Affordable Housing

143 chances to live in Downtown Brooklyn from $897/month, lottery open at 33 Bond Street

February 13, 2017

143 chances to live in Downtown Brooklyn from $897/month, lottery open at 33 Bond Street

A new 25-story rental building in booming Downtown Brooklyn is nearing completion at 33 Bond Street, just a block or two away from almost every subway line and a few blocks from BAM. Developer TF Cornerstone paid $70 million for the site, a former parking garage, in early 2014, partnering with Handel Architects on the rather standard, bulky, glassy design. In total, there will be 714 apartments, 143 of which have been set aside as affordable. These below-market rate units are now up for grabs through the city's affordable housing lottery and range from $897/month studios to $1,166/two-bedrooms for households earning 60 percent of the area median income.
Find out if you qualify

Affordable Housing

Proposed East Harlem mixed-use development may contain city’s tallest building with affordable housing

February 9, 2017

Proposed East Harlem mixed-use development may contain city’s tallest building with affordable housing

Looking to take advantage of the newly opened Second Avenue Subway stop at 96th Street, the New York City Educational Construction Fund and AvalonBay Communities are working their way through the city approval process to build a 1.14 million-square foot, full-block, mixed-use development in East Harlem. CityRealty tells us that the project located at 321 East 96th Street would hold two new school buildings for three different local schools, 20,000 square feet of retail space, a rebuilt playground, and a 68-story, 760-foot residential tower that would offer between 1,100 and 1,200 units and possibly become the city's tallest building to contain affordable housing (roughly 330 below-market rate units).
More details and renderings

Massive Sendero Verde project will bring 655 affordable ‘passive house’ rentals to East Harlem

February 7, 2017

Massive Sendero Verde project will bring 655 affordable ‘passive house’ rentals to East Harlem

A massive, mixed-use development is moving ahead in East Harlem, reports Politico, as the city has selected Jonathan Rose Companies to work with L+M Development Partners on the 751,000-square-foot project. Dubbed Sendero Verde ("green pathway"), the site is located on the block bound by East 111th and 112th Streets and Park and Madison Avenues, and it will create 655 affordable passive house apartments, as well as a YMCA, job training center, 85,000-square-foot DREAM charter school, space for the local non-profit Union Settlement, a grocery store, restaurant, and preventative health care facility run by Mount Sinai.
All the details ahead

Five chances to live in burgeoning East Harlem for $985/month

February 7, 2017

Five chances to live in burgeoning East Harlem for $985/month

With the Second Avenue Subway sending Upper East Side real estate prices climbing as far north as 96th Street, East Harlem's upward trajectory is sure to only heat up. The former El Barrio has been on the cusp of gentrification since a 2003, 57-block rezoning that increased density allowances along First, Second, and Third Avenues, spurring a bevy of new residential projects. One such development is 2139 Third Avenue, a modern, 21-unit rental at the corner of 117th Street, which just launched its affordable housing lottery for five $985/month one-bedroom units, available to one- or two-person households earning no more than 60 percent of the area median income.
Have a look at the interiors

Affordable Housing

New Stuyvesant Town lottery opens for middle-income units from $2,805/month

February 6, 2017

New Stuyvesant Town lottery opens for middle-income units from $2,805/month

It's been almost a year since Stuyvesant Town opened a 15,000-name wait list for its affordable apartments, and they've now launched another lottery, this time for households earning between $84,150 and $149,490 annually. The availabilities are spread throughout Stuy Town and Peter Cooper Village and include $2,805/month one-bedrooms and $3,366/month two-bedrooms.
Find out more

Affordable Housing

11 chances to live in the heart of Murray Hill for as low as $833/month

February 3, 2017

11 chances to live in the heart of Murray Hill for as low as $833/month

A little over two years ago, Charles Blaichman’s CB Developers began construction on a 19-story, mixed-use building at 210 East 39th Street. Designed by Rawlings Architects, the Murray Hill building has a ground-floor retail podium, glassy second-story amenity space, and terra cotta rainscreen-clad frame. In all, there will be 57 rental units, 11 of which are set aside for those earning no more than 60 percent of the area media income. These affordable apartments include one $833/month studio, seven $895/month one-bedrooms, and three $1,082/month two-bedrooms.
Find out more about the building and the lottery

Affordable Housing

Mixed-use affordable housing complex in the Bronx will feature Hunts Point Brewery and LightBox film studio

February 2, 2017

Mixed-use affordable housing complex in the Bronx will feature Hunts Point Brewery and LightBox film studio

