via Wikipedia

April 20, 2018

Lottery launches for five middle-income units in Parkchester, from $1,700/month

By Devin Gannon

A housing development located in the Bronx's Parkchester neighborhood has five middle-income apartments up for grabs. The two buildings at 1360-1364 Purdy Street are located just outside the planned neighborhood and sits around the corner from the 6 train at Castle Hill Avenue. Qualifying New Yorkers earning 130 percent of the area median income can apply for units ranging from a $1,700/month one-bedroom to a $1,875/month two-bedroom.
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Affordable Housing

Middle-income housing lottery in Bed-Stuy saves renters close to nothing

Google Street View of 867 DeKalb Avenue

April 19, 2018

Middle-income housing lottery in Bed-Stuy saves renters close to nothing

By Dana Schulz

For the second time in two days, the city's affordable housing portal has opened the application process for a middle-income lottery that's basically no cheaper than the building's regular market-rate units. For example, this opportunity at 867 DeKalb Avenue, a recently constructed rental in Bed-Stuy, is offering 11 units to those earning 115, 125, and 130 percent of the area median income. The "affordable" apartments range from $2,163/month one-bedrooms to $2,716/month two-bedrooms. By comparison, the market-rate units start at $2,100 for one-bedrooms and $2,744 for two-bedrooms.
What's up with that?

Affordable Housing

April 18, 2018

Live in the heart of hip Williamsburg, from $865/month

By Devin Gannon

Via Dattner Architects Although rental prices are dropping in Williamsburg due to the impending L-train shutdown, a recently launched lottery is offering up a can't-miss deal. A brand new building located at 105 South Fifth Street has 38 affordable units up for grabs. In addition to the housing units, the Datter Architects-designed mixed-use project features roughly 4,000 square feet of retail and a 1,000-square-foot medical facility. Qualifying New Yorkers earning 60 percent of the area median income can apply for apartments ranging from an $865/month studio to a $1,121/month two-bedroom.
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Affordable Housing

Middle-income lottery opens for seven apartments in pretty Prospect-Lefferts Gardens

Photo via CityRealty

April 17, 2018

Middle-income lottery opens for seven apartments in pretty Prospect-Lefferts Gardens

By Dana Schulz

Here's your chance to live in pretty Prospect-Lefferts Gardens for, perhaps, less than the neighborhood's market-rate rents. An affordable housing lottery is opening for seven units in a new, eight-story building at 212 Linden Boulevard. As 6sqft recently uncovered, many middle-income apartments throughout the city serve more to subsidize the truly affordable units, and therefore, don't come in that much cheaper. Here, the homes are available to those earning 130 percent of the median income and range from $1,800/month studios to $2,714/month two-bedrooms. By comparison, the market-rate rentals range from $1,850/one bedrooms to $3,000/month two-bedrooms.
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Affordable Housing

$700M proposal calls for NYC’s first soccer stadium and 550 affordable apartments in the South Bronx

Rendering via Rafael Viñoly Architects

April 17, 2018

$700M proposal calls for NYC’s first soccer stadium and 550 affordable apartments in the South Bronx

By Devin Gannon

New York City could be getting its first soccer stadium if a proposal for the project led by Related Companies gets chosen by officials. A partnership made up of developers Related and Somerset Partners, along with the Major League Soccer team, New York City Football Club, has submitted a plan to bring a 26,000-seat soccer stadium designed by Rafael Viñoly, over 550 units of affordable housing and a waterfront park to the South Bronx. According to YIMBY, the project, estimated to cost $700 million, would rise on the site of the Harlem River Yards, a 13-acre parcel in Mott Haven operated by the Empire State Development Corporation.
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Rendering via ODA Architects

April 16, 2018

100 chances to live at ODA’s Rheingold Brewery development in Bushwick, from $913/month

By Devin Gannon

A lottery launched this week for 100 affordable units at 10 Montieth Street, part of the massive ODA-designed Rheingold Brewery development in Bushwick. The seven-story, 392-unit building topped out last September, with its distinct modular form, sloping rooftop garden and colorful frames. Amenities at the building include a climbing wall, laundry room, interior courtyard, game room, bike storage, children's playroom, art studios and much more. Qualifying New Yorkers earning 60 percent of the area median income can apply for the units, ranging from $913/studios to $1,183/two-bedroom apartments.
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Affordable Housing

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