Affordable Housing

Lottery launches for 35 affordable units at wellness-themed Chelsea condo-rental, from $995/month

All renderings by Williams New York

February 2, 2021

Lottery launches for 35 affordable units at wellness-themed Chelsea condo-rental, from $995/month

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Maverick Chelsea, a new wellness-focused condo-rental at 215-225 West 28th Street from HAP Investments, just launched an affordable housing lottery for 35 units, ranging from $995/month studios to $1,681/month three-bedrooms. Designed by DXA Studio, the contemporary residence is a two-building project that includes 112 rentals and 87 condos. Residents will get to enjoy amenities like an indoor pool and spa, summer kitchen, rooftop garden, wellness center, private library and lounge, fitness center, and 24-hour attended lobby.
Find out if you qualify here
How Joe Biden will affect NYC’s renters, real estate, and recovery

Photo by Gage Skidmore on Flickr

January 20, 2021

How Joe Biden will affect NYC’s renters, real estate, and recovery

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After Joe Biden is sworn in as the 46th president of the United States on Wednesday, his immediate focus will be getting the coronavirus pandemic under control and providing direct relief to Americans. In addition to immediate actions related to COVID-19, Biden's Day 1 housing priorities include extending the federal nationwide moratorium on residential evictions through the end of September and sending an additional $25 billion in rental assistance to states. Down the road, Biden has proposed fewer developer-friendly policies than his predecessor, including a repeal of the 1031 exchange and reform of the Opportunity Zone tax program. But overall, there is optimism among New York City real estate industry experts who see a Biden Administration as a way to restore stability and consumer confidence. With a pledge to defeat COVID-19 and send federal support to New York City, there's hope on the horizon for the city's recovery.
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Construction set to begin at huge South Bronx complex with Universal Hip Hop Museum

Rendering courtesy of S9 Architecture

January 6, 2021

Construction set to begin at huge South Bronx complex with Universal Hip Hop Museum

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Construction of the South Bronx mixed-use project that will have over 1,000 units of housing, a waterfront esplanade, and a permanent home for the Universal Hip Hop Museum is set to begin in the coming weeks. Developed by L+M Development Partners, Type A Projects, BronxWorks, and the city of New York in a public-private partnership, the project, known as Bronx Point, secured $349 million in financing last week. S9 Architecture is leading the design of the 22-story development, with the publicly-accessible open space along the Harlem River designed by Marvel Architects and Abel Bainnson Butz.
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Lottery opens for 223 mixed-income apartments in the South Bronx, from $354/month

All images courtesy of Phipps Houses

December 14, 2020

Lottery opens for 223 mixed-income apartments in the South Bronx, from $354/month

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A housing lottery launched last week in the South Bronx for over 200 affordable homes set aside for extremely-low to moderate-income households. Located in Soundview, the newly-constructed 12-story Metcalf Avenue Apartments offers residents on-site laundry, children's playroom, roof deck, landscaped courtyard, and a community room. Qualifying New Yorkers earning 30, 50, 70, 90, and 110 percent of the area median income can apply for the units, which range from $354/month studios to $2,346/month three-bedroom apartments.
Find out if you qualify
Lottery opens for 58 affordable senior apartments near Brooklyn College in Flatbush

Photo of Brooklyn College Library by Beyond My Ken on Wikimedia

December 4, 2020

Lottery opens for 58 affordable senior apartments near Brooklyn College in Flatbush

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A housing lottery has launched this week for 58 affordable apartments for senior New Yorkers at a new Brooklyn rental. Located at 1488 New York Avenue, the Bishop Philius and Helene Nicolas Senior Residences rises seven stories and contains 89 studio apartments and social services for residents. To apply, New Yorkers must have at least one household member who is 62 years of age or older, qualify for Section 8 benefits, and earn $45,500 or less, annually. Eligible applicants will pay 30 percent of their income for the studio apartments.
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112 affordable apartments in East New York, from $331/month

Photo credit: The Arker Companies

December 3, 2020

112 affordable apartments in East New York, from $331/month

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A housing lottery launched this month for 112 affordable apartments at a new complex in the Spring Creek section of East New York. The building at 881 Erskine Street sits within The Fountains development, a mixed-use project of six buildings that will ultimately bring more than 1,100 affordable homes to the area. Qualifying New Yorkers earning 30, 40, and 60 percent of the area median income can apply for the apartments, which range from $331/month studios to $1,472/month three-bedroom apartments.
Find out if you qualify
Apply for 48 middle-income units at new Long Island City rental, from $2,156/month

