Affordable Housing

New York City added a record number of supportive housing units and affordable homes for homeless New Yorkers and seniors this fiscal year, Mayor Bill de Blasio announced on Tuesday. While the total number of affordable units preserved or created is down to 25,299 this fiscal year from last year's 32,444, the city said it still expects to meet the mayor's goal of creating 300,000 affordable homes by 2026.
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How much do you need to earn to afford a two-bedroom in NYC?

Via Pexels

July 26, 2019

How much do you need to earn to afford a two-bedroom in NYC?

Manhattan requires the second-highest income in the country to afford an average two-bedroom apartment. A new report from SmartAsset analyzed how much a household needs to make in order to afford rent in the 25 largest cities in the United States. In Manhattan, New Yorkers would need to earn an annual salary of at least $162,857 to afford the average two-bedroom rent in the borough, currently around $3,800 per month.
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Development with affordable housing and city’s first civil rights museum gets the green light in Harlem

Rendering courtesy of Empire State Development

July 22, 2019

Development with affordable housing and city’s first civil rights museum gets the green light in Harlem

New York’s first civil rights museum will soon land in Harlem, as the city pushes forward with a new $260 million development near the Adam Clayton Powell office building on 125th Street. Empire State Development is planning a 17-story mixed-use building that, in addition to the museum, will house the headquarters of civil rights nonprofit National Urban League (which was founded in the neighborhood in 1910 and currently has offices downtown), office space (including below-market-rate for Harlem-based nonprofits), retail, and 170 affordable apartments targeted to New Yorkers making 30-80 percent of the area median income.
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Construction of affordable housing complex on former juvenile jail site in Hunts Point set to begin

Rendering courtesy of WXY Architecture + Urban Design and Body Lawson Associates

July 19, 2019

Construction of affordable housing complex on former juvenile jail site in Hunts Point set to begin

The first phase of a project that will bring more than 700 units of affordable housing to the Bronx neighborhood of Hunts Point will get underway in the coming weeks, developers announced Tuesday. Dubbed the Peninsula, the mixed-use complex will rise on the site of the former Spofford Juvenile Detention Center, which closed in 2011 after the city recognized its awful conditions and treatment of children. The first phase, costing about $121.5 million, includes the construction of 183 affordable units by 2021.
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First NYCHA federal oversight report recommends using drones to help with building inspections

Via Wikimedia

July 19, 2019

First NYCHA federal oversight report recommends using drones to help with building inspections

Independent federal monitoring of the New York City Housing Authority (NYCHA) began this year, and the first resulting quarterly analysis is expected to be released as early as Monday, POLITICO reports. The quarterly analysis will provide a summary of progress made to date in addressing issues that have long plagued the public housing authority such as lead paint, mold, broken heating systems and shabby kitchens and bathrooms. According to sources familiar with its content, the report also contains the unexpected suggestion of using drones to inspect building rooftops and facades.
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NY real estate groups file lawsuit challenging new rent laws, calling them ‘unconstitutional’

Via Creative Commons

July 16, 2019

NY real estate groups file lawsuit challenging new rent laws, calling them ‘unconstitutional’

A group of real estate groups and individual property owners filed a lawsuit Monday, challenging newly passed laws that strengthen rent and tenant protections in New York City. Last month, Democratic officials in Albany passed a landmark package of bills that close loopholes that have allowed landlords to increase rents and deregulate stabilized apartments. The lawsuit, filed by the Rent Stabilization Association (RSA), the Community Housing Improvement Program (CHIP), and seven individual property owners, claims that the laws, as well as the entire rent regulation system, violate the 14th and Fifth Amendments of the U.S. Constitution, as reported by The Real Deal.
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Newly uncovered report finds ties between city’s affordable housing policy and segregation

Image via Wiki Commons

July 16, 2019

Newly uncovered report finds ties between city’s affordable housing policy and segregation

Following years of efforts to keep a report about segregation in the city’s affordable housing lottery system under wraps, a federal court ruling finally led to the report’s release on Monday. As the New York Times first reported, the findings, written by Queens College sociology professor Andrew A. Beveridge, found unequivocal racial disparities at every stage of the process and in every community district where a majority of residents are of one race or ethnicity.
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As plans for 5 WTC push forward, long-time FiDi residents seek more involvement in the process

Image via Flickr

July 15, 2019

As plans for 5 WTC push forward, long-time FiDi residents seek more involvement in the process

