Affordable Housing

Live in SOM’s new Hudson Yards project for $913/month, lottery launching for 169 units
September 2, 2016

Live in SOM’s new Hudson Yards project for $913/month, lottery launching for 169 units

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6sqft revealed renderings at the beginning of the year of Skidmore, Owings & Merrill's Hudson Yards-adjacent, five million-square-foot Manhattan West project, which "will include two office towers, a rental tower with 844 apartments at 435 West 31st Street, retail space and a new landscaped public plaza designed by James Corner Field Operations, the firm responsible for the design of the High Line." As of Tuesday, September 6th, New Yorkers earning 60 percent of the area median income can apply for 169 affordable apartments in the residential tower; they'll range from $913/month studios to $1,359/month three-bedrooms.
Find out if you qualify here
Apply for 116 brand new apartments at an amenity-loaded UWS tower, units from $833
August 30, 2016

Apply for 116 brand new apartments at an amenity-loaded UWS tower, units from $833

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Starting tomorrow, qualifying New York residents can apply for 116 sparkling new apartments at 10 Freedom Place South in Christian de Portzamparc’s masterfully planned Riverside Center on the Upper West Side. The affordable offer is part of Silverstein Properties and the Elad Group's luxurious new Pelli Pelli Clarke-designed 1 West End Avenue project, built through the city's 421-a Inclusionary Housing Program. As such, the development's 365 units have been divided into two sections served by two separate entrances—116 affordable apartments located in the lower eight floors marked by stone, and 249 lavish market-rate units topping them off in the glass tower.
Pricing and income requirements this way
Housing lotto kicks off today for 27 Bed-Stuy/Ocean Hill apartments, from $834/month
August 23, 2016

Housing lotto kicks off today for 27 Bed-Stuy/Ocean Hill apartments, from $834/month

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As a subsection of Bed-Stuy—and with a location adjacent to rapidly gentrifying Bushwick—Ocean Hill has seen renewed interest from developers in the last few years. The approved rezoning of East New York in February has also given the neighborhood a big boost and brokers have started calling the area Brooklyn's "last frontier." As such, although the area median income remains very low ($35,000), home prices are quickly moving skyward and flipping is already in full effect. But not all is lost for those with lesser means. Starting today, qualifying NYC residents can apply for 27 newly constructed apartments at 1676 Broadway and 8 Rockaway Avenue. Apartments ranging from one- to three-bedrooms have been priced between $834 and $1,163 a month and are being offered to households earning between $30,000 and $63,000.
See more on if you qualify here
Cuomo wants to revive 421-a program with wage subsidies
August 18, 2016

Cuomo wants to revive 421-a program with wage subsidies

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One of the biggest snags in Mayor de Blasio's ambitious affordable housing plan (to add/preserve 200,000 such units over the next decade) has been his contention with Governor Cuomo over the city's 421-a program, which provides tax breaks for up to 25 years to new residential buildings that reserve at least 20 percent of units as affordable. The program expired in January, fueling concerns that permits for new rental units would drop as developers face skyrocketing land prices and be replaced with even more luxury condos. Now, after months of uncertainty, the Times reports that the Governor "has offered developers and union officials a wage subsidy for construction workers in the hopes of reviving [421-a]." His proposal was sent out as a single-page memo to residential developers on Tuesday night, presumably unbeknownst to de Blasio. Though it doesn't require union work force or prevailing wages, it does set a $65/hour minimum for projects south of 96th Street in Manhattan with 300 or more units and a $50/hour minimum for those of the same size along the Brooklyn and Queens waterfronts, $15 of which will be paid for by the state. These projects will be required to set aside 25 to 30 percent of units as below-market rate rentals.
More details ahead
City Says Yes to Bronx Complex, No to Flatiron Site for Affordable Housing Plan
August 16, 2016

