Affordable Housing

August 24, 2017

Chinatown’s low-income senior building is taking applications for the first time in 25 years

The 13-story, 88-unit rental building for low-income seniors at 96 Baxter Street in Chinatown has opened its waiting list to new applicants this week for the first time in 25 years (h/t Lo-Down). Only people aged 62 and older (over 18 if they are mobility impaired) can apply. The units rent for 30 percent of one's annual income; studios are available to those earning less than $33,400 a year and one-bedroom to those earning less than $38,200. The waitlist originally contained over 3,000 names, a number which now stands at only a handful. Among the building's current tenants, two are reportedly 108 years old. The youngest residents are about 85.
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August 23, 2017

If you don’t mind sharing a bathroom, live in happening Hell’s Kitchen for $714/month

Just about a year ago, nine $774/month SROs at Stardom Hall at 330 West 51st Street became available through the city's affordable housing lottery. While it was quite the deal--more so for its location on what is arguably Hell's Kitchen's most foodie-friendly block--the units had shared-floor bathrooms and just kitchenettes. But if those aren't deterrents for you, 13 more units at the building next door, 332, are now up for grabs, asking $714/month. They're available to single persons currently residing in Manhattan Community Board 4 and earning 60 percent of the area median income.
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August 22, 2017

90 apartments up for grabs at Extell’s 555Ten in Hudson Yards from $613/month

Applications are currently being accepted for the second phase of affordable apartments at 555 Tenth Avenue and 41st Street in booming Hudson Yards on Manhttan's West Side. Extell Development’s luxurious 610-foot-tall, the mixed-use tower includes 56 stories and spans 725,000 square feet. The amenities seem endless, with residential access to the building’s 24-hour fitness center with a yoga studio, indoor pool, outdoor rooftop pool, outdoor landscaped space, a bowling alley and a putting green. New Yorkers earning 40 and 120 percent of the area median income can apply for units ranging from $613 per month studios to $2,875 three-bedrooms.
Find out if you qualify
August 21, 2017

Loss of affordability at Coney Island’s Trump Village highlights issues with the city’s Mitchell-Lama program

Built by Donald Trump’s father, Fred, in 1964, Trump Village in Coney Island features seven 23-story towers with 3,700 co-op and rental apartments. To pay for the $70 million project, which would total $564 million today, Fred Trump used Mitchell-Lama, a government program that granted financial incentives in exchange for setting aside affordable housing. The typical rental contract lasts 20 years, and after that, landlords can opt-out of the program. As Crain’s reported, Trump Village became one of the first co-ops to exit the Mitchell-Lama program in 2007, letting residents sell their apartments for whatever the market allowed. Owners of 38,000 Mitchell-Lama apartments, representing 28% of the program's housing, have left in the past 20 years. But as the value of these apartments, which were once affordable, keeps rising, New Yorkers looking for affordable housing there, and other former Mitchell-Lama apartments, may be out of luck.
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August 17, 2017

Apply for 43 new affordable units in Highbridge, from $558/month

Applications are now being accepted for 43 newly constructed units at the Excelsior II, an affordable housing building in the Highbridge section of the Bronx. Designed by SLCE Architects, the building at 120-126 West 169th Street rises nine stories and features 60 units. New Yorkers earning 40, 50 and 60 percent of the area median income can apply for units ranging from $558 per month one-bedrooms to a $1,065 per month two-bedrooms.
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August 17, 2017

108 affordable apartments up for grabs in Downtown Brooklyn’s 33 Bond Street, from $613/month

Applications are currently being accepted for the second phase of affordable apartments at 33 Bond Street, a building nestled among the bustling neighborhoods of Downtown Brooklyn, Boerum Hill and Cobble Hill. The 25-story building sits just one or two blocks from all major subway lines and is within walking distance to Fort Greene Park and the Barclays Center. New Yorkers earning 40 and 120 percent of the area median income can apply for units ranging from a $613 per month studio to a $2,519 per month two-bedroom.
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August 16, 2017