Photo by Harry Gillen on Unsplash

December 2, 2020

Apply for 48 middle-income units at new Long Island City rental, from $2,156/month

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Applications are now being accepted for 48 units below market rate at a newly constructed Long Island City rental. Located at 45-57 Davis Street, the nine-story development contains over 150 units and commercial space on the ground floor. Qualifying New Yorkers earning 130 percent of the area median income can apply for the units, which range from $2,156/month studios to a $3,122/month three-bedroom. The median rental price for market-rate units in the neighborhood is $2,700/month, according to CityRealty.
Find out if you qualify
All 950 units at city’s Gowanus housing development will be affordable

Rendering courtesy of Marvel Architects/SCAPE Landscape Architects

November 23, 2020

All 950 units at city’s Gowanus housing development will be affordable

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The city's proposed six-building residential development in Gowanus will be 100 percent affordable, officials announced last week. The Gowanus Green project, part of Mayor Bill de Blasio's administration's plan to rezone the Brooklyn neighborhood, will contain 950 units of affordable housing, with at least 50 percent designated to extremely low and very low-income households. Previously, the plan called for roughly 74 percent of units to fall below the market rate.
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Lottery opens for 122 affordable senior housing units in new Bronx building with lots of green space

All renderings by SLCE Architects

November 17, 2020

Lottery opens for 122 affordable senior housing units in new Bronx building with lots of green space

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In the Tremont section of the Bronx, just south of Little Italy and just west of the Bronx Zoo and Botanical Garden, a new affordable senior housing complex has launched a lottery for 122 units. Located at 600 East 179th Street, the 176-unit building was designed by SLCE Architects and features environmentally friendly features such as two large terraces and a rear garden, including both indoor and outdoor vegetable gardens, and a green wall. The available apartments include studios and one-bedrooms for those earning 30 or 50 percent of the area median income, who will pay 30 percent of their income on rent.
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86 middle-income apartments up for grabs at new Downtown Brooklyn rental, from $2,241/month

Photo by LWYang on Flickr

November 16, 2020

86 middle-income apartments up for grabs at new Downtown Brooklyn rental, from $2,241/month

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A new housing lottery has launched for 86 middle-income apartments at a brand new residential building in Downtown Brooklyn. Designed by J Frankl Associates and Charles Mallea, 260 Gold Street rises 13 stories on a former parking at the corner of Tillary and Gold. Qualifying New Yorkers earning 130 percent of the area median income can apply for the apartments, which include $2,241/month studios, $2,362/month one-bedrooms, $2,848/month two-bedrooms, and $3,282/month three-bedrooms.
Do you qualify?
14 middle-income apartments up for grabs in Astoria, from $2,050/month

Photo courtesy of JLS Designs Architecture and Planning PC,  Joe Sultana Architect

November 13, 2020

14 middle-income apartments up for grabs in Astoria, from $2,050/month

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In the heart of Astoria, a middle-income affordable housing lottery has launched at the brand-new rental building at 14-53 31st Avenue. Known as the Centennial Astoria, it was designed by local firm JLS Designs and offers a modern, glassy living experience not often found in the neighborhood. There are 14 units available to those earning 130 percent of the area median income. They include $2,050/month one-bedrooms and $2,500/month two-bedrooms.
Find out if you qualify
Middle-income housing lottery launches for 47 units at new amenity-filled rental in Jackson Heights

All photos courtesy of Marvel Architects

November 12, 2020

Middle-income housing lottery launches for 47 units at new amenity-filled rental in Jackson Heights

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A new affordable housing lottery has launched for Roosevelt Parc, a brand-new rental in Jackson Heights, Queens designed by Marvel Architects. The mixed-use project has a unique Flatiron-esque shape that lends itself to a large outdoor garden. There's also a huge roof deck complete with outdoor kitchens and grills and various lounging and dining areas, among a slew of other amenities. There are 47 units available to those earning 130 percent of the area median income, ranging from $1,121/month studios to $3,283/month three-bedrooms.
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$1.4B South Street Seaport proposal includes two mixed-use towers with affordable units

All renderings courtesy of The Howard Hughes Corporation/SOM

October 22, 2020

$1.4B South Street Seaport proposal includes two mixed-use towers with affordable units