City Says Yes to Bronx Complex, No to Flatiron Site for Affordable Housing Plan

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The New York City Planning Commission has voted to approve a boutique condominium project on Manhattan's west side without the mayor's new Mandatory Inclusionary Housing plan in place, the New York Times reports; a much larger development in the Bronx also got the green light, and will be among the first to be included in the new affordable housing program. 6sqft reported previously on the controversy over whether a 17-story condominium slated to replace a parking lot and two low rise buildings at 6th Avenue at West 18th should be among the first recipients of the mayor’s new mandatory inclusionary housing (M.I.H.) program. Both the city and the project's developers, Acuity Capital Partners, made the argument that the proposed project is “more of a rejiggering of the zoning than an enlargement,” and therefore does not fall under the M.I.H. rules.
Find out more
Live on the High Line for $596/Month, Lottery Launching for 75 Units at New West Chelsea Tower
August 15, 2016

Live on the High Line for $596/Month, Lottery Launching for 75 Units at New West Chelsea Tower

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As 6sqft reported last summer, "To provide a gradual transition from mid-rise West Chelsea to the enormous skyscrapers planned for the Far West Side, the Bloomberg administration in 2005 allowed more generous zoning between West 28th and 30th Streets along Tenth and Eleventh avenues." One of the projects that took advantage of this upzoning was what's now being called Maestro West Chelsea, a 35-story, 220-unit, mixed-use tower at 323 Tenth Avenue (the tallest in the neighborhood) and its two adjoining 13-story buildings at 507 West 28th Street, which are providing an additional 155 units. The two portions are on either ends of the High Line and were designed by Avinash K. Malhotra Architects. Starting tomorrow, qualifying New Yorkers earning 40 or 50 percent of the area media income have the chance to apply for 75 affordable units in the buildings. They range from $596/month studios to $979/month two-bedrooms, and amenities include an attended lobby, recreation room, roof deck, fitness center, and parking (not to mention a much-sought-after location on one of the city's biggest outdoor attractions).
Find out if you qualify here
Live in Riverdale’s Historic Fieldston Neighborhood For Just $1,230 a Month
August 12, 2016

Live in Riverdale’s Historic Fieldston Neighborhood For Just $1,230 a Month

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While the Bronx has been busting at the seams with affordable housing lotteries, most of them have been clustered in the southern areas of the borough. The latest, however, takes us up to the historic Fieldston neighborhood of Riverdale, considered one of the city’s best preserved early 20th century suburbs. These nine available units, $1,230/month one-bedrooms and $1,403/month two-bedrooms, may not be located in one of the area's signature revival style homes, but they are in a brand new building at 6155 Broadway, right on Van Cortlandt Park and steps away from the prestigious Horace Mann school.
See more interiors and find out if you qualify
Live in SHoP’s American Copper Buildings for $833/Month, Lottery Launching for 160 Affordable Units
August 11, 2016

Live in SHoP’s American Copper Buildings for $833/Month, Lottery Launching for 160 Affordable Units

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One of the flashiest new residential projects on the horizon is the American Copper Buildings, the SHoP Architects-designed dancing towers along the East River that have become best known for their three-story, amenity-filled skybridge, the highest such structure in the city at 300 feet above street level. As 6sqft previously reported, when completed early next year, the shimmering buildings will offer 761 rental units, 20 percent of which will be earmarked for low-income households. This latter group of 160 apartments has now officially come online through the city's affordable housing lottery, ranging from $833/month studios to $1,247/month three-bedrooms.
Find out if you qualify here
135 Units of Affordable Housing Planned for the Coney Island Boardwalk
August 11, 2016

135 Units of Affordable Housing Planned for the Coney Island Boardwalk

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In 2009, former Mayor Bloomberg rezoned the Coney Island waterfront to accommodate new residential and commercial development. While the city has moved ahead to build more amusement park rides at this popular summer destination, there hasn't been an explosion of new residential development since the rezoning. But plans are moving ahead for a nine-story building designed to hold 135 affordable and supportive housing apartments right along the boardwalk. In April, developers Georgica Green Ventures and Concern for Independent Living filed plans for the new building at 2002 Surf Avenue, reports CityRealty.com. Called Surf Vets Plaza, the building will totally transform the corner of West 21st Street and Surf Avenue, which is now a 170,000-square-foot vacant lot.
Read more about the development plans
Six Affordable Units Up For Grabs Near the Bronx Zoo, Starting at $956/Month
August 10, 2016

