Affordable Housing

Harris proposes 3 million new homes, $25K in down payment assistance

Image courtesy of Wake Technical Community College on Flickr

August 20, 2024

Harris proposes 3 million new homes, $25K in down payment assistance

Vice President Kamala Harris last week released several proposals to lower housing costs for Americans if elected. During a speech in North Carolina on Friday, Harris outlined her plans to construct three million new housing units, expand tax incentives for developers who build affordable rentals, encourage the construction of starter homes for first-time homebuyers, and provide $25,000 in down-payment assistance for first-time buyers.
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Landlords register more rent-stabilized units to avoid fines

Image courtesy of Ruoyu Li on Unsplash

August 19, 2024

Landlords register more rent-stabilized units to avoid fines

By Aaron Ginsburg

Thousands more rent-stabilized apartments have been filed with the state of New York this year after a new law passed last year that fines landlords who fail to register units, as The City first reported. So far in 2024, roughly 919,500 apartments have been registered, up from between 750,000 and 800,000 registrations in recent years.
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Luxury rental near Fordham University opens lottery for 50 apartments, from $2,200/month

Rendering courtesy of the NYC Department of Housing Preservation and Development

August 19, 2024

Luxury rental near Fordham University opens lottery for 50 apartments, from $2,200/month

By Aaron Ginsburg

A housing lottery has opened for 50 mixed-income apartments at a new luxury rental near Fordham University in the Bronx. Located at 4720 3rd Avenue in Belmont, the Arabella offers residents brand-new units and modern amenities, all in a prime location. New Yorkers earning 80 and 130 percent of the area median income can apply for the units, priced from $2,206/month for one-bedroom apartments to $3,950/month for three bedrooms.
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Affordable Housing

Converted 19th-century St. John’s College building in Bed-Stuy opens lottery, from $2,495/month

All renderings courtesy of Woods Bagot

August 13, 2024

Converted 19th-century St. John’s College building in Bed-Stuy opens lottery, from $2,495/month

By Aaron Ginsburg

A 19th-century Romanesque Revival building in Bed-Stuy originally home to St. John's College is now a luxury rental building. The Hartby, located on the corner of Willoughby and Lewis Avenues, is an adaptive reuse conversion of the former school, designed in the 1870s by Patrick Keely, a prolific architect for the Catholic Church. Developed by Property Resources Corporation and designed by Woods Bagot, the Hartby opened a housing lottery for 62 rent-stabilized apartments this week. New Yorkers earning 130 percent of the area median income can apply for the residences, priced from $2,495/month for studios, $2,795/month for one-bedroom units, and $3,939/month for two-bedroom units.
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Hudson Yards high-rise opens lottery for 114 apartments, from $1,655/month

Renderings courtesy of Conway + Partners

August 9, 2024

Hudson Yards high-rise opens lottery for 114 apartments, from $1,655/month

By Aaron Ginsburg

A new luxury rental in Hudson Yards opened a lottery this week for 114 mixed-income apartments. Rising 46 stories at 550 Tenth Avenue, the Maybury offers 453 residences with incredible views and 20,000 square feet of indoor and outdoor amenities, including a rooftop sky lounge. New Yorkers earning 70 and 125 percent of the area median income can apply for the units, priced from $1,655/month for studios to $3,861/month for two bedrooms.
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Affordable Housing

Adams announces more funding to help NYC homeowners build accessory dwelling units

Credit: Ed Reed/Mayoral Photography Office on Flickr

August 6, 2024

Adams announces more funding to help NYC homeowners build accessory dwelling units

By Aaron Ginsburg

New York City will expand a pilot program that helps homeowners build accessory dwelling units (ADUs) on their properties. Mayor Eric Adams this week announced an additional $4 million in state funding for the pilot program "Plus One ADU," launched last November. With the additional funds, the program will provide $395,000 to up to 35 homeowners to build or convert an ADU on their property.
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Live in a new Upper East Side rental tower, from $1,655/month

Renderings courtesy of the NYC Department of Housing Preservation and Development

