Affordable Housing

City to develop 2,400 new affordable housing units in East Harlem
May 3, 2017

City to develop 2,400 new affordable housing units in East Harlem

By
Mayor de Blasio and his administration have made progress in meeting their goal of building 200,000 affordable units over the span of a decade, as 21,963 new units were added in 2016, the most in 27 years. However, there continues to be a shortage in East Harlem. Out of the nearly 20,000 affordable units, the city brought to all five boroughs, just 249 units have been built in East Harlem, according to a new report by the Department of Housing and Preservation Development (HPD). To better accommodate these residents, the city plans on expediting the construction of 2,400 units of affordable housing over the next few years, as DNA Info reported.
Find out more
Apply for 50 affordable units in the Bronx’s Mt. Eden, from $558/month
May 2, 2017

Apply for 50 affordable units in the Bronx’s Mt. Eden, from $558/month

By
Located in the Mount Eden neighborhood of the South Bronx, this affordable housing building at 1561 Walton Avenue sits just off the Grand Concourse and a block south of the Cross-Bronx Expressway. The 11-story residence contains 60 units total and includes an on-site manager, rear patio, laundry, and storage space for bikes, as well as on-site college application assistance and work-readiness training. Applications are currently being accepted for 50 of the units, ranging from $558/month one-bedrooms to $1,740/month three-bedrooms for those earning 40, 50, 60, or 80 percent of the area median income.
Find out if you qualify
Live around the corner from Penn Station for $833/month

Rendering via GHWA (L); Construction topped off as of September 2016 via CityRealty (R)

May 2, 2017

Live around the corner from Penn Station for $833/month

By
That might not sound like the most enticing location, but with Chelsea's galleries nearby, Nomad's booming restaurant and fitness scene just a five- or 10-minute walk away, and Hudson Yards shaping up to the northwest, this newly constructed building at 221 West 29th Street might have more to offer than you'd think. And as of tomorrow, those earning 60 percent of the area median income can apply for 19 units here through the city's affordable housing lottery, ranging from $833/month studios to $1,082/month two-bedrooms.
Find out if you qualify
April 28, 2017

Nearly 900 affordable housing apartments are currently empty

By
An investigation by Public Advocate Letitia James’ office found that nearly 40 percent, or 884, of the 2,322 apartments in the Tenant Interim Lease (TIL) program sit unoccupied. After hearing multiple complaints from constituents at town halls, the public advocate’s office launched a full review of the program and discovered it does not meet its goal of providing New Yorkers with self-sufficient, low-income rentals (h/t NY Post). Even more shocking, at one TIL building on 615 West 150th Street, tenants had to move out in 1996 for what was supposed to be a two-year renovation. Per a policy briefing by the public advocate, they still have not been able to return to the units, and their possessions are locked up without access.
Find out more
Waitlist reopens for affordable apartments at two rentals near Lincoln Center, from $613/month

One Columbus Place via Brodsky

April 28, 2017

Waitlist reopens for affordable apartments at two rentals near Lincoln Center, from $613/month

By
One Columbus Place via Brodsky Qualifying New Yorkers aching to be in the thick of the city's performing arts scene now have an opportunity to join the waitlist for two Midtown West rental towers: One Columbus Place and 55-75 West End Avenue. The NYCHDC is currently accepting applications for studio and one-bedrooms priced at $613 and $659, respectively. The towers, both developed by the Brodsky Organization in the mid-90s, boast not only a fantastic location close to Columbus Circle, Central Park, and Lincoln Center, but also come with great perks like roof decks, swimming pools, laundry facilities, gyms, and concierge and doorman service.
find out if you qualify
April 26, 2017

Apply for eight affordable units in the Bronx’s Crotona Park East, from $1,348/month