Apply for 88 affordable apartments in Downtown Jamaica, from $494/ month

With new residential and commercial developments and transit options, Jamaica, Queens is on the brink of renewal, after many years of neglect. Adding to the area’s revitalization, the construction of a new 14-story affordable housing building was finished last fall. Now, applications are being accepted at the building for 88 affordable apartments at 92-61 165th Street in Jamaica Center, Queens. New Yorkers earning 40 and 60 percent of the area median income can apply for units ranging from a $494 per month studio to a $1182 per month three-bedroom.
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August 15, 2017

Enter the waitlist for middle-income apartments near Lincoln Center from $2,300/month

The waitlist is open for $2,300 per month studios and $2,800 one-bedrooms at 33 West End Avenue on Manhattan’s Upper West Side. The building, near Lincoln Center, Columbus Circle and Central Park, features 24-hour concierge service, a fitness center, a shared lounge and bike storage. The waitlist is accepting applications from New Yorkers who earn between $80,743 and $126,060 annually.
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August 11, 2017

Bjarke Ingels’ VIA offering 36 middle-income affordable apartments, from $1,448 a month

In October of 2015, 6sqft reported that applications were being accepted for the 142 affordable apartments set aside for low-income tenants at the tantalizing tetrahedron that is starchitect Bjarke Ingels' VIA 57 West, a newly-minted rental residence at 625 West 57th Street. Word comes today that the lottery has opened for the middle-income portion of the building's affordable housing inventory. The half-block-long residential development contains 709 units, of which 20 percent have been deemed affordable. Of the 36 middle-income units available, studios have been priced between $1,448-$1,949; $1,554-$2,091 for one-bedrooms; $2,089-$2,519 for two-bedrooms; and $2,902 for three-bedrooms, each adjusted for income.
complete details here
August 9, 2017

NYC jobs that offer free housing – here’s where to find them

You’ve landed a great job in New York City—then the reality of the city’s housing market starts to sink in. It’s a situation that thousands of new city residents face every year. New York City’s cost of living, which continues to outpace most other cities across North America, can make a move to the city seem difficult and even impossible. In fact, even highly compensated professionals often balk at the idea of relocating due to the fact that it typically means radically adjusting one’s established standard of living. After all, most adults assume it is normal to have more than one closet and expect their kitchen to be large enough to accommodate more than one person at a time. This is why at least some local employers throw in the most coveted perk of all—free or at least steeply discounted housing.
find out where these jobs are
August 9, 2017

New renderings of East Harlem’s Sendero Verde, the country’s will-be largest passive house project

Despite Mayor de Blasio's success meeting his affordable housing goals, East Harlem has fallen behind. As 6sqft recently reported, out of the 21,963 new units added in 2016,  just 249 were built in East Harlem, prompting the city to expedite the construction of 2,400 affordable units there over the next few years. A large chunk of this will come from Sendero Verde, a massive, mixed-use development that will bring 655 affordable rentals to the block bound by East 111th and 112th Streets and Park and Madison Avenues. Back in February, Jonathan Rose Companies and L+M Development Partners released a rendering from Handel Architects of the 751,000-square-foot project, but now CityRealty has uncovered an entire batch of drawings from the firm that detail how it will be the country's largest passive house project and weave together the residences, a school, supermarket, and four community gardens, all surrounding a multi-layered courtyard.
More looks and details ahead
August 4, 2017

Eight affordable units up for grabs in trendy South Williamsburg, two-bedrooms from $1,440

Starting August 7, qualifying applicants can begin applying for eight newly renovated units at 383 Hewes Street, a six-story, 23-unit brick residence constructed in 1927. The building is located in South Williamsburg along a quiet residential block, which like the rest of the neighborhood, is seeing an increasing number of new developments appear. 383 was recently redeveloped via Los Sures, a community-based, non-profit focused on rehabilitating the south side of Williamsburg for low-income families and individuals. Of the available affordable units, two- and three-bedrooms will be priced between $1,440-$2,198 and $1,664-$2,538 respectively, adjusted for household income.
Find out if you qualify
August 3, 2017

Apply for 64 affordable units in new Brownsville supportive housing building, from $670/month