August 6, 2024

Live in a new Upper East Side rental tower, from $1,655/month

By Aaron Ginsburg

Here's a chance to live affordably in one of New York City's most desirable neighborhoods. A housing lottery opened at 300 East 83rd Street in the Yorkville section of the Upper East Side. The 22-story luxury rental, dubbed the Duchess, offers apartments with high-end finishes and amenities like a fitness center, rooftop terrace, and more. New Yorkers earning 70 and 130 percent of the area median income can apply for the units, priced from $1,655/month for studios to $4,020/month for two bedrooms.
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Affordable Housing

NYC Council loses lawsuit over housing voucher expansion

Photo courtesy of Boran Pang on Unsplash

August 2, 2024

NYC Council loses lawsuit over housing voucher expansion

By Aaron Ginsburg

A state judge on Thursday rejected a lawsuit from the New York City Council that sought to force Mayor Eric Adams to expand a housing voucher program. Manhattan Supreme Court Judge Lyle E. Frank on Thursday ruled the City Council lacks the legal authority to expand the program, a 2023 law originally vetoed by Adams, The City reported. The judge sided with Adams, stating the Council's bill was invalid, "preempted by the state's social services law," and the council had no authority to expand the program.
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In heart of Harlem, new rental tower opens lottery for 117 affordable apartments, from $788/month

Photo of Marcus Garvey Village. © Ondel Hylton

August 2, 2024

In heart of Harlem, new rental tower opens lottery for 117 affordable apartments, from $788/month

By Aaron Ginsburg

A housing lottery has launched for 117 affordable apartments at a new rental tower in the heart of Harlem. Located at 212 West 124th Street within the Marcus Garvey Village complex, the 17-story building is 100 percent affordable to low- and moderate-income residents and offers state-of-the-art amenities and modern homes. New Yorkers earning 40, 60, and 70 percent of the area median income can apply for the units, priced from $788/month for studios to $2,232/month for two bedrooms.
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Affordable Housing

August 1, 2024

Vacant East Village church to become 500+ affordable housing units

By Aaron Ginsburg

A former Catholic church in the East Village is set to become a residential development with more than 500 affordable housing units. The Archdiocese of New York on Wednesday announced the Parish of St. Brigid-St. Emeric sold the vacant church and school campus at 181 Avenue D to a joint venture led by Community Access, Spatial Equity, Duvernay + Brooks, and Cooper Square Committee. The project will include homes for seniors and formerly homeless individuals, including those with special needs who qualify for supportive services.
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Affordable Housing

Controversial Clinton Hill migrant shelter may become 600+ apartments

By Aaron Ginsburg

A controversial migrant center in Clinton Hill could be converted into a new mixed-use complex with hundreds of apartments and commercial space. RXR Realty on Friday filed plans with the Department of City Planning (DCP) to transform a block-long campus of 10 former manufacturing buildings at 47 Hall Street into a mixed-use campus with 611 apartments as Crain's New York first reported. Since last July, portions of the site have served as a temporary humanitarian emergency response and relief center, currently home to around 3,000 asylum seekers.
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NYC financed the most new affordable homes on record this fiscal year

Photo courtesy of Joshua Armstrong on Unsplash

July 30, 2024

NYC financed the most new affordable homes on record this fiscal year

By Aaron Ginsburg

New York City has produced a record-breaking number of affordable housing units for back-to-back years, Mayor Eric Adams announced Monday. In the fiscal year 2024, the city financed 28,944 affordable and public housing units through new construction and preservation efforts, the highest for any fiscal year. The mayor also touted his administration's effort to move a record number of homeless New Yorkers into permanent housing, streamline the housing lottery system, and build the most supportive homes and homes for homeless New Yorkers in the city's history.
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Affordable Housing

Affordable senior housing project next to Google’s new NYC headquarters moves forward

Rendering by COOKFOX Architects

July 29, 2024

Affordable senior housing project next to Google’s new NYC headquarters moves forward

By Aaron Ginsburg

An affordable senior housing development in the West Village is moving forward. Jonathan Rose Companies and Atlas Capital Group last week announced they closed on financing for 570 Washington Street, a new development with 175 units of housing for seniors earning 50 percent of the area median income or less. Located next to Google's new Hudson Square headquarters, 570 Washington is the affordable housing component of the two-tower project 80 Clarkson, which will include over 100 luxury condos.
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56 affordable apartments available at luxury Williamsburg rental, from $1,757/month