By
Adding to the development boom in the South Bronx, eight newly constructed units are available to rent at 1417 Longfellow Avenue. Located in the Crotona Park East neighborhood, which was rezoned six years ago to allow more residential buildings in the former industrial area, the building contains 38 apartments that each are about 636-square units. New Yorkers who qualify can apply for four $1,348 one-bedrooms and four $1,521 two-bedrooms.
Find out if you qualify
Score an affordable apartment near Yankee Stadium from $963/month
April 25, 2017

Score an affordable apartment near Yankee Stadium from $963/month

By
Located just a few blocks from Yankee Stadium, this affordable housing project with a beautiful shared courtyard is truly unique, as it was developed on one of the last vacant city-owned lots. Applications are now being accepted for one- and two-bedroom rentals at 12 East Clarke Place and 27 East 169 Street in the Highbridge section of the Bronx, including $963/month one-bedrooms and $1,166/month two-bedrooms. 
Find out if you qualify
7 chances to buy an affordable condo in the West Village’s posh 100 Barrow Street, from $90K

Photo via Field Condition

April 24, 2017

7 chances to buy an affordable condo in the West Village’s posh 100 Barrow Street, from $90K

By
Beginning today, qualifying New Yorkers can apply to buy seven affordable condominiums at 100 Barrow Street in the West Village. The luxury residential building, developed by Toll Brothers City Living and designed by Barry Rice Architects, has 26 units total and sits at the corner of Barrow and Greenwich Streets. Market-rate apartments start at $4 million, but those available through the lottery range from a $90,000 studio to $170,000 two-bedrooms for individuals earning no more than 125 percent of the area median income.
Find out if you qualify
Affordable housing lotteries fail low-income residents and favor middle-income earners, says new report
April 20, 2017

Affordable housing lotteries fail low-income residents and favor middle-income earners, says new report

By
In every state and major city in the country, extremely low-income renters face a shortage of affordable housing. Although low-income applicants in New York City display a higher need for affordable housing, policies created by Mayor de Blasio and his administration continue to set aside more units for middle-income applicants. In a detailed report, City Limits analyzed affordable housing in Brooklyn and compared the need for affordable housing to the actual number of allotted low-income and middle-income units. For just one building, the tower at 535 Carlton, nearly 95,000 households entered the lottery for its “100 percent affordable” units. However, only 2,203 applicants were eligible for the 148 middle-income units, and over 67,000 households applied for the 90 low-income units. The data shows low-income households in search of affordable housing face much tougher odds than middle-income applicants.
Find out more
Enter the waitlist for $2,611/month middle-income apartments at creative Greenpoint rental Eleven33
April 20, 2017

Enter the waitlist for $2,611/month middle-income apartments at creative Greenpoint rental Eleven33

By
The waitlist is open for $2,611/month two-bedroom apartments at Greenpoint's super-trendy rental Eleven33, which goes out of its way to check all the boxes in terms of "Brooklyn living" -- from a cyber café with an espresso bar to a landscaped rooftop terrace to a fitness center complete with CrossFit equipment. The affordable housing lottery is open to middle-income households of two, three, and four people earning between $106,080 and $158,550 annually.
Find out if you qualify here
10 chances to live in hip East Williamsburg from $833/month
April 19, 2017

10 chances to live in hip East Williamsburg from $833/month

By
This rental building at 66 Ainslie Street may look like your quintessential warehouse conversion, but it was actually built from the ground up last year, designed by Aufgang Architects to blend in with East Williamsburg's trendy industrial vibe. Of its 50 apartments, 10 are reserved for those earning 60 percent of the area median income. These units include two $833/month studios and eight $895/month one-bedrooms and, as of tomorrow, are up for grabs through the city's affordable housing lottery.
Find out if you qualify
Apply for an affordable apartment at Chelsea Centro, two-bedrooms priced at $1,574/month
April 18, 2017

Apply for an affordable apartment at Chelsea Centro, two-bedrooms priced at $1,574/month