A few months ago, 6sqft shared the first rendering of the Peninsula, a $300 million mixed-use complex slated to replace the Spofford Juvenile Detention Center in the Hunts Point section of the Bronx. We learned that the five-acre site will hold 740 affordable apartments, open and recreational areas, light industrial space, community facilities like health care providers and artist workspace, and retail/commercial space. In addition to new conceptual renderings from WXY Architecture + Urban Design, the development team has now revealed details on who the borough-based commercial tenants will be, and they include Hunts Point Brewing Company, Il Forno Bakery, and LightBox-NY film studio.
More details and renderings

De Blasio pushes again for ‘mansion tax’ on home sales over $2M

January 30, 2017

De Blasio pushes again for ‘mansion tax’ on home sales over $2M

Mayor De Blasio will renew his call for a "mansion tax" before this state Legislature in Albany today, reports Politico. In support of rent subsidies for 25,000 low-income senior citizens, the mayor has detailed a proposal that will raise the property transfer tax to 2.5 percent for any sale above $2 million. “We are asking for some basic tax fairness from the wealthiest New Yorkers so low-income seniors can afford their rent and continue to call the greatest city in the world their home,” the mayor said in a statement.
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City says Cuomo’s ‘Affordable New York’ plan would cost an extra $820M

January 27, 2017

City says Cuomo’s ‘Affordable New York’ plan would cost an extra $820M

Governor Cuomo recently announced that his revised version of the city's 421-a tax exemption program would officially be moving forward. He said the initiative, dubbed "Affordable New York," would create 2,500 new affordable housing units per year, but a new study from the city's Department of Housing Preservation and Development says this will come at a cost. As Politico reports, Cuomo's changes to the program would cost NYC an additional $820 million over 10 years if approved by the state Legislature, $82 million a year more than Mayor de Blasio's proposed 421-a overhaul in 2015.
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Lottery opens for 40 affordable units across Central Harlem, starting at $822/month

January 27, 2017

Lottery opens for 40 affordable units across Central Harlem, starting at $822/month

Second to the Bronx, Central Harlem has seen perhaps the most new affordable housing opportunities in the city. The latest is a 40-unit lottery spread across four buildings near Jackie Robinson Park--304 West 152nd Street, 232 West 149th Street, 2797 Frederick Douglass Boulevard, and 2472 Adam Clayton Powell, Jr. Boulevard. The units are available to those earning 50 or 60 percent of the area media income and range from $822/month studios to $1,371/month four-bedrooms.
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Affordable Housing

Popular Articles

Live in John Catsimatidis’ curvy Downtown Brooklyn rental tower from $833/month

Rendering of 86 Fleet Place via Goldstein, Hill & West (L); Construction as of October 2016, via CityRealty

January 26, 2017

Live in John Catsimatidis’ curvy Downtown Brooklyn rental tower from $833/month

Way back in 1982, the CEO and owner of Red Apple Group, John Catsimatidis (you may know him better as the billionaire owner of Gristedes or for his failed Republican run in the last mayoral election) paid $500,000 for a 2.5-acre, four-block site in Downtown Brooklyn, on the western edge of Fort Greene. Thirty-five years later, construction is wrapping up on the final, and by far the tallest, of the four-tower development. The curving glass building at 86 Fleet Place was designed by Goldstein, Hill & West and will rise 32 stories/350 feet and house 440 rentals, 29 of which are set aside as affordable and have just come online through the city's affordable housing lottery. They range from $833/month studios to $1,247/month three-bedrooms and are available for those earning 45 to 60 percent of the area media income.
Find out if you qualify here

January 16, 2017

Cuomo dubs revised 421-a plan ‘Affordable New York,’ advances new legislation

A year after the city’s 421-a tax exemption program expired, a new version of the affordable housing incentive is officially moving forward. In August, Governor Cuomo released a new version of the plan that which include wage subsidies for construction workers and extended terms for the tax breaks, and after the Building and Construction Trades Council of Greater New York and the Real Estate Board of New York (REBNY) reached an agreement in November to move ahead with this version, the Governor's office now reports that they'll be advancing new legislation to move ahead the program that's now been re-named "Affordable New York." Cuomo says this will create 2,500 new affordable housing units per year.
All the details this way

Bronx Commons will bring 305 affordable apartments and a new music venue to the South Bronx

January 13, 2017

Bronx Commons will bring 305 affordable apartments and a new music venue to the South Bronx

Not only did the Times recently name the South Bronx one of this year's hottest travel destinations, but the up-and-coming 'hood has become a hotbed for new development. Many of these include affordable housing, which is the case at Bronx Commons, a mixed-use development in the Melrose Commons neighborhood that broke ground this morning. The $160 million project includes 305 all-affordable apartments, retail, and a landscaped public plaza, all of which will be anchored by the Bronx Music Hall, a new 300-seat venue that will serve as an "arts-centered community hub focused on the deeply rooted history of cutting edge Bronx music," according to a press release from developers WHEDco and BFC Partners.
Find out more about the project

