Affordable Housing

New Greenpoint rental opens lottery for 59 apartments, from $1,869/month

Renderings courtesy of Madison Realty Capital

November 22, 2024

New Greenpoint rental opens lottery for 59 apartments, from $1,869/month

Applications are currently being accepted for the first phase of a new luxury development in Greenpoint. A lottery launched for 59 apartments at Greenpoint Central, an eight-story, two-building complex located at 65 and 75 Dupont Street. New Yorkers earning 80 and 130 percent of the area median income can apply for the units, priced from $1,869/month for studios to $4,376/month for two bedrooms.
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Affordable Housing

‘City of Yes’ gets key Council approval after $5B deal reached

Credit: Tommy Kwak on Unsplash

November 22, 2024

‘City of Yes’ gets key Council approval after $5B deal reached

By Aaron Ginsburg

The City Council moved Mayor Eric Adams' "City of Yes" housing proposal forward on Thursday after securing $5 billion in funding and making several changes to the original plan. The Council's zoning subcommittee and land use committee voted in favor of the text amendment with modifications to keep some parking requirements and restrict accessory dwelling units (ADUs) in some neighborhoods. The latest version keeps the mayor's plan largely intact but will reduce the number of projected new homes from 109,000 over the next 15 years to 80,000.
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46 affordable co-ops in Bed-Stuy for sale, from 206K

37 Rochester. All renderings courtesy of NYC Department of Housing Preservation and Development

November 20, 2024

46 affordable co-ops in Bed-Stuy for sale, from 206K

By Devin Gannon

First-time homebuyers can apply to own an affordable co-op in Bed-Stuy through a new housing lottery. The Belle Gardens cooperative includes 46 newly constructed one- and two-bedroom apartments at four buildings in the neighborhood, including 37 Rochester Avenue, 20 Suydam Place, and 331-335 Ralph Avenue. New Yorkers earning 90, 110, and 130 percent of the area median income, and who have 10 percent of the purchase price available for the down payment, can apply for the apartments, priced from $205,827 for a one-bedroom.
how to apply

Affordable Housing

Live next to the Staten Island Ferry at this new waterfront rental, from $903/month

Images courtesy of Triangle Equities

November 19, 2024

Live next to the Staten Island Ferry at this new waterfront rental, from $903/month

By Aaron Ginsburg

A housing lottery launched this week for 30 mixed-income apartments at a new luxury rental on the North Shore of Staten Island. Located across from the street from the Staten Island Ferry, the Residences at Lighthouse Point is part of a mixed-use development rising on the Stapleton waterfront, as well as the broader ongoing effort to revitalize the neighborhood. New Yorkers earning 40, 60, and 130 percent of the area median income can apply for the units, priced from $903/month studios to $4,001/month two bedrooms.
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Affordable Housing

Luxury rental in Astoria launches lottery for 90 apartments, from $828/month

Rendering courtesy of MNS

November 13, 2024

Luxury rental in Astoria launches lottery for 90 apartments, from $828/month

By Aaron Ginsburg

Applications are now being accepted for 90 mixed-income apartments in a new luxury rental building in Astoria. Located at 34-35 44th Street on the border of Long Island City, the 13-story Hearthstone offers residents thoughtfully designed units with top-tier amenities, blocks from bustling Steinway Street. New Yorkers earning 40, 60, 100, and 130 percent of the area median income can apply for the units, with one bedrooms ranging from $828/month to 3,298/month and two bedrooms from $967/month to $2,768/month.
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Affordable Housing

58 apartments available at Gowanus rental, from $848/month

Renderings courtesy of NYC Department of Housing Preservation and Development

November 6, 2024

58 apartments available at Gowanus rental, from $848/month

By Aaron Ginsburg

A housing lottery launched this week for 58 mixed-income apartments at a brand-new rental near the Gowanus Canal. Located at 240 3rd Avenue, Union Channel offers tenants light-filled apartments complemented by an impressive suite of amenities. New Yorkers earning 40, 60, 100, and 130 percent of the area median income can apply for the apartments, with studios priced from $848/month, one bedrooms from $903, two bedrooms from $1,071, and three bedrooms from $1,225.
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Affordable Housing

