Affordable Housing

NJ releases affordable housing requirements for every town, details need for 150,000 new homes

Jersey City, NJ. Credit: Zoshua Colah on Unsplash

October 22, 2024

NJ releases affordable housing requirements for every town, details need for 150,000 new homes

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New Jersey towns now know how many affordable homes they need to develop over the next decade to fairly address the state's housing shortage. The Department of Community Affairs last week published the calculations of present and prospective need for affordable housing in all 564 municipalities, required by a law signed by Gov. Phil Murphy in March. The calculations found a present need for 65,410 low- and moderate-income homes and a need for another 84,698 over the next 10 years.
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Lottery opens for 50 mixed-income apartments in Gowanus, from $888/month

Rendering courtesy of the NYC Department of Housing Preservation and Development

October 21, 2024

Lottery opens for 50 mixed-income apartments in Gowanus, from $888/month

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Applications are now being accepted for 50 mixed-income apartments at a new rental development in Gowanus. Located at 655 Union Street, the 13-story residential building offers spacious, sun-drenched units with top-tier amenities at the intersection of some of Brooklyn's liveliest neighborhoods. New Yorkers earning 40, 60, 110, and 130 percent of the area median income can apply for the units, priced from $888/month one-bedroom units to $3,982/month two-bedrooms.
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City begins public review for Atlantic Avenue rezoning plan to create over 4,500 new homes

Rendering of Atlantic Avenue’s improved, and safer streets, courtesy of DCP

October 16, 2024

City begins public review for Atlantic Avenue rezoning plan to create over 4,500 new homes

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A plan to create thousands of new apartments and add open space to Atlantic Avenue in Brooklyn is moving forward. Mayor Eric Adams on Tuesday announced the start of the public review process for the Atlantic Avenue Mixed-Use Plan, a rezoning that could create roughly 4,600 new homes—1,440 of which will be permanently income-restricted and affordable—and 2,800 jobs along a 21-block stretch of Atlantic Avenue. The plan will also include traffic safety upgrades at intersections along the corridor to improve pedestrian safety, accessibility, and visibility.
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Rental component of One Domino Square opens lottery for 120 apartments, from $2,832/month

One Domino Square. Photo credit: Evan Joseph

October 14, 2024

Rental component of One Domino Square opens lottery for 120 apartments, from $2,832/month

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A housing lottery launched this week for 120 middle-income apartments at the rental portion of One Domino Square, part of the Domino Sugar Factory redevelopment in Williamsburg. The first residential project designed by architect Annabelle Selldorf, One Domino Square consists of a 39-story building with 160 condos and a 55-story building with nearly 400 rental units, the latter of which is the tallest tower in the neighborhood. The affordable apartments will be available through a lottery to New Yorkers earning 125 and 130 percent of the area median income; apartments are priced from $2,832/month for studios to $4,415/month for two bedrooms.
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NYC unveils rules for 485-x tax break, office-to-residential incentive

Credit: Bex Walton on Flickr

October 8, 2024

NYC unveils rules for 485-x tax break, office-to-residential incentive

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The city's Department of Housing Preservation and Development (HPD) on Monday released proposed rules for 485-x, the tax exemption that replaced 421-a, and the new 467-m incentive for converting offices into housing. The proposals must be finalized before HPD can approve applications for both programs, The Real Deal reported.
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Elizabeth Street Garden served eviction notice by city

Photo by James and Karla Murray exclusively for 6sqft

October 3, 2024

Elizabeth Street Garden served eviction notice by city

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Despite last-ditch efforts from New York City icons like Martin Scorsese and Robert De Niro, Little Italy's Elizabeth Street Garden received an eviction notice from the city this week. The nonprofit that oversees the garden said they have two weeks to vacate as the city moves forward with plans to build affordable senior housing and retail space on the unique green space. Elizabeth Street Garden said it plans to "continue to work with our legal team to address the eviction."
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New Astoria rental launches lottery for 28 middle-income apartments, from $2,275/month