Third lottery opens at Pacific Park Brooklyn, apply for 303 affordable units from $532/month

January 13, 2017

Third lottery opens at Pacific Park Brooklyn, apply for 303 affordable units from $532/month

Last spring, the first housing lottery opened at Pacific Park Brooklyn when 181 affordable units at SHoP's 461 Dean Street (the world's tallest modular tower) came online. It was followed a few months later by 298 openings at 535 Carlton Avenue, COOKFOX's entirely affordable building, and now the third set of apartments for low- to middle-income New Yorkers is open. SHoP Architects also designed an all-affordable building at 38 Sixth Avenue, adjacent to the Barclays Center, and as of today these 303 residences are up for grabs, ranging from $532/month studios to $3,695/month three-bedrooms. Households earning between 101 and 165 percent of the area media income (or up to $173,415 annually) are eligible for 198 of the units, while 105 units are set aside for those earning between 30 and 100 percent (as low as $20,126 a year).
More details and the whole qualification breakdown

January 12, 2017

The city added 21,963 affordable housing units in 2016, the most in 27 years

When Mayor de Blasio took office in 2014, he vowed to build or preserve 200,000 units of affordable housing over 10 years, and so far, he's made good on his word, despite the loss of the city's controversial 421-a program. The Times reports that today the Mayor will announce that his administration has added 21,963 affordable units in 2016, the most since 1989. Of these apartments, 6,844 were in newly constructed buildings and roughly 4,400, or 20 percent, were reserved for low-income New Yorkers earning less than $25,000 (much more than the eight percent goal). More than 30 percent were in Manhattan, followed by 29 percent in both the Bronx and Brooklyn.
More details

Live in ODA’s new Crown Heights rental from $845/month, lottery opening for 24 units

January 11, 2017

Live in ODA’s new Crown Heights rental from $845/month, lottery opening for 24 units

It's been over two years since ODA Architects first released a rendering of their rental project at 1040 Dean Street (formerly 608 Franklin Avenue) in Crown Heights. Featuring the firm's signature glassy, boxy aesthetic, the eight-story, 133,582-square-foot project rose on part of the site of the shuttered Nassau Brewery, just a block away from hot-spot food hall Berg'n. Of its 120 units, 20 percent will be reserved for those earning no more than 60 percent of the area media income, and starting tomorrow, qualifying New Yorkers can apply to these affordable units, ranging from $845/month studios to $1,022 two-bedrooms.
Find out more

Affordable Housing

From just $368/month, lottery opens for 107 affordable apartments in Crotona Park East

An early rendering of the project, via CityLand

January 11, 2017

From just $368/month, lottery opens for 107 affordable apartments in Crotona Park East

In April, the affordable housing lottery commenced for 79 units at Building A of the Bronx's Crotona Terrace development in Crotona Park East. Now, 107 additional apartments are up for grabs at Building B, ranging from $368/month studios to $1,740/month three-bedrooms, broken down for those earning no more than 30, 40, 50, 60, or 100 percent of the area media income. This mixed-income setup is similar to other projects in the Crotona Park East neighborhood, which was rezoned nearly six years ago to allow more residential in a historically industrial area to create increased affordable housing.
Find out if you qualify

Affordable Housing

Governor Cuomo announces six investments to advance NYC’s outer boroughs

January 9, 2017

Governor Cuomo announces six investments to advance NYC’s outer boroughs

Continuing his 2017 State of the State proposals, Governor Cuomo made an announcement this morning that the state would invest in six regional projects "to move New York City's outer boroughs forward." In addition to healthcare-related initiatives, these include: up to 3,000 new units of affordable housing in Brooklyn with wellness-focused amenities; permanent toll reductions on the Verrazano-Narrows Bridge for Staten Island residents; $10 million towards the Orchard Beach pavilion redevelopment; and $108 million in financing for the Kingsbridge Armory in the Bronx to be transformed to an ice center.
Get all the details ahead

Lottery opens for 44 affordable senior apartments on Staten Island’s Stapleton waterfront

January 6, 2017

Lottery opens for 44 affordable senior apartments on Staten Island’s Stapleton waterfront

Go-to affordable housing firm Aufgang Architects and developer Arker Companies revealed renderings for a six-story, 67-unit building along Staten Island's Stapleton waterfront back in 2014. The under-construction project at 533 Bay Street, which offers low-income apartments for those 62 years of age and older, is now accepting applications for 44 of its units--three $686/month studios and 41 $737/month one-bedrooms, available to seniors earning up to 50 percent of the area media income. In addition to living in a brand-new building, residents will be in an up-and-coming area, where just a block away the massive rental development Urby is underway (the project boasts NYC’s first residential urban farm, as well as tons of retail space).
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Affordable Housing