By
TF Cornerstone is once again accepting applications for affordable studio, one- and two-bedroom units at their very well located Chelsea Centro rental at 200-220 West 26th Street. The full-time doorman building was erected in 2001 and boasts an 80/20 mix of low-income and market-rate units. As noted by the NYC Department of Housing Preservation and Development, TF will be accepting applications from qualifying individuals and families until all the building's affordable vacancies have been filled and its waiting list replenished. The current units up for grabs range from $1,215 per month for a studio up to $1,574 per month for a comfortable two-bedroom spread.
find out if you qualify here
Apply for 20 affordable units near the Queensboro Bridge, starting at $1,254/month
April 17, 2017

Apply for 20 affordable units near the Queensboro Bridge, starting at $1,254/month

By
The price is right, but the location may not be the most desirable for this new affordable housing building, as it's situated directly alongside the off-ramp to the Queensboro Bridge. Traffic views aside (we're hoping they installed sound-proof windows), these 20 apartments at 321 East 60th Street include $1,254/month one-bedrooms and $1,511/month two-bedrooms for those earning 80 percent of the area median income.
More on the project here
Affordable housing lottery for seniors opens at Essex Crossing, from $396/month
April 17, 2017

Affordable housing lottery for seniors opens at Essex Crossing, from $396/month

By
At the beginning of last month, the first affordable housing lottery opened for Essex Crossing at Beyer Blinder Belle's huge mixed-use building 145 Clinton Street, where 104 below-market rate units were up for grabs. As of today, the second lottery is open, this time at Dattner Architects' 175 Delancey Street, a 14-story, 100-unit building at the megadevelopment's site 6 that will also offer ground-floor retail, medical offices for NYU Langone, and a senior center and job training facility from the Grand Street Settlement. These 99 one-bedroom apartments are set aside for one- and two-person households that have at least one resident who is 55 years of age or older. They're also earmarked for those earning 0, 30, 40, 60, and 90 percent of the area median income and range from $396/month to $1,254/month.
Find out if you qualify
April 14, 2017

Apply for 16 affordable units in the Tremont section of the Bronx, from $716/ month

By
As of today, qualifying New Yorkers can apply for 16 newly renovated, affordable apartments in the Tremont section of the Bronx. The units at 565 East 178th Street and 2089-91 Arthur Avenue--which are right near Tremont Park and just a short walk to the Bronx Park and Zoo--are available to those earning 50 to 60 percent of the area median income, ranging from $716/month studios to $1,292/month three-bedrooms.
Find out more
April 12, 2017

Astoria, Morningside Heights and Bay Ridge have highest turnover of rent-stabilized apartments

By
Scoring a rent-stabilized apartment is a big win in New York City, as these regulated pads usually offer rent at below-market rates and provide tenants more protections against landlords. While more than 925,000 rent-stabilized apartments still exist in the city, these units turn over at a faster rate in certain neighborhoods than others, and their availability continues to dwindle (h/t WYNC). According to a new report by the city’s Independent Budget Office (IBO), the neighborhoods of Astoria, Morningside Heights and Bay Ridge all have high concentrations of rent-regulated housing built prior to 1974 and therefore, higher rates of turnover compared to other parts of the city.
Find out more
Lotto opens for Bushwick church conversion, 20 units available from $822/month
April 10, 2017

Lotto opens for Bushwick church conversion, 20 units available from $822/month

By
It's been two years since Cayuga Capital's "horizontal addition" to the former St. Mark’s Lutheran School and Evangelical Church in Bushwick topped out, and now the 20 affordable apartments at the site are up for grabs through the city's housing lottery. The new, seven-story structure, along with the preserved 1890 Victorian Gothic church, and four-story former school building in between, will offer 99 rentals in total and have been dubbed The Saint Marks. The below-market rate units range from an $822/month studio to $1,071/month two-bedrooms, available to individuals earning 60 percent of the area median income.
Find out if you qualify
Kwong Von Glinow’s new prototype for affordable housing can be stacked to fit any lot size
April 7, 2017

Kwong Von Glinow’s new prototype for affordable housing can be stacked to fit any lot size

