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.
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.
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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.
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Proposed site; Image via Google Maps.
Housing organization Grand Street Guild has announced plans to build two 15-story towers as part of a 100 percent affordable housing project that will bring 400 new apartments–including over 150 reserved for seniors–to the Lower East Side. The not-for-profit group, which was formed by the Archdiocese of New York, is the owner of the 26-story Grand Street Guild towers, built in 1973 and home to over 1,500 residents, that surround St. Mary’s Church on Grand Street. According to The Lo-Down, one of the proposed sites for the new towers is the corner of Broome and Clinton streets (now a parking garage) and another is 151 Broome Street, currently housing the Little Star Daycare Center.
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Photo via Wikimedia
During its last full-body meeting of the year, the New York City Council passed a bill Tuesday that makes it easier for low-income renters to find apartments by creating a user-friendly online portal. Under the new legislation, landlords who receive tax breaks in exchange for renting below-market units will be required to register units each year with the city’s Department of Housing Preservation and Development. As the Wall Street Journal reported, the department would list these units online and match potential tenants by their income with apartments.
Image: Ed Reed/Mayoral Photography Office
Calling it “Housing New York 2.0,” Mayor Bill de Blasio has just released a new road map to his goal of building and preserving 300,000 affordable New York City homes–100,000 more than his previous pledge. The plan accelerates and expands the production of new housing, fights tenant displacement, creates more housing for seniors and working families and provides new home ownership tools. Among the more technologically advanced strategies outlined are plans to use innovative smaller homes on vacant lots that are too small for traditional housing and the expansion of modular buildings and micro-units.
Mitchell-Lama, vacant lots, modular building and micro-units, this way
Photo via NYC.GOV
Mayor de Blasio announced yesterday a new housing program, “Seniors First,” that aims to double the city’s commitment to senior housing over the mayor’s extended 12-year Housing New York plan, with the goal of serving 30,000 senior households by 2026. This isn’t the first time de Blasio has turned his focus to the affordable housing challenges for seniors; earlier this year he announced plans for two initiatives, including an Elder Rent Assistance program that would provide 25,000 seniors with monthly rental assistance of up to $1,300. And jumping on the bandwagon, too, are private developers. The Wall Street Journal reports that a Florida-based private-equity firm purchased a high-profile Brooklyn Heights apartment building–previously belonging to the Jehovah’s Witnesses–for about $200 million with plans to convert it into luxury senior housing.
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Mayor Bill de Blasio announced Thursday that the city will invest $250 million to protect 15,000 Mitchell-Lama apartments from going to market rate. The investment is part of the city’s initiative to create or preserve 300,000 units of affordable housing by 2026. The new program will address over 15,000 Mitchell-Lama homes where affordability is at risk over the next eight years.
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Rendering of Edwin’s Place via Robert AM Stern Architects
The New York City Planning Commission on Wednesday unanimously approved a proposal for 125 affordable units designed by Robert A.M. Stern Architects at 3 Livonia Avenue in Brownsville. The proposed Brooklyn development, called Edwin’s Place, would feature an eight-story building with 69 one-, two-, and three-bedroom units and 56 studios. Edwin’s Place is being developed by nonprofit partners Breaking Ground and the African American Planning Commission, Inc. The proposal, which won approval from Brooklyn Borough President Eric Adams and Community Board 16, will move on to the City Council for a final review.
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Starrett City photo via Matt Green on Flickr, President Trump photo via Wikimedia
The owners of Starrett City, the largest federally subsidized housing project in the country, recently announced they found a buyer for the $850 million Brooklyn development. Located in East New York, Starrett City sits on 145 acres and includes 5,881 affordable apartments for 15,000 residents. As the New York Times reported, President Donald Trump partially owns the housing development and will benefit from the sale of the property. Since the sale requires federal approval from the Department of Housing and Urban Development and state officials, this puts the president on both sides of the agreement, creating a potential conflict of interest for him.
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