Apply for seven affordable units in the Bronx’s Morris Heights area, starting at $1,292/month

January 3, 2017

Apply for seven affordable units in the Bronx’s Morris Heights area, starting at $1,292/month

2016 saw a huge influx of new affordable housing developments and subsequent lotteries in the Bronx, and the new year is kicking off with yet another. As of Thursday, qualifying New Yorkers can apply for seven brand new units at 74 West Tremont Avenue, a small, eight-story building in the borough's easily accessible Morris Heights neighborhood. The availabilities include $1,292/month one-bedrooms and $1,458/month two-bedrooms for those earning 80 percent of the area media income.
All the details

Affordable Housing

Lottery opens for 63 affordable units at former Bushwick convent, starting at $519/month

January 3, 2017

Lottery opens for 63 affordable units at former Bushwick convent, starting at $519/month

All the way back in 2012, the Ridgewood Bushwick Senior Citizens Council and developer Georgica Green announced plans to redevelop Bushwick's former Our Lady of Lourdes convent into affordable and supportive housing, and now, nearly five years later, the lottery has opened for 63 brand new units at the site. The available apartments are reserved for those earning 40, 50, 60, or 80 percent of the area media income and range from $519/month studios to $1,740/month three-bedrooms.
Find out if you qualify

Affordable Housing

42 new affordable condos available at West Harlem’s Parkadon, from $225K

December 22, 2016

42 new affordable condos available at West Harlem’s Parkadon, from $225K

Qualifying New Yorkers can now apply to purchase one of 42 affordable condos in West Harlem's Parkadon Condominiums. Currently under construction, Harlen Housing Associates has been planning the structure located at 70 West 139th Street for nearly a decade and construction finally commenced on the project in 2015. Although move-in day is still a ways off, the building has topped off and the brick facade is currently being applied. Once finished there will be a total of 64 units (the difference pegged as market-rate) across 55,355 square feet, which includes 1,878 square feet of communal space on the ground floor. The NYC Housing Partnership relays that affordable apartments will range from one- to two-bedrooms priced from $225,545 and $440,381 and will be available to those earning between $50,400 and $149,490.
find out if you qualify

Affordable Housing

Photograph by Jeff Liao, courtesy of the Bronx Museum

December 22, 2016

Apply for 59 affordable apartments throughout the South Bronx, starting at $822/month

Starting tomorrow, qualifying New Yorkers can apply for 59 newly renovated, affordable apartments throughout the South Bronx. Spread across six addresses (1171 Clay Avenue, 1183 Clay Avenue, 1202 Clay Avenue, 384 Grand Concourse, 1129 Morrison Avenue and 1038 Rogers Place), the units are all nearby in the Grand Concourse, Soundview, Foxhurst, and Mott Haven neighborhoods. The availabilities are for those earning 100, 60, and 50 percent of the area media income, ranging from $822/month studios to $1,875/month three-bedrooms.
Find out if you qualify

Affordable Housing

Map highlights the correlation between evictions and rent stabilization loss in NYC

December 19, 2016

Map highlights the correlation between evictions and rent stabilization loss in NYC

View the map from ProPublica in its interactive form here >> Last year close to 22,000 tenants across the city were evicted from their homes, an issue that the folks at ProPublica trace to a 1994 City Council vote on "vacancy decontrol," which allowed landlords to evade rent regulation and charge market rate for vacated apartments that cost $2,000 or more a month (it's now $2,500). Not only did this incentive rent hikes, but it's led to a major blow to the city's rent stabilized inventory. To show the correlation between evictions and rent regulation, ProPublica has created this interactive map of the more than 450,000 eviction cases filed between January 2013 and June 2015. It shows the number of evictions in a given building (it's shocking how many have had more than 50 in less than three years) and whether or not that building is rent stabilized.
Find out more on the issue

Affordable Housing

ODA’s Rheingold Brewery rental will offer 100 affordable units in Bushwick

December 14, 2016

ODA’s Rheingold Brewery rental will offer 100 affordable units in Bushwick

The day after securing a $93 construction loan, the Rabsky Group has announced that 100 out of the 500 rentals at their massive Rheingold Brewery development will be below-market rate. As Curbed notes, Bushwick residents have been advocating that the 400,000-square-foot project include affordable housing since it was first announced, spurred not only by the neighborhood's need, but the fact that Rabsky had no legal obligation to include affordable units.
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