Rendering courtesy of the NYC Department of Housing Preservation and Development

October 1, 2024

New Astoria rental launches lottery for 28 middle-income apartments, from $2,275/month

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On a central Astoria block, a brand new rental is launching a lottery for below market-rate apartments. At 29th Street and Broadway, the Amara offers high-end apartments and amenities, including a parking garage and electric vehicle charging. Qualifying New Yorkers earning 130 percent of the area median income can apply for the 28 middle-income apartments, priced from $2,275/month studios to $3,700/month two-bedrooms.
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NYC’s first mixed-use affordable housing and industrial development opens in Brownsville

Photo by Michael Hnatov, courtesy of GMDC

September 26, 2024

NYC’s first mixed-use affordable housing and industrial development opens in Brownsville

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New York City’s first mixed-use development combining affordable housing and manufacturing space is now complete in Brownsville. The $118 million project converted the former Fox's U-Bet Chocolate Syrup factory into 39,000 square feet of light industrial space on the ground floor with 174 units of affordable and supportive housing above it. Designed by THINK! Architecture and Design, the complex addresses two city priorities by adding affordable housing and supporting new jobs.
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‘City of Yes’ housing plan approved by City Planning Commission

Image courtesy of amanderson2 on Flickr

September 25, 2024

‘City of Yes’ housing plan approved by City Planning Commission

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In a win for Mayor Eric Adams, the City of Yes housing proposal has cleared the first hurdle of the approval process. The City Planning Commission (CPC) on Wednesday voted 10 to 3 to approve Adams' City of Yes for Housing Opportunity plan, which aims to address New York City's housing shortage by creating more than 100,000 new homes over the next 15 years through a series of zoning changes. Now, the plan heads to the City Council, where a more contentious debate is expected, as some council members have already voiced opposition to several major proposed changes in their districts.
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Phase two of Greenpoint Hospital conversion begins, adding 311 affordable homes

Credit: Architecture Outfit and Magnusson Architecture & Planning

September 19, 2024

Phase two of Greenpoint Hospital conversion begins, adding 311 affordable homes

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The Hudson Companies and St. Nicks Alliance on Wednesday, in collaboration with the city's Department of Housing Preservation and Development (HPD), broke ground on the second phase of Kingsland Commons, a transformation of the former Greenpoint Hospital campus into an affordable housing complex. Designed by Magnusson Architecture and Planning (MAP) and Architecture Outfit, this phase includes an 18-story building with 311 permanently affordable units for extremely low- and very low-income residents, including formerly homeless individuals and families.
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Astoria rental opens lottery for 43 luxury apartments, from $1,974/month

Rendering courtesy of the NYC Department of Housing Preservation and Development

September 18, 2024

Astoria rental opens lottery for 43 luxury apartments, from $1,974/month

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A housing lottery opened for 43 mixed-income apartments at a new residential development in Astoria. Located at 21-11 31st Avenue, the seven-story building offers luxury living, easy access to Manhattan, and endless dining, retail, and entertainment options. New Yorkers earning 80 and 130 percent of the area median income can apply for the one-bedroom apartments, priced at $1,974/month and $2,600/month.
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182 apartments available at huge luxury high-rise in Jamaica, from $1,596/month

Rendering courtesy of the NYC Department of Housing Preservation and Development

September 6, 2024

182 apartments available at huge luxury high-rise in Jamaica, from $1,596/month

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Applications are now being accepted for 182 mixed-income apartments at a new luxury rental tower in Jamaica, Queens. Located at 163-05 Archer Avenue, the Monarch is a 24-story building with 605 apartments, state-of-the-art amenities, and retail space. New Yorkers earning 80 and 130 percent of the area median income can apply for the units, priced from $1,596/month for one-bedroom units to $3,753/month for two bedrooms.
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Dumbo rental opens lottery for 66 luxury apartments, from $3,105/month

Renderings courtesy of the NYC Department of Housing Preservation and Development