Last month, Gov. Andrew Cuomo put out a request for proposals for 5 World Trade Center, the last remaining site at World Trade Center’s southern end and the former home of a Deutsche Bank Building that was severely damaged during the September 11 attacks. The RFP seeks commercial or mixed-use proposals for a roughly 900-foot-tall building, that may include a residential component. As the process continues to unfold—and rapidly, with a site tour for interested developers scheduled on July 22—local residents worry that their voices are being left out, as Daily News reported.
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Blackstone halts improvement work on Stuy Town apartments following rent law changes

Via StuyTown Property Services

July 15, 2019

Blackstone halts improvement work on Stuy Town apartments following rent law changes

As 6sqft reported last month, the state recently passed legislation containing landmark changes to rent regulations that were set to expire, significantly strengthening New York’s rent laws and tenant protections. Private-equity giant Blackstone Group, who purchased the massive 11,000+ unit Stuyvesant Town and Peter Cooper Village apartment complex for $5.5 billion in 2015, is among landlords who say the new rent regs will keep them from making important property upgrades, Crain's reports. Blackstone says it is pausing apartment renovations and other planned work at Stuy Town and Peter Cooper Village as a result of rule changes which dramatically limit the allowable rent increases landlords can charge as a result of renovations and repairs.
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Affordable Housing

Lottery opens for a handful of middle-income units in East Williamsburg, from $1,689/month

If you don't mind waiting out the L train "slowdown," this opportunity might be for you. The lottery is now open for eight newly constructed, middle-income units at 150 Meserole Street in Williamsburg, just two blocks from the Montrose Avenue station. The apartments in the brand-new building are available to households earning 130 percent of the area median income and range from $1,689/month for a studio to $2,189/month for two-bedrooms.
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Affordable Housing

Lottery opens for 93 affordable units at Bedford Arms complex in Crown Heights, from $590/month

image via Google Earth

July 11, 2019

Lottery opens for 93 affordable units at Bedford Arms complex in Crown Heights, from $590/month

Applications are now being accepted in the lottery for 93 newly-constructed rental apartments at Bedford Arms at 1336 Bedford Avenue, Crown Heights, Brooklyn. The new building's 93 units are available to households earning between 40 percent and 165 percent of the area median income, ranging from $590/month one-bedrooms to $3,060/month three-bedrooms.
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Affordable Housing

328 new affordable apartments available at Compass III residences in the Bronx from $331/month

The larger Compass Residences via Dattner Architects

July 11, 2019

328 new affordable apartments available at Compass III residences in the Bronx from $331/month

The lottery has just launched for 328 newly-constructed Compass III residences at 1560 Boone Avenue, Crotona Park East and 101 East 173rd Street in Mount Hope, Bronx. In 2011 the West Farms Redevelopment Plan for the 17-acre, 11-block former industrial area in Crotona Park East by Dattner Architects became the largest Bronx rezoning ever passed. When complete, the complex will offer 1,325 units of affordable housing along with retail and community facilities. The new building's 328 units are available to households earning between 30 percent and 100 percent of the area median income, ranging from $331/month studios to $1,921/month three-bedrooms.
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Affordable Housing

Waitlist opens for middle-income units steps from Hudson Yards, from $1,405/month

Hudson Crossing; via Equity Residential

July 9, 2019

Waitlist opens for middle-income units steps from Hudson Yards, from $1,405/month

A waitlist has opened for middle-income apartments at a building on Manhattan's west side. Located at 400 West 37th Street, Hudson Crossing sits between 9th and 10th Avenues, just two blocks from the site of Hudson Yards. Qualifying New Yorkers earning 80 percent of the area median income can apply for the apartments which range from a $1,405/month studio to a $2,174/month two-bedroom apartment. According to CityRealty, available market-rate studio and two-bedroom apartments at the building are currently listed for $2,936/month and $5,215/month, respectively.
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Affordable Housing

Apply for 60 affordable apartments in the heart of Harlem, from $562/month

Photo via Flickr cc

July 8, 2019

Apply for 60 affordable apartments in the heart of Harlem, from $562/month

By Dana Schulz

Just three blocks north of bustling 125th Street, a brand new all-affordable building known as the Frederick has just opened the lottery for 59 of its 75 units. Ranging from $562/month studios to $2,158/month three-bedrooms, the mixed-income apartments are available to households earning 40, 50, 60, and 110 percent of the area median income. In addition to being right near local landmarks such as the Apollo and the Red Rooster, the 15-story building at 2395 Frederick Douglass Boulevard is just a block away from St. Nicholas Park and a few blocks from the A, C, B, and D trains.
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Affordable Housing

City Council approves Staten Island’s Bay Street Corridor rezoning with 1,800 new residential units