By
The first place winners of the New York Affordable Housing Challenge, an architectural competition run by Bee Breeders, have been announced. Kwong Von Glinow Design Office received first prize for their entry “The Table Top,” a modular system that aggregates and stacks to provide density and diversity in a city as varied as New York. Designed as a prototype for affordable housing in New York City, the flexible system could accommodate the city's wide range of lot sizes and is adaptable to a variety of unit combinations for diverse types of residents. With an affordable housing crisis abetting an increasingly socially divided city with the majority of its residents spending over half of their annual income on rent, the project speaks to Mayor de Blasio’s emphasis on the dire need to create more affordable housing at both new and redeveloped existing sites.
Find out more about this flexible, scalable design for living
Habitat for Humanity will build 48 affordable homes for New Yorkers
April 5, 2017

Habitat for Humanity will build 48 affordable homes for New Yorkers

By
In New York City, and the rest of the country, it's becoming increasingly difficult to find affordable housing. To combat this, the Habitat for Humanity NYC announced a plan to build affordable houses for buyers in Brooklyn and Queens. The organization, aimed at constructing quality housing for families in need, will bring 48 units of affordable homes to these boroughs by redeveloping abandoned or foreclosed properties. Since most of these homes have been left vacant for decades, many are run-down and have negatively impacted the surrounding neighborhoods. As Brick Underground learned, the city’s Housing Authority first acquired these properties and then sold them to Habitat for Humanity at $1 each.
Find out more
Massive high-rise complex with 900 apartments, retail, offices and schools coming to Downtown Brooklyn

View south down Flatbush Avenue

April 4, 2017

Massive high-rise complex with 900 apartments, retail, offices and schools coming to Downtown Brooklyn

By
Alloy Development announced plans to build a pair of towers at 80 Flatbush Avenue, a 61,000-square-foot parcel of land between Flatbush Avenue, Schermerhorn Street, Third Avenue and State Street. The developer–who, with the Department of Education, owns the land–has been selected by the city’s Educational Construction Fund to build the mixed-use complex as part of the redevelopment of the Khalil Gibran International Academy, which will move into one of the two new school buildings that will be part of the project. The second of the two will be a 350-seat elementary school. The project will also offer 900 apartments (200 of which will be affordable), a 15,000-square-foot cultural facility, 200,000 square feet of office space and 40,000 square feet of retail space.
Find out more about what's coming to the neighborhood
Queens Astoria Cove waterfront site on the market for $350 million ahead of expected 421-a renewal

Image courtesy of STUDIO V Architecture

April 3, 2017

Queens Astoria Cove waterfront site on the market for $350 million ahead of expected 421-a renewal

By
A 2.2 million-square-foot mixed-use development site known as Astoria Cove, on nearly nine acres along the East River in Astoria, is seeking a buyer, asking $350 million, Crain's reports. The site hit the market in mid-March in anticipation of the reinstatement of the 421-a affordable housing tax credit program that had languished since its expiration over a year ago amid debates between the Real Estate Board of New York (REBNY) and unions on whether to require higher wages in certain cases. Alma Realty Corp. hired Cushman & Wakefield investment company to market the site; according to sales executive Bob Knakal, "We wouldn't have hit the market with Astoria Cove in the past 16 months because of the uncertainty around 421-a, but there's been a sense of optimism in recent weeks that 421-a will be back and with it, the land market will strengthen."
Find out more
Eight chances to live in a new East Williamsburg building, from $985/month
March 27, 2017

Eight chances to live in a new East Williamsburg building, from $985/month

By
A state-of-the-art fitness center, yoga room, roof deck with cabanas, designer interiors, and a prime East Williamsburg location just a few blocks from the G, M, J, and L trains--this is all up for grabs for eight qualifying New Yorkers at 73 Montrose Avenue through the city's affordable housing lottery as of today. Those earning 60 percent of the area media income can apply for $985/month one-bedrooms and $1,114/month two-bedrooms.
READ MORE
432 Park would have generated $30M for affordable housing with de Blasio’s mansion tax
March 24, 2017