Construction began in 2015 for the Stone House at 91 Junius Street, a six-story, 161-unit building on the border of Brownsville and East New York. The supportive housing initiative comes via nonprofit Win, the largest provider of shelter for homeless families in New York City, who run two shelters just to the north of this site, according to CityRealty. The Stone House will reserve 96 units for homeless families and 64 for low-income households earning 50 or 60 percent of the area media income. The latter group has now become available through the city's affordable housing lottery, with apartments ranging from $670/month studios to $1,224 three-bedrooms, all of which have access to the building's offerings such as ground-floor retail, on-site laundry, a community room, outdoor playground, and on-site social services.
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July 28, 2017

133 affordable units up for grabs near Yankee Stadium, from $548/month

Applications are currently being accepted for 133 newly constructed, affordable units at 810 River Avenue in the Bronx, across from the old Yankee Stadium and just steps away from the team’s new playing field. The building includes approximately 26,000 square-feet of commercial and community facility space and a 61-space garage. Designed by SLCE Architects, the 17-story steel and plank tower features high-performance windows, Energy Star dishwashers, laundry rooms and hardwood floors. New Yorkers earning 40, 60, 90 and 130 percent of the area median income can apply for available units ranging from a $538 per month studio to $2,113 per month three-bedroom.
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July 17, 2017

Live in a studio across from the Brooklyn Navy Yard for $947/month

The Navy Green R3 in Fort Greene includes townhouses and condominiums located directly across the street from the bustling Brooklyn Navy Yard. New Yorkers earning between $34,355 and $40,080 annually can apply to enter the waitlist for $947/month studios in the complex's 45 Clermont Avenue. The eight-story building includes spacious units with high-end finishes, as well as amenities like a community room, bike storage, and large outdoor space.
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July 14, 2017

The city added 24,293 affordable housing units this fiscal year, the most since 1989

Image via Pixbay After more than three years into Mayor de Blasio’s $41 billion, 10-year affordable housing initiative, the city announced on Thursday that 24,293 affordable apartments and homes were secured in Fiscal Year 2017. Out of those units, 40 percent were for families earning less than $43,000 a year, with more than 4,014 homes for families of three earning less than $26,000 a year. According to city officials, the mayor’s Housing New York initiative aims to help an estimated half of a million people afford to live in New York City. Despite these promising numbers, the plan still fails New Yorkers with extremely low-income, by making their affordability benchmarks too high.
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July 14, 2017

Lottery opens for 26 affordable units in the South Bronx’s new supportive housing building

A year and a half ago, the nonprofit Unique People Services broke ground on Lynn's Place, an affordable and supportive housing project in the South Bronx.The $25 million+ project was financed by the city and various organizations and will feature community space on the ground floor, a sunken courtyard, a landscaped back yard, and a seventh-floor green roof, in addition to on-site support services. Of its 69 units, 42 are set aside for individuals with a mental illness or those who were formerly homeless. The remaining apartments are reserved for those earning 50 or 60 percent of the area median income. Ranging from $710/month studios to $1,107/month two-bedrooms, they've come online through the city's affordable housing lottery as of today.
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July 13, 2017

Live around the corner from Harlem’s new Whole Foods for $1,015/ month

Image via Whole Foods' Facebook New Yorkers earning 50 percent of the area median income can apply for two affordable one-bedroom apartments for $1,015 per month at 40 West 126th Street. The Central Harlem multi-family building was renovated in 2013 and is just steps away from the 2 and 3 train lines, an abundance of restaurants and bars like the Red Rooster and Sylvia's, the Studio Museum in Harlem, both the Apollo Theater and National Black Theatre, and the city's latest Whole Foods that's set to open next week.
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July 12, 2017

Apply for 22 affordable units in East Harlem’s HAP Ten, from $913/month

The HAP Ten building at 2211 Third Avenue and 121st Street in East Harlem was created by HAP Investment Developers and designed by Karl Fischer Architects, who employed a gray brick facade with metal panels and several rows of glass balconies. Starting tomorrow, New Yorkers earning 60 percent of the area median income can apply for 22 affordable apartments in the 108-unit building, ranging from $913/month studios to $1,183/month two-bedrooms. Amenities include a concierge, fitness center, rooftop terrace, parking, outdoor entertainment space, and bike room.
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July 10, 2017