August 30, 2024

Dumbo rental opens lottery for 66 luxury apartments, from $3,105/month

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A lottery opened this week for 66 middle-income apartments at a residential complex in the Brooklyn neighborhood of Vinegar Hill, next to Dumbo. Located at 218 Front Street, the Lightwell is a seven-story, two-building development offering residents brand-new luxury apartments designed to seamlessly blend indoor and outdoor living. New Yorkers earning 130 percent of the area median income can apply for the units, priced from $3,105/month for studios to $3,963/month for two bedrooms.
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Lottery opens for 90 mixed-income apartments at first Gowanus rezoning project, from $784/month

Rendering courtesy of the NYC Department of Housing Preservation and Development

August 27, 2024

Lottery opens for 90 mixed-income apartments at first Gowanus rezoning project, from $784/month

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A housing lottery launched this week for 90 mixed-income apartments at the first residential project developed under the Gowanus rezoning. The two-tower rental at 420 Carroll Street includes 360 apartments, 25 percent of which are priced below market rate, commercial space, and a new public promenade along the Gowanus Canal. New Yorkers earning 40, 60, 100, and 130 percent of the area median income can apply for the units, priced from $784/month for studios to $3,298/month for three bedrooms.
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165 affordable apartments available at new Brownsville housing complex, from $454/month

Rendering courtesy of the NYC Department of Housing Preservation and Development

August 23, 2024

165 affordable apartments available at new Brownsville housing complex, from $454/month

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Applications are now being accepted for 165 affordable apartments at a new housing complex in Brownsville, Brooklyn. Located at 589 Christopher Avenue, the building is the second and final phase of Ebenezer Plaza, a sprawling mixed-use development bringing much-needed affordable housing to the community. New Yorkers earning 30, 50, 70, and 80 percent of the area median income can apply for the units, priced from $454/month for studios to $2,949/month for three bedrooms.
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Celebrities join last-minute effort to save Elizabeth Street Garden

Photo by James and Karla Murray exclusively for 6sqft

August 23, 2024

Celebrities join last-minute effort to save Elizabeth Street Garden

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With its eviction looming, Little Italy's Elizabeth Street Garden is throwing one last hail mary. New York celebrities Robert De Niro, Martin Scorsese, and Patti Smith penned letters to Mayor Eric Adams this week, asking him not to build an affordable senior housing development on the city-owned site of the community garden, a plan approved in 2019 but delayed by legal challenges. The A-listers join thousands of residents who oppose replacing the unique green space with apartments, despite the city's current housing crisis. Demolition of the garden could begin next month after the nonprofit that runs the space lost two separate court battles.
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Adams directs NYC agencies to find city-owned land for potential housing development

Photo © 6sqft

August 21, 2024

Adams directs NYC agencies to find city-owned land for potential housing development

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Mayor Eric Adams is finding new ways of meeting his goal of building 500,000 new homes in New York City over the next decade. The mayor on Wednesday signed an executive order directing every city agency to determine if housing can be built on property it owns. As the New York Times first reported, this could mean constructing new homes on properties like underused parking lots or garages.
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Harris proposes 3 million new homes, $25K in down payment assistance

Image courtesy of Wake Technical Community College on Flickr

August 20, 2024

Harris proposes 3 million new homes, $25K in down payment assistance

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Vice President Kamala Harris last week released several proposals to lower housing costs for Americans if elected. During a speech in North Carolina on Friday, Harris outlined her plans to construct three million new housing units, expand tax incentives for developers who build affordable rentals, encourage the construction of starter homes for first-time homebuyers, and provide $25,000 in down-payment assistance for first-time buyers.
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Landlords register more rent-stabilized units to avoid fines

Image courtesy of Ruoyu Li on Unsplash

August 19, 2024

Landlords register more rent-stabilized units to avoid fines

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Thousands more rent-stabilized apartments have been filed with the state of New York this year after a new law passed last year that fines landlords who fail to register units, as The City first reported. So far in 2024, roughly 919,500 apartments have been registered, up from between 750,000 and 800,000 registrations in recent years.
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Luxury rental near Fordham University opens lottery for 50 apartments, from $2,200/month

