affordable housing

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.

More details, this way

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.

Find out if you qualify

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.

Find out if you qualify

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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affordable housing, real estate trends

Is New York City housing getting more affordable?

By Michelle Cohen, Thu, March 8, 2018

NYC affordable housing

Image: Wikipedia

According to a recent article by the Wall Street Journal, New York City housing may, in fact, be consuming less of our hard-earned dollars. Housing costs are responsible for an increasingly smaller chunk of New Yorkers’ monthly budget, a new U.S. Census Bureau survey shows. The survey, conducted every three years, points to a record amount of new housing and a rental vacancy rate that’s the third-highest since the survey first began in 1965. The Census Bureau survey found that the number of housing units had increased by 117,000 since 2011, a number that includes over 35,000 more rental apartments and 15,000 condos due to arrive in 2018 and 2019.

Really?

affordable housing, housing lotteries, maps

The Department of Housing Preservation and Development on Wednesday released an interactive map of housing lotteries currently accepting applications. Users can click icons displayed on the NYC Housing Connect Map for more information on a lottery, including required income levels, household size and the application deadline. Earlier this week, the department launched a map that displays all of the affordable housing units, buildings and projects which count towards Mayor Bill de Blasio’s Housing New York 2.0 plan.

Explore the map

affordable housing, maps

In addition to upping the number of affordable housing units created or preserved in New York City, Mayor Bill de Blasio is pushing for greater transparency of his ambitious plan to bring 300,000 affordable units to the city by 2026. The Department of Housing Preservation and Development (HPD) launched an interactive map on Monday that displays all of the units, buildings, and projects that count towards the mayor’s Housing New York 2.0 plan (h/t Curbed NY). The counted units, with data starting with units from January 1, 2014 on and will be updated quarterly, are shown by the number of units and occupancy size.

See it here

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