Renderings courtesy of the NYC Department of Housing Preservation and Development

July 26, 2024

56 affordable apartments available at luxury Williamsburg rental, from $1,757/month

By Aaron Ginsburg

Applications are being accepted for 56 below-market-rate apartments at a new luxury rental in Williamsburg. The nine-story building at 597 Grand Street offers residents spacious units with modern amenities, like a fitness center and rooftop terrace. New Yorkers earning 80 and 130 percent of the area median income can apply for the units, priced from $1,757/month for studios to $3,963/month for two bedrooms.
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Affordable Housing

Former Chelsea prison to become 124 affordable and supportive apartments

Renderings courtesy of Gov. Kathy Hochul’s office

July 22, 2024

Former Chelsea prison to become 124 affordable and supportive apartments

By Aaron Ginsburg

A former state prison in Chelsea will become 124 permanently affordable apartments. Gov. Kathy Hochul on Monday unveiled Liberty Landing, the proposal selected to redevelop Bayview Correctional Facility at 550 West 20th Street into a housing project with apartments for low-income New Yorkers and formerly incarcerated individuals. The women's prison closed in 2012 after damage from Hurricane Sandy and has sat vacant ever since.
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41-story tower on Greenpoint waterfront opens lottery for 115 apartments, from $1,782/month

Rendering courtesy of NYC Department of Housing Preservation and Development

July 22, 2024

41-story tower on Greenpoint waterfront opens lottery for 115 apartments, from $1,782/month

By Aaron Ginsburg

A lottery opened this week for 115 middle-income apartments in a 41-story luxury rental on the Greenpoint waterfront. Developed by Park Tower Group and Rockefeller Group, the company's first project in Brooklyn, The Dupont will offer 381 apartments, a vast majority of which will have incredible East River and Manhattan skyline views. New Yorkers earning 80 and 130 percent of the area median income can apply for the units, priced from $1,782/month for studios to $4,001/month for two-bedrooms.
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Affordable Housing

Rental at historic Crown Heights site opens lottery for 48 apartments, from $3,128/month

All renderings courtesy of Morris Adjmi Architects

July 16, 2024

Rental at historic Crown Heights site opens lottery for 48 apartments, from $3,128/month

By Devin Gannon

A lottery opened this week at a new luxury rental building on a historic site in Crown Heights. Designed by Morris Adjmi Architects, Mason Gray is a mixed-use development at 959 Sterling Place consisting of a seven-story brick building with 158 apartments. Landmarked as part of the Crown Heights Historic District, the property is home to a 19th-century Romanesque Revival complex currently occupied by the Hebron Seventh Day Adventist Church and School. Qualifying New Yorkers earning 130 percent of the area median income can apply for the apartments, priced at $3,128/month for studios, $3,345/month for one-bedrooms, and $4,000/month for two-bedrooms.
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Affordable Housing

July 9, 2024

Lottery opens for 17 co-ops on the Upper West Side, available for purchase from $174K

By Aaron Ginsburg

A housing lottery has opened for 17 apartments on the Upper West Side. Located at 165 West 80th Street, about two blocks from Central Park and the American Museum of Natural History, the five-story walk-up has 10 studios and seven one-bedroom apartments available to New Yorkers earning 120 percent of the area median income, or between $73,319 for a single person and $167,760 for a family of three. The homes are priced at $173,801 for a studio and $184,990 for a one-bedroom.
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Affordable Housing

Bronx Metro-North station rezoning plan approved by City Planning Commission

View looking north along East Tremont Avenue near Leland Avenue. Images courtesy of DCP.

