Affordable Housing

August 9, 2016

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

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?

August 9, 2016

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

By Dana Schulz

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

Affordable Housing

August 8, 2016

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

By Dana Schulz

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

Affordable Housing

August 8, 2016

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

By Dana Schulz

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

Affordable Housing

August 3, 2016

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

By Dana Schulz

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

Affordable Housing

August 3, 2016

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

By Dana Schulz

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

Affordable Housing

August 2, 2016

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

By Dana Schulz

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

Affordable Housing

August 2, 2016

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

By Dana Schulz

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

August 1, 2016

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

By Michelle Cohen

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?

July 29, 2016

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

By Dana Schulz

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

Affordable Housing

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

By Dana Schulz

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

Affordable Housing

July 27, 2016

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

By Dana Schulz

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

Affordable Housing

July 26, 2016

De Blasio Ahead of Schedule on Ambitious Affordable Housing Plan

By Dana Schulz

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

July 26, 2016

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

By Dana Schulz

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

Affordable Housing

July 25, 2016

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

By Dana Schulz

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

Affordable Housing

July 25, 2016

Lottery Launches for 76 Affordable Units at 300 Ashland Place, From $889/Month

By Ondel Hylton

It's been 14 years since Enrique Norten's ship-like design was chosen to sail upon a triangular site in an ambitious arts district planned for the area around the Brooklyn Academy of Music. Initially proposed as an eight-story glass building to house the Brooklyn Library for the Visual and Performing Arts, the project was altered to a mixed-use high-rise when Two Trees Management was brought onboard during the economic downturn in 2008. Now officially known as 300 Ashland Place, the slab-shaped tower is a silvery 32-story icon that architecture critic Carter Horsley praises as a "gleaming, but mysterious steed" in the emerging Downtown Brooklyn skyline. It will house a smattering of public uses in addition to 379 apartments above. Earlier this July, leasing began on the 300 market-rate apartments that go for roughly $2,850/month for studios, $3,600/month for one-bedrooms and $5,750/month for two-bedrooms. And now, a housing lottery has launched for the 76 affordable units that include $889/month studios, $949/month one-bedrooms, and $1,087/month two-bedrooms.
Find out here if you qualify

Starting Today, 20 Affordable Units Up For Grabs Throughout the Bronx

100 West 174th Street in University Heights (L); Locations of all three buildings (R)

July 18, 2016

Starting Today, 20 Affordable Units Up For Grabs Throughout the Bronx

By Dana Schulz

Beginning today, New Yorkers earning 60 percent of the AMI can apply for 20 brand new, affordable units in University Heights (at 100 West 174th Street and 1636-1640 University Avenue) and the East Bronx (at 1167 Stratford Avenue). The apartments are one-bedrooms for $980/month, two-bedrooms for $1,183/month, and three-bedrooms for $1,359/month. The buildings have on-site supers, and units feature energy efficient appliances, sleek modern kitchens and baths, and hardwood floors.
Find out if you qualify

Affordable Housing

July 15, 2016

Waitlist Opens For Studios at Upper West Side’s Trinity House, Starting at $432/Month

By Dana Schulz

Trinity House is a 199-unit rental building at 100 West 92nd Street on the Upper West Side, just a block away from Central Park. It was built in 1968 by the Trinity School, which occupies the first three floors, as a Mitchell-Lama development. As 6sqft previously explained, this affordable housing program "was created in 1955 to provide affordable rental and cooperative housing to moderate- and middle-income families. These buildings are privately owned, but are under contract with New York state to keep prices affordable. Owners of these buildings receive tax abatements and low-interest mortgages." Back in 2013, Trinity House made headlines when the school received approvals from the city for a rent hike of up to 13 percent, more than three times the standard increase for rent-stabilized units that year. However, units have still remained affordable, and a 750-name waitlist has just opened for studio apartments that range from $432 to $503 a month for one- and two-person households earning between $17,263 and $90,625 a year.
Find out more this way

Affordable Housing

July 14, 2016

Lottery Opens Tomorrow for 300 Affordable Rentals at Pacific Park Brooklyn

By Dana Schulz

It's been almost two years since architects COOKFOX were selected by developer Greenland Forest City Partners to design two residential buildings at their Pacific Park Brooklyn project, the 22-acre site anchored by the Barclays Center and containing eight million square feet of mixed-use development. COOKFOX took the helm for 550 Vanderbilt Avenue, a 275-unit condo, and 535 Carlton Avenue, a 298-unit affordable rental. A housing lottery for the latter will open tomorrow, according to a press release, offering low, moderate and middle-income residents the chance to apply for apartments ranging from $548/month studios to $3,716/month three-bedrooms.
Find out if you qualify