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The Howard Hughes Corporation on Thursday unveiled its latest effort to redevelop the South Street Seaport neighborhood. The $1.4 billion proposal includes the construction of two 470-foot towers which would contain rentals, condos, and office space on a parking lot at 250 Water Street. Initial plans from the developer called for a single tower that would rise nearly 1,000 feet, but local residents and Community Board 1 opposed it. Designed by Skidmore, Owings & Merrill, the two towers would include 360 units, with at least 100 apartments set aside for families earning 40 percent of the area median income. It would be the first affordable housing built in the community under the city's Mandatory Inclusionary Housing program.
More here
16 middle-income apartments up for grabs at luxury rental near Grand Central, from $1,949/month

Photos: Left by Noble Construction Group; Right by Lester Ali

October 5, 2020

16 middle-income apartments up for grabs at luxury rental near Grand Central, from $1,949/month

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Twenty percent of the 429 apartments at 222 East 44th Street is reserved as affordable housing. Two-and-a-half years ago, a lottery opened for 109 units for those earning 40, 60, and 130 percent of the area median income, and it looks like some of those on the higher end of the spectrum are newly available, as another lottery is open for 16 middle-income units. The glass tower in Midtown East was designed by Handel Architects and is a quick walk to Grand Central, the UN, and Midtown. Plus, it's got a ton of great amenities.
Find out if you qualify
37 middle-income apartments available at resort-like rental in Long Island City, from $1,990/month

Rendering by NEAT Agency

October 2, 2020

37 middle-income apartments available at resort-like rental in Long Island City, from $1,990/month

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A housing lottery launched this week for 37 middle-income apartments at a new, amenity-packed rental in Long Island City, Queens. Dubbed The Cove and located at 43-12 Hunter Street, the 18-story tower contains 123 apartments and boasts ground-floor retail, an outdoor roof terrace, a game room, a library, and a fitness center. Qualifying New Yorkers earning 130 percent of the area median income can apply for the units, which include $1,990/month studios, $2,345/month one-bedrooms, and $3,072/month two-bedrooms.
Do you qualify?
Lottery opens for 34 units at new Coney Island rental one block from the beach, from $1,700/month

Photo of Coney Island by Shinya Suzuki on Flickr

September 29, 2020

Lottery opens for 34 units at new Coney Island rental one block from the beach, from $1,700/month

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The city is now accepting applications for 34 middle-income apartments in a new 20-story rental in Coney Island located just one block away from the beach. The Sea Breeze Tower, located at 271 Breeze Avenue, contains 115 units and sits across the street from the Asser Levy Park, with the beach and landmarked Riegelmann Boardwalk just a five-minute walk away. Qualifying New Yorkers earning 130 percent of the area median income can apply for the apartments, which range from $1,700/month studios to $2,950/month three-bedrooms.
Find out if you qualify
Apply for 28 middle-income units in Prospect Lefferts Gardens, from $2,000/month

Photo via CityRealty

September 24, 2020

Apply for 28 middle-income units in Prospect Lefferts Gardens, from $2,000/month

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An affordable housing lottery has launched for those earning 130 percent of the area median income. There are 28 units up for grabs at 50 Clarkson Avenue, a new Prospect Lefferts Gardens rental with convenient amenities like a gym, a dog-washing station, and a parking garage. The available units include $2,000/month studios, $2,150/month one-bedrooms, and $2,500/month two-bedrooms.
See if you qualify
Lottery launches for 185 affordable apartments at Long Island City’s Hunter’s Point South

Rendering via TF Cornerstone

September 23, 2020

Lottery launches for 185 affordable apartments at Long Island City’s Hunter’s Point South

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A year-and-a-half ago, developer TF Cornerstone broke ground on their two-building, 1,194-unit project at Hunter's Point South, located along the East River in Long Island City. Anchored by a new half-acre public park, the pair of ODA-designed towers will be 60 percent affordable. Today, a lottery launched for 185 of these low- and middle-income units, available to those earning 50, 130, and 165 percent of the area median income. The available homes range from $698/month studios to $2,704/month two-bedrooms.
See if you qualify
35 mixed-income apartments up for grabs at new East Williamsburg rental, from $924/month

Photo by Korye Logan on Flickr

September 18, 2020

35 mixed-income apartments up for grabs at new East Williamsburg rental, from $924/month

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Applications are now being accepted for 35 mixed-income apartments at a new apartment building in East Williamsburg. Located at 222 Johnson Avenue, the seven-story rental is located just one block from the L train and is surrounded by some of Brooklyn's best restaurants and entertainment venues. Qualifying New Yorkers earning 60, 125, 130 percent of the area median income can apply for the units, ranging from $924/month studios to $2,876/month two-bedrooms.
Find out if you qualify
NY Botanical Garden and Douglaston reach deal on ground leases at Bronx affordable housing project