July 2, 2024

Bronx Metro-North station rezoning plan approved by City Planning Commission

By Aaron Ginsburg

A plan to bring thousands of new homes and jobs around new Metro-North stations in the East Bronx is moving forward. The City Planning Commission last week voted to approve the Bronx Metro-North Station Area Plan, a rezoning effort targeting the areas around four new Metro-North stations to create roughly 7,500 new homes, 10,000 jobs, improvements to public space, and neighborhood amenities. The plan heads next to the City Council for a final vote sometime this summer.
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Lower East Side rental opens lottery for 196 affordable apartments, from $454/month

Rendering courtesy of NYC Department of Housing Preservation and Development

July 1, 2024

Lower East Side rental opens lottery for 196 affordable apartments, from $454/month

By Aaron Ginsburg

A housing lottery launched this week for 196 affordable apartments in a new rental building on the Lower East Side. Located at 165 Broome Street, the 15-story building offers tenants new residences in one of New York City's trendiest neighborhoods. New Yorkers earning 30, 50, 70, and 80 percent of the area median income, or between $18,480 for a single person and $154,080 for a household of seven, can apply for the units, which range from $454/month studios to $2,949/month for a three bedroom.
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Affordable Housing

Most NYC affordable housing built in low-income communities of color: report

Photo via Wikimedia.

June 28, 2024

Most NYC affordable housing built in low-income communities of color: report

By Aaron Ginsburg

In New York City, a disproportionate amount of new affordable housing is being built in low-income neighborhoods, according to a new report. The New York Housing Conference released on Thursday its third annual NYC Housing Tracker, revealing the city's inequitable distribution of housing production across City Council districts. Last year, Council District 17 in the South Bronx produced 1,266 units of affordable housing, more than any other district and as many as the bottom 28 districts combined. According to the report, more affordable housing is being built in lower-income, majority Black and Latinx neighborhoods.
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Inwood development with public library and 100% affordable housing opens

Image courtesy of NYPL/Jonathan Blanc

June 27, 2024

Inwood development with public library and 100% affordable housing opens

By Aaron Ginsburg

New York City this week celebrated the opening of a unique new development in Inwood that combines a public library with affordable housing. City officials on Wednesday opened The Eliza, a 14-story rental with 174 deeply affordable apartments atop a two-level New York Public Library branch. In addition to 100 percent affordable homes and a public library, the project at 4790 Broadway also includes a pre-K space, STEM learning center, and community facility.
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14,000 new homes projected for Long Island City under rezoning draft

Photo by Ruoyu Li on Unsplash

June 26, 2024

14,000 new homes projected for Long Island City under rezoning draft

By Aaron Ginsburg

The city's Department of City Planning (DCP) Director Dan Garodnick on Tuesday released the draft rezoning framework for the Long Island City Neighborhood Plan, a proposal that could create up to 14,000 new homes, including 4,000 affordable units. The proposal also includes up to nine acres of open space along the Queens waterfront, new schools, and enhancements to parks and NYCHA complexes, according to Gothamist.
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95 apartments available at luxury Downtown Brooklyn rental, from $3,317/month

All images courtesy of Fogarty Finger

June 26, 2024

95 apartments available at luxury Downtown Brooklyn rental, from $3,317/month

By Aaron Ginsburg

Applications are now being accepted for 95 middle-income units at a new luxury development in the heart of Downtown Brooklyn. Located at 15 Hanover Place, Hanover House is a 34-story mixed-use building with 314 apartments, ground-floor retail, and amenities like a landscaped rooftop, party room, and a gym. New Yorkers earning 130 percent of the area median income, or between $113,726 for a single person and $218,010 for a household of five, can apply for the apartments, priced at $3,317/month for a one-bedroom and $3,963/month for a two-bedroom.
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125 affordable apartments available at massive Morris Heights complex, from $616/month

Rendering courtesy of Marvel Architects

June 6, 2024

125 affordable apartments available at massive Morris Heights complex, from $616/month

By Aaron Ginsburg

A housing lottery launched this week for 125 affordable apartments at a huge residential complex in the Bronx. Located at 1600 Grand Avenue in Morris Heights, the 14-story building is phase one of the Starhill development, an affordable housing complex with a total of 570 affordable apartments. New Yorkers earning 30, 40, 50, 60, 70, and 80 percent of the area median income, or between $24,446 for a single person and $134,160 for a household of five, can apply for the apartments, which range from $616/month for one-bedrooms to $2,066/month two-bedrooms.
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