affordable housing

affordable housing

NYC, nyc skyline, new york

Via Pixabay

Update 9/27/18: City Comptroller Scott Stringer said the report released this week about the decrease in affordable housing contained a major miscalculation, the Wall Street Journal reported Wednesday. Instead of the 1 million affordable apartments lost, as the report stated, the true number is less than half of that, or 425,492 units. According to an updated report, the number of apartments renting for $2,700/month increased by 111,000 units between 2005 and 2017, instead of 238,000 units as originally stated. “While it remains true that affordable housing is declining at an unsettling rate and the gap is still growing, we overstated the pace,” Ilana Maier, a spokesperson for Stringer, said in a statement. “We made a genuine mistake.”

Since 2005, New York City has lost over 1 million affordable apartments, according to a report released by the City Comptroller Scott Stringer on Tuesday. The report, “The Gap is Still Growing,” builds from an original 2014 analysis from the comptroller’s office and shows the number of available units has failed to keep up with the city’s booming population. Between 2005 and 2016, about 576,000 people moved to NYC. But the city added just over 76,000 new units of rental housing.

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affordable housing, Policy

Photo via Public Domain

According to a new city management report, during the 2017 fiscal year, the city spent an average of $99 a day to house single adults in facilities in New York City; in fiscal year 2018, that number grew to $117 a day, the Wall Street Journal reports. The cost of housing homeless families in shelters rose in fiscal year 2018 as well, with over 22,340 children living in shelters–an average of $192 a day compared to $171 in fiscal year 2017. It cost $147 each day to house adult families in fiscal year 2018 compared with $138 a day a year prior. According to the city’s Department of Homeless Services, the bigger numbers are the result of an increased investment in services, repairs and security at shelters.

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affordable housing, New Developments, Queens

Willets Point from Citi Field. Image: Wiki Commons.

The city and developers have filed preliminary plans to pave a 6.5 acre stretch of city land for 665 parking spots, Crains reports. The economic development site within the industrial neighborhood of Willets Point, in Corona, Queens also known as the Iron Triangle was slated for a cleanup of its toxic soil and the creation of affordable and senior housing, plans which resulted in the demolition of a cluster of small businesses.

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affordable housing, Bronx, Major Developments, New Developments

Yankee Stadium. Image: pingnews.com via Flickr

New York City Football Club, the Major League Soccer franchise owned by the Yankees and an investment group led by Abu Dhabi billionaire royal Sheik Mansour bin Zayed al-Nahayan, who also owns Manchester City Football Club, may have found a site for its own home stadium after a five-year search. The focus is on a site in the Bronx near Yankee Stadium, which is where the team’s owners had wanted to build the stadium in 2013, as 6sqft previously reported. This time around, the stadium would be part of a multibillion-dollar 20-acre development along East 153rd Street and River Avenue between Yankee Stadium and the Bronx Terminal Market and would also include a park, a hotel and soccer and sports-focused conference center, shops, office space, a school and as many as 3,000 affordable apartments, according to the New York Times.

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affordable housing, Policy

Photo via Wiki Commons

As part of the new city budget, New York City has committed $500 million toward a plan to construct thousands of new apartments for low-income senior citizens on vacant public housing land, the Wall Street Journal reports. The new units would also free up existing NYCHA units currently occupied by seniors for people currently on wait lists for housing.

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affordable housing, Williamsburg

415 Kent affordable housing

Via 420 Kent

A residential tower found along the Williamsburg waterfront as part of a collection of three-Lego-like high rises known as 420 Kent, has 65 mixed-income housing units up for grabs. Designed by ODA-Architects, these elegant, smoky-glass facade, offset box buildings jet out in different directions and contain a whopping 857 apartments. Qualifying New Yorkers earning 40, 60 and 130 percent of the area median income can apply for the units at 416 Kent ranging from $565/month studios to $2,733/month two-bedrooms.

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affordable housing, Crown Heights, Flatbush, housing lotteries

Photo via CityRealty

Maple East New York Housing, located where the Crown Heights and East Flatbush neighborhoods of Brooklyn meet, is accepting applications for 16 affordable apartments. The building, found at 918 East New York Avenue, contains a blend of affordable and supportive housing, offering a mix of studios, one and two bedroom units. Qualifying New Yorkers earning 60 percent of the area median income can apply for the $1,017/month one-bedrooms and $1,224/month two-bedrooms.

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affordable housing, housing lotteries, real estate trends

Photo via CityRealty

If you are a single New Yorker earning $58,450 or less per year, you fall under the low income category, according to 2018 estimates released last month by the U.S. Department of Housing (HUD). These income limits are established by the government to help figure out if residents are eligible for subsidized and affordable housing. Even though the median family income in NYC and its surrounding area slightly increased this year to $70,300 from $66,200 in 2017, the high cost of living continues to place a significant burden on New Yorkers (h/t Curbed NY).

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affordable housing, Bronx, New Developments, Rentals

la central, affordable housing, bronx, lambert houses, FXFowle

As 6sqft previously reported, after getting the green light for La Central, a new development that would bring nearly 1,000 units of affordable housing to the site of the Bronx Zoo-bordering Lambert Houses, construction on phase 1 of the project is well underway. Welcome2TheBronx reports that a 160-unit building D at Bergen Avenue and 152nd Street, a supportive housing building for formerly homeless individuals, is almost topped out and is scheduled to be finished by the summer of 2019. Two more buildings in the 992 unit, 1.1-million-square-foot Hudson Companies, Inc, development have broken ground.

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affordable housing, Architecture, Bed Stuy, Starchitecture

Rendering of the Sumner Houses Senior Building, courtesy of the Architect, Studio Libeskind (via NYC Housing Authority)

Though he has called New York home for decades, noted Polish-American architect Daniel Libeskind has yet to see a NYC building to completion. But it appears that may soon change, as CityRealty reports that his first ground-up building will be a 197-unit affordable housing project on Site 2 of the Sumner Houses in Bed-Stuy. A January press release announcing the selection of the project’s developers credits Studio Daniel Libeskind as the designer of the 10-story building-to-be, and a rendering shows an angular white-colored building done in the firm’s signature un-orthogonal style.

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