Courtesy of Douglaston Development

September 14, 2020

NY Botanical Garden and Douglaston reach deal on ground leases at Bronx affordable housing project

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Plans to bring hundreds of new affordable apartments for seniors and low-income families in the Bronx are moving forward. The New York Botanical Garden and Douglaston Development this week closed on two separate 99-year ground leases at 2856 Webster Avenue and 410 Bedford Park Boulevard, which will hold a two-building, 100 percent affordable development. Located just a block from the Botanical Garden, the project includes a new 12,000-square-foot Cherry Valley Marketplace store on the ground floor. The existing Cherry Valley grocery store, located at the site of the project, will remain open throughout construction.
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37 middle-income units available at new Brooklyn rental with rooftop movie screen, from $2,370/month

Courtesy of Aufgang Architects

August 20, 2020

37 middle-income units available at new Brooklyn rental with rooftop movie screen, from $2,370/month

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Applications are now being accepted for 37 middle-income units at a new rental in Brooklyn. Located on the Clinton Hill-Fort Greene border, 810 Fulton Street (also known as 475 Clermont Avenue) rises 12 stories and contains 363 apartments. The building boasts a number of amenities, including a parking garage, children's playroom, fitness center, and a large landscaped rooftop with grills, a catering kitchen, and an outdoor movie theater. New Yorkers earning 130 percent of the area median income can apply for the apartments, ranging from a $2,370/month studio to a $3,063/month two-bedroom.
Find out if you qualify
Lottery launches for 129 apartments at South Bronx luxury rental, from $2,150/month

All images courtesy of EXR Realty/The Arches

August 14, 2020

Lottery launches for 129 apartments at South Bronx luxury rental, from $2,150/month

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A housing lottery launched on Friday for 129 middle-income units at a new rental project in the South Bronx. The Arches, a pair of 25-story towers on the Harlem River, claims to be the first luxury residential development in Mott Haven, boasting amenities like a landscaped rooftop, indoor movie theater, and fitness center. Qualifying New Yorkers earning 130 percent of the area median income can apply for the units, which include $2,150/month studios, $2,246/month one-bedrooms, and $2,730/month two-bedrooms.
Find out if you qualify
8 middle-income units available at new Bed-Stuy rental, from $2,156/month

The recently reopened Nostrand Avenue LIRR station. Photo: Metropolitan Transportation Authority/Patrick Cashin via Flickr cc

August 12, 2020

8 middle-income units available at new Bed-Stuy rental, from $2,156/month

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The recently reopened Nostrand Avenue LIRR station. Photo: Metropolitan Transportation Authority/Patrick Cashin via Flickr cc On the border of Bed-Stuy and Crown Heights, a new rental building at 570 Nostrand Avenue is accepting applications for eight middle-income apartments. The $2,156/month studios, $2,245/month one-bedrooms, and $2,710/month two-bedrooms are available to households earning 130 percent of the area median income. The building has washer/dryers in the units, and is conveniently located to three major subway lines and the LIRR, as well as to all the cool restaurants and bars along Franklin Avenue.
Find out if you qualify
Target to open at major mixed-use development in Harlem

BRP Companies

August 12, 2020

Target to open at major mixed-use development in Harlem

By
A deal to bring the National Urban League back to Harlem was reached last month as part of a mixed-use development project planned for 125th Street. In addition to affordable housing, office space for nonprofits, and the city's first museum dedicated to civil rights, the $242 million project, known as the Urban League Empowerment Center, includes a new 44,000-square-foot Target, as the New York Post first reported.
Get the details
NYC financed over 30,000 affordable homes this fiscal year

Co-op City’s 15,000 apartments will remain affordable for another three decades; Photo by David L Roush on Wikimedia

August 7, 2020

NYC financed over 30,000 affordable homes this fiscal year

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Co-op City's 15,000 apartments will remain affordable for another three decades; Photo by David L Roush on Wikimedia The city has financed 30,023 affordable homes in the fiscal year 2020, with more than half of the homes serving families earning less than $52,000, Mayor Bill de Blasio announced on Wednesday. Of the homes financed, 23,520 were preserved and 6,503 were new construction. The milestone comes as the mayor's ambitious plan to preserve and build 300,000 affordable homes by 2026 is facing delays thanks to the pandemic, which has forced the city to cut funding for new affordable housing projects.
More here
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