July 12, 2016

151 Affordable Apartments Up For Grabs Near Yankee Stadium, Starting at $532/Month

By Dana Schulz

In the Melrose section of the Bronx, just a few short blocks from Yankee Stadium, 151 newly constructed apartments are up for grabs through the city's affordable housing lottery. Located at 3160 Park Avenue, the 12-story building from Trinity Park Avenue Development and Newman Design offers both low- and moderate-income units. As Welcome2TheBronx previously reported, 20 percent of the apartments are reserved for those making 40 percent of the area median income, while the remainder are for those earning 60-80 percent of the AMI. This ranges from $532/month one-bedrooms to $1,683/month three-bedrooms.
Find out if you qualify

Affordable Housing

July 11, 2016

Lottery Opens for 110 Affordable Units at Former Site of Kings County Hospital Psych Ward

By Dana Schulz

Several years ago, plans were revealed for CAMBA Gardens, an affordable housing complex set to rise on the campus of the Kings County Hospital, located on the border of Crown Heights and East Flatbush. The buildings were constructed by the city's Supportive Housing Loan Program in conjunction with non-profit CAMBA, which provides employment, education, health, legal, social, business development, and youth services to New Yorkers. CAMBA Gardens I opened in the fall of 2013 with 209 residences spread across two buildings. Now, a lottery for CAMBA Gardens Phase II has just come online and is offering 110 newly constructed units in the LEED Gold building for individuals earning 60 percent of the AMI. These range from $822/month studios to $1,228/month three-bedrooms for households earning between $29,692 and $63,060 annually.
Find out more

Affordable Housing

July 8, 2016

Apply For Affordable Condos at Harlem’s Circa Central Park, Starting at $225,000

By Dejah Mcgibbon

Circa Central Park, Harlem’s most anticipated condominium project is currently is offering ten lucky households a chance to buy an affordable new unit within the high-end, curving building. Crescent 110 Equities is spearheading the lottery program, and occupancy of the development is set to begin in 2017. The available apartments range from $225, 294 studios to $381,105 two-bedrooms.
Find out if you qualify

July 7, 2016

Rare Opportunity to Apply for New Upscale Condos in Clinton Hill, Priced From $156,000

By Ondel Hylton

Here's your rare opportunity to purchase a NYC condominium in an upscale building for a fraction of market-rate prices. The developers of Clinton Hill's under-construction condo Waverly Brooklyn are now accepting applications for 11 subsidized homes priced as low as $156,444. Qualified applicants have a chance to purchase the deal of a lifetime with studio, one- and two-bedroom homes priced 86-percent below the neighborhood's market-rate medians. The condos are available to households earning between $32,617 to $48,923.
More details ahead

July 5, 2016

Lottery Opens for 259 Affordable Units in East New York, Starting at $494/Month

By Dana Schulz

As part of his city-wide campaign, Mayor de Blasio has made a push for affordable housing in East New York, where the City Planning Commission recently approved a controversial rezoning. Local residents cited concerns that the changes would lead to displacement and gentrification in a neighborhood where the median income is $35,000 annually. But the city's latest housing lottery offers a whopping 259 units for households earning between $18,275 (single persons) and $71,760 (eight people). The apartments, 50 percent of which are reserved for local residents, range from $494/month studios to $1,322/month four-bedrooms. These units are within the third phase of Gateway Elton Street, a new multi-building affordable housing development with ground-floor retail and community facility space in the Spring Creek section of East New York. In total, it will offer 659 apartments and roughly 70,000 square feet of commercial space. Phase three, located at 1062 Elton Street and 475 Locke Street, was designed by Dattner Architects, who organized the two-building site around a central courtyard with parking and outdoor recreation areas.
More on the development here

Affordable Housing

July 3, 2016

COOKFOX’s Massive Affordable Housing Development Pushes Forward in the Bronx

By Dejah Mcgibbon

Last month, 6sqft reported on the COOKFOX-designed development Park House, the first phase of a two-building affordable and supportive housing complex in the Tremont neighborhood of the Bronx. Since then, the 12-story building has topped off and foundation work is quickly moving along for its adjacent fraternal building dubbed the Webster Residence. The development is being pushed forward by Breaking Ground, a non-profit committed to ending homelessness. This development will be the organization's first venture in the South Bronx.
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Affordable Housing

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