NYC Council responds to ‘City of Yes’ with housing plan that goes beyond zoning

Credit: Diane Picchiottino on Unsplash

November 4, 2024

NYC Council responds to ‘City of Yes’ with housing plan that goes beyond zoning

By Aaron Ginsburg

The New York City Council has released a housing plan as a counter-proposal to Mayor Eric Adams' "City of Yes" plan. Council Speaker Adrienne Adams last week announced "City for All," which pairs the zoning changes of the mayor's plan, currently under review by the Council, with several measures and funding demands to ensure affordability for renters and homeowners.
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Updated Midtown South rezoning plan could create nearly 10,000 new homes

8th Avenue below 40th Street. Photo © Ondel Hylton

November 1, 2024

Updated Midtown South rezoning plan could create nearly 10,000 new homes

By Aaron Ginsburg

New zoning tools will allow the city to build bigger apartment buildings in Midtown Manhattan, doubling the new housing units permitted under a proposed rezoning. The Department of City Planning on Thursday released an updated draft of the Midtown South rezoning plan to incorporate floor area ratio (FAR) caps of 15 to 18, enabled by the state's recent repeal of the 12 FAR cap. This change allows larger developments and roughly 9,700 new homes, up from a previous estimate of 4,000, in a 42-block area of Midtown where housing development has been largely prohibited.
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Live in one of Long Island City’s tallest towers, from $2,990/month

Renderings courtesy of NYC Department of Housing Preservation and Development

October 31, 2024

Live in one of Long Island City’s tallest towers, from $2,990/month

By Devin Gannon

A 66-story in Long Island City launched a housing lottery this week, offering high-rise luxury living at a discounted price. Lumen LIC, at 43-30 24th Street, is a huge new rental designed by Hill West Architects and developed by Carmel Partners, with 938 apartments and over 17,000 square feet of ground-floor retail. New Yorkers earning 130 percent of the area median income can apply for the apartments, priced from $2,990/month for studios to $5,114/month for three-bedrooms.
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Affordable Housing

Hunter’s Point waterfront rental opens lottery for 173 apartments, from $2,490/month

By Aaron Ginsburg

Applications are now being accepted for 173 middle-income apartments in a new luxury rental development on the Long Island City waterfront. Located at 2-20 Malt Drive in Hunter's Point South, the 34-story building is part of the three-tower Malt Drive development bringing over 1,000 new homes to the area. New Yorkers earning 130 percent of the area median income can apply for the units, priced from $2,490/month for studios to $3,590/month for two-bedrooms.
Find out if you qualify

Affordable Housing

Long Island City rental opens lottery for 150 apartments, from $2,900/month

Credit: VUW

October 23, 2024

Long Island City rental opens lottery for 150 apartments, from $2,900/month

By Aaron Ginsburg

A housing lottery launched this week for 150 middle-income apartments at a new mixed-use development in the Hunter's Point section of Long Island City. Located at 2-33 50th Avenue, Jasper is a 12-story building that offers residents a holistic living experience with state-of-the-art amenities and convenient access to a grocery store, restaurants, and other retail options on the ground level. New Yorkers earning 130 percent of the area median income can apply for the units, priced from $2,900/month studios to $5,039/month three-bedrooms.
find out if you qualify

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

By Aaron Ginsburg

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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Affordable Housing

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

By Aaron Ginsburg

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.
Learn if you qualify

Affordable Housing

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

By Aaron Ginsburg

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

By Aaron Ginsburg

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.
Find out if you qualify

Affordable Housing

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

By Aaron Ginsburg

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

By Aaron Ginsburg

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

By Devin Gannon

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.
Do you qualify?

Affordable Housing

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

By Aaron Ginsburg

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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Affordable Housing

‘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

By Aaron Ginsburg

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

By Aaron Ginsburg

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

By Aaron Ginsburg

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.
find out if you qualify

Affordable Housing

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

By Aaron Ginsburg

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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Affordable Housing

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

By Aaron Ginsburg

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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Affordable Housing

Affordable Housing

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