432 Park would have generated $30M for affordable housing with de Blasio’s mansion tax

By
Outside of 432 Park Avenue, Mayor de Blasio held a press conference on Thursday to discuss his mansion tax. The proposal calls for a 2.5 percent surcharge on sales of city homes valued at $2 million or more, which would in turn fund affordable housing for 25,000 senior citizens. De Blasio fittingly positioned himself outside 432 Park because, according to the city, if the proposed tax had been passed, this residence alone would have generated $30.2 million since 2015 in support of housing for low-income seniors. "And that would have been based--and this is stunning to me--on the sale of just 62 condominiums. But it would have meant enough money to subsidize affordable housing for 2,000 seniors," he said.
Find out more here
New renderings revealed for NYCHA’s raised earth Red Hook Houses by KPF
March 24, 2017

New renderings revealed for NYCHA’s raised earth Red Hook Houses by KPF

By
When Superstorm Sandy hit the community of Red Hook, thousands of residents were left without power and basic necessities for over two weeks. The neighborhood’s infrastructure suffered substantial damage, with almost all basement mechanical rooms destroyed. In an effort to rebuild Brooklyn’s largest housing development, Red Hook Houses, post-Sandy, the New York City Housing Authority (NYCHA) commissioned a project by architecture firm Kohn Pederson Fox (KPF). Their “Lily Pad” design includes installing 14 “utility pods” that deliver heat and electricity to each building, as well as creating raised earth mounds to act as a flood barrier (h/t Archpaper).
Find out more here
Apply for 25 units at new affordable/supportive housing project in Brownsville, from $876/month
March 24, 2017

Apply for 25 units at new affordable/supportive housing project in Brownsville, from $876/month

By
The Van Dyke Houses in Brownsville are a huge NYCHA compex, consisting of 24 buildings. Recently, a $56 million public/private investment went towards constructing the first new development here in decades, a 100-unit supportive and affordable housing building designed by Dattner Architects for a vacant parking lot on the site. Of these apartments, 45 will be leased to NYCHA tenants through a site-based waiting list, 30 to formerly homeless families, and 25 to those earning 60 percent of the area median income. This last group is now available through the city's housing lottery for $876/month one-bedrooms and $1,058/month two-bedrooms.
Find out if you qualify here
Pitch a story icon

Pitch a Story

We love to hear from you!

"*" indicates required fields

Interested in seeing the property in person?

It’s free, with no obligation.

CityRealty Logo

"*" indicates required fields

or Call (212) 755-5544

Interested in seeing the property in person?

It’s free, with no obligation.

CityRealty Logo

Distinctive Post Form

"*" indicates required fields

or Call (212) 755-5544
Contact us image

Get in Touch

We love to hear from you!

"*" indicates required fields

Send us a tip image
Delivering New York stories focused on design, lifestyle & real estate.

Send us a Tip

We love to hear from you!

"*" indicates required fields

Interesting in learning more about purchasing a new home?

Let us know what you are looking for and we’ll help you find the home of your dreams. It’s free, with no obligation.

CityRealty Logo
or Call (212) 755-5544

Thinking about selling your home?

We’ll provide current market comps and connect you with a trusted expert.

CityRealty Logo

Sell a Home (Footer)

"*" indicates required fields

or Call (212) 755-5544

Before You Move On
from this Page.

Subscribe for NYC's Lastest Design, Lifestyle,
and Real Estate Trends!

No Worries. We Don’t Spam.

By providing your email address, you agree to our Terms of Use and Privacy Policy.
You can unsubscribe at any time.

Your Passport to NYC:
Subscribe for Local Insights and Stories!

No Worries. We Don’t Spam.

By providing your email address, you agree to our Terms of Use and Privacy Policy.
You can unsubscribe at any time.