Six Affordable Units Up For Grabs Near the Bronx Zoo, Starting at $956/Month

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The Bronx is booming when it comes to affordable housing. In fact, as 6sqft recently reported, more than 43 percent of the units under Mayor de Blasio's affordable housing plan that began construction this year were in the borough. The latest is located at 12907 Southern Boulevard in the East Tremont neighborhood, just a short walk to the Bronx Zoo. Starting tomorrow, qualified New Yorkers can apply for three $956/month one-bedrooms and three $1,080 two-bedrooms. Developed through the city's 421-a program, the eight-story building has an elevator, laundry room, and bicycle parking.
READ MORE
Sixth Avenue Adorama Site May Be the First Battle Over Mayor’s New Housing Program
August 9, 2016

Sixth Avenue Adorama Site May Be the First Battle Over Mayor’s New Housing Program

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The New York Times reports on what is looking like the first of many fights involving the mayor’s new mandatory inclusionary housing (M.I.H.) program which went into effect earlier this year. While the project, a 17-story condominium slated to replace a Manhattan parking lot and two low-rise buildings–one of which houses the venerable Adorama camera store–may not be especially noteworthy, as one of the first developments that may use the new zoning/housing rules, the outcome has the potential to affect thousands of lower-income units in the future. So it's worth following the outcome, even though, as City Planning Commissioner Carl Weisbrod puts it, "like any legislative action, it will take time for every scenario to play out.”
What's the battle all about?
Two Chances to Live in a Bushwick Two-Bedroom For $1,030/Month
August 9, 2016

Two Chances to Live in a Bushwick Two-Bedroom For $1,030/Month

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Bushwick may no longer be the affordable counterpart to Williamsburg, but here are two chances to nab a brand new two-bedroom apartment in the 'hood for just $1,030 a month. The latest offering through the city's housing lotteries, the units are located at 303 Stanhope Street, less than a block from the DeKalb Avenue L train station and, come the shutdown, just a seven-minute walk to the Knickerbocker Avenue M train station.
Find out if you qualify
79 Affordable Units Up For Grabs in New Luxury Hell’s Kitchen Project, Starting at $913/Month
August 8, 2016

79 Affordable Units Up For Grabs in New Luxury Hell’s Kitchen Project, Starting at $913/Month

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Last June, Mitsui Fudosan, one of the largest real estate companies in Japan, bought a majority stake in Taconic Investment Partners' 525 West 52nd Street, a $330 million rental development between 10th and 11th Avenues. As the Journal reported at the time, the two-towered Hell's Kitchen project (one is 22 stories, the other 14) will offer 392 apartments with 80 set aside for low-income residents, as it was developed through the city's 421-a program. Now, those affordable units have come online through the city's housing lottery, and they range from $913/month studios to $1,183/month two-bedrooms.
Find out what luxury perks the building offers
Apply Today for 24 Affordable Apartments Near Van Cortlandt Park, Starting at $1,292/Month
August 8, 2016

Apply Today for 24 Affordable Apartments Near Van Cortlandt Park, Starting at $1,292/Month

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The third largest park in the city (behind Pelham Bay Park and the Staten Island Greenbelt), Van Cortlandt Park is not only adjacent to Woodlawn Cemetery, the New York Botanical Garden, and the Bronx Zoo, but it's also home to the country's first public golf course, the oldest house in the borough, and the city's largest freshwater lake. If living near this 1,000+ acre oasis sounds appealing, an affordable housing lottery has just launched for 24 brand new units at 3677 White Plains Road in the Olinville neighborhood. One bedrooms are going for $1,292/ months and two-bedrooms for $1,458.
Find out if you qualify here
Live in a Flashy New Tower Near Hudson Yards for $913/Month, Lottery Opens Tomorrow
August 3, 2016

Live in a Flashy New Tower Near Hudson Yards for $913/Month, Lottery Opens Tomorrow