Two chances to live in hip Bed-Stuy from $947/month

Qualifying New Yorkers earning 60 percent of the area median income can apply for an affordable one-bedroom for $947/month or a two-bedroom for $1072/month at 452 Lafayette Avenue in Bedford-Stuy. Located at the intersection of Lafayette and Franklin Avenues, this apartment building sits near the Pratt Institute as well as plenty of shops, bars, and restaurants. Amenities include a roof terrace and laundry room, along with being just steps away from the G train.
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July 7, 2017

Live in Williamsburg’s trendiest corner starting at $722/month

Image via Smoragasburg Walk a block to sunbathe in McCarren Park; two blocks to play a game at Brooklyn Bowl; three blocks to schmooze at the trendy hotel trifecta of the Wythe, Williamsburg Hotel, and William Vale; and four blocks to hit up Smorgasburg at East River State Park. Normally a location like this would cost you a pretty penny, but as of today, New Yorkers earning 60 percent of the area median income can apply for 10 affordable units at 174 North 11th Street. The apartments range from $722/month studios to $900/month two-bedrooms, and building amenities include a common roof terrace, fitness center, parking, bike storage, and a coin-operated laundry room.
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July 6, 2017

Two chances to live in prime Bed-Stuy for $1,114/month

Starting today, New Yorkers earning 60 percent of the area median income can apply for two, $1,114/month two-bedroom apartments at 183 Tompkins Avenue in Bed-Stuy, quite the deal considering market-rate two-bedrooms are renting for $2,600. The new six-story building has just 10 units total and is a five-minute walk from the Myrtle- Willoughby G train and 10 minutes from the Myrtle Ave J, M, and Z. Apartments have large windows, high ceilings, wood floors, and kitchens with dishwashers and stainless steel appliances, and the building offers some private balconies, a rooftop, and a virtual doorman.
The full details
July 5, 2017

MAP: Where to find NYC’s HDFC apartments, affordable co-ops for low- and middle-income buyers

When it comes to affordable housing, the city's offerings primarily focus on rentals, but the little-known pool of HDFC units (Housing Development Fund Corporation) provide low- and middle-income New Yorkers a chance to own a slice of NYC real estate below market rate. The program was created several decades ago so that tenants in poorly managed buildings could take control of their property and form cooperatives. At this time, they were selling for a mere $250 each, and though today's prices range from $500,000 two-bedrooms to $1.8 million three-bedrooms depending on the neighborhood, the deals are still out there based on qualifying incomes. And to make the HDFC hunt a bit easier, CityRealty has put these current listings into a handy interactive map.
Explore the full map here
July 3, 2017

Affordable housing lottery opens for 14 East Williamsburg units, starting at $589/month

Back in early 2016, 6sqft shared a new housing lottery for three Williamsburg buildings, one of which was 37 Ten Eyck Street in East Williamsburg between Union Avenue and Lorimer Street. The vacant lots were purchased in 2014, along with a fourth site at 33 Ten Eyck Street, by the Housing Development Corporation to build 100 percent affordable buildings. That final building is now complete and its 14 units are available to those earning 40 or 60 percent of the area media income. They range from $589/month one-bedrooms to $1,121/month two-bedrooms, and the building offers an elevator, outdoor area, intercom system, bicycle storage, and laundry facilities.
All the details here
July 3, 2017

62 affordable units up for grabs in Fordham Heights, from $882/month

Applications are currently being accepted for 62 newly constructed, affordable units at 2264 Morris Avenue in the Fordham Heights neighborhood of the Bronx. The building provides ecologically viable features, including rooms with abundant natural light, high-tech water, heating and cooling systems and spacious outdoor space. New Yorkers earning 60 and 100 percent of the area median income can apply for available units ranging from $822/month one-bedrooms to $1,740/month three bedrooms.
Find out if you qualify