Rendering courtesy of the NYC Department of Housing Preservation and Development

August 19, 2024

Luxury rental near Fordham University opens lottery for 50 apartments, from $2,200/month

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A housing lottery has opened for 50 mixed-income apartments at a new luxury rental near Fordham University in the Bronx. Located at 4720 3rd Avenue in Belmont, the Arabella offers residents brand-new units and modern amenities, all in a prime location. New Yorkers earning 80 and 130 percent of the area median income can apply for the units, priced from $2,206/month for one-bedroom apartments to $3,950/month for three bedrooms.
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Converted 19th-century St. John’s College building in Bed-Stuy opens lottery, from $2,495/month

All renderings courtesy of Woods Bagot

August 13, 2024

Converted 19th-century St. John’s College building in Bed-Stuy opens lottery, from $2,495/month

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A 19th-century Romanesque Revival building in Bed-Stuy originally home to St. John's College is now a luxury rental building. The Hartby, located on the corner of Willoughby and Lewis Avenues, is an adaptive reuse conversion of the former school, designed in the 1870s by Patrick Keely, a prolific architect for the Catholic Church. Developed by Property Resources Corporation and designed by Woods Bagot, the Hartby opened a housing lottery for 62 rent-stabilized apartments this week. New Yorkers earning 130 percent of the area median income can apply for the residences, priced from $2,495/month for studios, $2,795/month for one-bedroom units, and $3,939/month for two-bedroom units.
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Hudson Yards high-rise opens lottery for 114 apartments, from $1,655/month

Renderings courtesy of Conway + Partners

August 9, 2024

Hudson Yards high-rise opens lottery for 114 apartments, from $1,655/month

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A new luxury rental in Hudson Yards opened a lottery this week for 114 mixed-income apartments. Rising 46 stories at 550 Tenth Avenue, the Maybury offers 453 residences with incredible views and 20,000 square feet of indoor and outdoor amenities, including a rooftop sky lounge. New Yorkers earning 70 and 125 percent of the area median income can apply for the units, priced from $1,655/month for studios to $3,861/month for two bedrooms.
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Adams announces more funding to help NYC homeowners build accessory dwelling units

Credit: Ed Reed/Mayoral Photography Office on Flickr

August 6, 2024

Adams announces more funding to help NYC homeowners build accessory dwelling units

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New York City will expand a pilot program that helps homeowners build accessory dwelling units (ADUs) on their properties. Mayor Eric Adams this week announced an additional $4 million in state funding for the pilot program "Plus One ADU," launched last November. With the additional funds, the program will provide $395,000 to up to 35 homeowners to build or convert an ADU on their property.
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Live in a new Upper East Side rental tower, from $1,655/month

Renderings courtesy of the NYC Department of Housing Preservation and Development

August 6, 2024

Live in a new Upper East Side rental tower, from $1,655/month

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Here's a chance to live affordably in one of New York City's most desirable neighborhoods. A housing lottery opened at 300 East 83rd Street in the Yorkville section of the Upper East Side. The 22-story luxury rental, dubbed the Duchess, offers apartments with high-end finishes and amenities like a fitness center, rooftop terrace, and more. New Yorkers earning 70 and 130 percent of the area median income can apply for the units, priced from $1,655/month for studios to $4,020/month for two bedrooms.
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NYC Council loses lawsuit over housing voucher expansion

Photo courtesy of Boran Pang on Unsplash

August 2, 2024

NYC Council loses lawsuit over housing voucher expansion

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A state judge on Thursday rejected a lawsuit from the New York City Council that sought to force Mayor Eric Adams to expand a housing voucher program. Manhattan Supreme Court Judge Lyle E. Frank on Thursday ruled the City Council lacks the legal authority to expand the program, a 2023 law originally vetoed by Adams, The City reported. The judge sided with Adams, stating the Council's bill was invalid, "preempted by the state's social services law," and the council had no authority to expand the program.
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