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Just this week, BKSK Architects' dapper new mixed-use tower in the Hudson Yards district topped off at 345 feet. Located at 509 West 38th Street and dubbed the Hi-Side, the 30-story building is just four blocks from the new 7 train stop and adjacent to the forthcoming Hudson Park Boulevard. When it opens its doors next year, it will offer 225 rentals, 46 of which will be reserved for New Yorkers earning 60 percent of the area media income. As of tomorrow, the latter batch of residences will be up for grabs through the city's affordable housing lottery, with units ranging from $913/month studios to $1,183/month two-bedrooms.
Find out more right here
Lottery Opens for 57 New Units Near Yankee Stadium, Starting at $494/Month
August 3, 2016

Lottery Opens for 57 New Units Near Yankee Stadium, Starting at $494/Month

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Just three blocks from Yankee Stadium and a 20-minute walk from the newly opened High Bridge is Summit Ridge, a six-story, brick affordable housing building designed by Aufgang Architects. Its 57 units, now up for grabs through the city's lottery, are reserved for New Yorkers earning 60 percent of the area median income, or $18,275 for individuals up to $63,060 for families of six. The apartments range from $494/month studios to $1,182/month three bedrooms and have access to the building's amenities that include bike storage, an outdoor terrace, laundry room, and community room.
More details this way
Lottery Opens for 50 Middle-Income Units at High-End Rental West End Towers
August 2, 2016

Lottery Opens for 50 Middle-Income Units at High-End Rental West End Towers

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Most of the affordable housing lotteries that have been coming online through the city's portal have served low-income New Yorkers. The latest, though, has a higher income range, catering to middle-income tenants who earn 130 percent of the area median income, or $70,732 for an individual up to $117,700 for a family of four. The 50 available units are located at West End Towers, a luxury 1,000-unit rental at West End Avenue and 63rd Street, less than a block away from Riverside Park and just two blocks from Lincoln Center. The apartments range from $2,024/month studios to $2,611/month two-bedrooms.
Learn about the high-end amenities
City Will Study Residential Rezoning of Gowanus, But Locals Want More Affordable Housing
August 2, 2016

City Will Study Residential Rezoning of Gowanus, But Locals Want More Affordable Housing

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When the area surrounding the Gowanus Canal was designated a Superfund site by the EPA in 2010, it seemed all but impossible that the contaminated, warehouse-laden neighborhood could get on par with the rest of Brooklyn. But recent years have brought major cleanup efforts along the 1.8-mile Canal, leading to new additions like a Whole Foods (quite possibly the first sign of gentrification) and subsequent interest from developers in creating higher end housing. This fall, reports DNAinfo, the Department of City Planning will launch a study to explore a rezoning of Gowanus that would allow for more residential developments in what is currently an industrial section. Locals, however, have similar concerns to those who opposed the recent, controversial East New York rezoning--that it will only incentive developers, causing displacement of longtime residents, and that any affordable housing put forth in the plan would still be out of reach for the lowest income residents. They've therefore created their own redevelopment plan called Bridging Gowanus, which, as the Times notes, calls for "greater density and more affordable apartments in return for improvements and guarantees that preserve the precarious soul of the district."
More details ahead
Could Facebook’s Entry Into Residential Real Estate Offer a Model for Housing in Expensive Cities?
August 1, 2016

Could Facebook’s Entry Into Residential Real Estate Offer a Model for Housing in Expensive Cities?

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Facebook recently proposed a plan to create 1,500 apartments for employees near their Menlo Park, California campus, with 15 percent of the housing set aside for low-income families. According to Wired, "Urban planners and local developers call it a generous gesture that could bring sorely needed housing to the area." The company wants to construct two new office buildings and a hotel on land near its original campus to accommodate thousands of planned hires. Some people argue that the tech company getting into the property development game will actually drive up housing prices in a market that's already one of the nation's most expensive areas.
Would company housing help in New York City?
Lottery Opens For 75 Affordable Units in Fisher Brothers’ Glassy New Murray Hill Tower
July 29, 2016

Lottery Opens For 75 Affordable Units in Fisher Brothers’ Glassy New Murray Hill Tower

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Starting today, New Yorkers earning 60 percent of the area median income can apply for 75 brand new units at 225 East 39th Street, the 36-story, curving glass high-rise from the Fisher Brothers and designed by Handel Architects. Located at an interesting crossroads of residential Murray Hill and tower-laden Midtown East, the 373-unit rental offers an impressive pack of amenities, including a fitness center, swimming pool, hot tub and sauna, yoga studio, game room, outdoor terrace, courtyard garden, roof deck with cabanas and barbecue stations, and on-site parking. The affordable units, which may be required to pay additional fees for some of these amenities, range from $833/month studios to $1,247/month three-bedrooms.
More on the building and application process
13 Chances to Live in a Cool Williamsburg Rental For As Low As $722/Month
July 27, 2016

13 Chances to Live in a Cool Williamsburg Rental For As Low As $722/Month

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Starting today, an affordable housing lottery is open for 13 units at Williamsburg's new rental the Brooklyn Grand. Located at 774 Grand Street, the Meshberg Group-designed building is eight stories tall with ground-floor retail and offers a total of 64 units, 20 percent of which are reserved for individuals earning 60 percent of the area median income. The units up for grabs range from $722/month studios to $900/month two-bedrooms, and tenants will have access to the building's roof terrace and fitness center and, for an additional fee, parking and bike storage.
See if you're qualified to apply
Nearly 200 Affordable Units Up For Grabs in East New York, Starting at $788/Month
July 27, 2016

Nearly 200 Affordable Units Up For Grabs in East New York, Starting at $788/Month

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The affordable housing go-to's at Dattner Architects are at it again, this time with a six-building complex in East New York known as Stanley Commons, which includes five four-story buildings and one seven-story building surrounded by a large courtyard. There will also be a 19,000-square-foot community facility operated by Good Shepherds Services, a social service and youth development organization, and Man Up Inc., a local agency focusing on neighborhood improvement. The City Planning Commission recently approved a controversial rezoning of the neighborhood, part of de Blasio's push to increase affordable housing here, so it makes sense that 191 units are now up for grabs through the city's housing lottery for individuals earning 60 percent of the area media income. This ranges from a $788/month studio to $1,182/month three-bedrooms.
Find out if you qualify here
July 26, 2016

De Blasio Ahead of Schedule on Ambitious Affordable Housing Plan

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It looks like it's been another successful year for Mayor de Blasio's affordable housing goals. When he took office in 2014, he pledged to build or preserve 200,000 such units over 10 years. In a January 2015 speech, he announced that during his first year, the city exceeded its goal by 1,300 apartments, building or preserving a total of 17,300 units. Now, an announcement on Monday from his administration says that the city is ahead of schedule with its goals thus far, financing the creation or preservation of nearly 53,000 affordable apartments. As reported in the Times, "just in the fiscal year ending June 30, more affordable housing units — 23,284 — had been built or preserved than at any time since 1989." In a statement the Mayor said, "This engine is in full gear, financing enough affordable homes for 130,000 people in just two and a half years."
More details this way
Lottery Opens for 13 Affordable Units in Washington Heights, Starting at $868/Month
July 26, 2016

Lottery Opens for 13 Affordable Units in Washington Heights, Starting at $868/Month

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In April 2015, developer Sutton Management applied to utilize the city's 421-a program for a new project at 607 West 161st Street in Washington Heights, just off the New York Presbyterian campus. They received approvals that 13 of the Jeffrey Cole Architects-designed building's 62 units would be reserved for those earning 60 percent or less than the area median income, and today these units have come online through the city's affordable housing lottery. They range from $868/month studios to $1,085 two-bedrooms, and for an additional fee, lottery residents will have access to a fitness center and bicycle room.
Find out if you qualify
Apply for 53 Affordable Units in Historic Harlem, Starting at $494/Month
July 25, 2016

Apply for 53 Affordable Units in Historic Harlem, Starting at $494/Month

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The lottery is open for 53 brand new affordable units at 275 West 140th Street in central Harlem. The building, dubbed Strivers Plaza in reference to its proximity to the nearby historic homes of Striver’s Row, is an eight-story structure designed by affordable housing gurus Aufgang Architects. As previously reported by Yimby, Radson Development was able to build bigger than zoning would normally allow due to the inclusion of the below-market rate units, as well as an 8,000-square foot supermarket in what's considered a "food desert." Available units go from $494/month studios to $2,405/month two-bedrooms for people with a wide range of annual earnings -- 40 to 165 percent of the area median income.
See if you qualify here
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