Rendering via Department of City Planning

June 27, 2019

City Council approves Staten Island’s Bay Street Corridor rezoning with 1,800 new residential units

The New York City Council voted 44-2 to approve Staten Island's Bay Street Corridor Rezoning plan Wednesday, SILive reports. As 6sqft previously reported, the city proposed to convert the area between Tompkinsville Park and Tappan Park from manufacturing to residential while constructing 1,800 new units that would house 6,500 residents in the area. About a quarter of the new residences would be income-restricted affordable housing through the city’s Mandatory Inclusionary Housing (MIH) program. The rezoning plan has drawn opposition from some community groups and Borough President Jimmy Oddo on the grounds that it would add to the area's traffic and transportation woes.
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Affordable Housing

Plan approved to replace Elizabeth Street Garden with affordable senior housing development

Rendering courtesy of Curtis + Ginsberg Architects

June 27, 2019

Plan approved to replace Elizabeth Street Garden with affordable senior housing development

The New York City Council on Wednesday unanimously approved a plan to replace a community garden in Little Italy with an affordable housing complex for seniors. The project, first introduced by Council Member Margaret Chin in 2012, will rise on the site of Elizabeth Street Garden, a quirky green space created in 1991 by Allan Reiver, who owns the gallery next to the garden. The complex, dubbed Haven Green, will include 123 affordable apartments and ground-floor retail. Originally, developers agreed to keep 8,000 square feet of public space at the site, but on Wednesday Chin said she reached an agreement to incorporate more open space at Haven Green through a courtyard next door.
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City overhauls Mitchell-Lama middle income housing program with increased oversight

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June 27, 2019

City overhauls Mitchell-Lama middle income housing program with increased oversight

Citing bribery, fraud and other abuses and years-long waiting lists, New York City’s Department of Housing Preservation and Development has restructured the Mitchell-Lama program, one of the New York City's oldest middle-income housing initiatives, the Wall Street Journal reports. Included in the restructuring effort will be the integration of the program's application process into Housing Connect, the city's existing affordable housing lottery, within the next year.
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Rent Guidelines Board approves modest increases for rent-stabilized apartments

Image by Jorbasa Fotografie / Flickr

June 26, 2019

Rent Guidelines Board approves modest increases for rent-stabilized apartments

In front of a packed auditorium at Cooper Union’s Great Hall last night, the Rent Guidelines Board voted on rent hikes for the city’s one million rent-stabilized apartments, the New York Times reports. The board voted 5-4 and approved a 1.5% increase on one-year leases and 2.5% on two-year leases. The new rents will kick in on October 1.
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Cuomo releases RFP for 5 World Trade Center, may include 900-foot tower and affordable housing

Image via flickr cc

June 26, 2019

Cuomo releases RFP for 5 World Trade Center, may include 900-foot tower and affordable housing

Earlier this month, the Port Authority and the Lower Manhattan Development Corporation arrived at a deal to release a request for proposals for the development of 5 World Trade Center, Crain's reported. The two state agencies had been locked in negotiations over how to develop the last site, which lies at the World Trade Center's southernmost end, surrounded by Washington, Albany and Greenwich streets, for years; as a result, the site has remained in limbo. Today, Governor Cuomo officially released a Request for Proposals for the site, which allows for either commercial or mixed-use proposals for a roughly 900-foot-tall building. Any proposals putting forth a residential component must include "onsite affordable units that comply with New York City's Mandatory Inclusionary Housing program," according to a press release.
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Waitlist opens for middle-income apartments at a Tribeca rental, from $2,832/month

Via Flickr

June 24, 2019

Waitlist opens for middle-income apartments at a Tribeca rental, from $2,832/month

Applications are currently being accepted to replenish the wait list for middle-income apartments at a Tribeca rental building. The 12-story tower at 89 Murray Street, dubbed Washington Mews, was constructed in 2007 and designed by Skidmore, Owings & Merrill's Mustafa Abadan. Qualifying New Yorkers must earn 175 percent of the area median income to apply for the $2,832/month two-bedrooms and $3,213/month three-bedrooms. While these prices rightfully seem steep, market rate two-bedrooms at the same building currently start at just under $6,000/month.
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Affordable Housing

Live in an affordable Bronx building with a rooftop garden and greenhouse, from $883/month

Rendering of the Bedford Green House courtesy of Edelman Sultan Knox Wood/Architects LLP and Hollister Construction Services

June 21, 2019

Live in an affordable Bronx building with a rooftop garden and greenhouse, from $883/month

A Bronx affordable housing development with lots of green perks launched a lottery this week for 46 units. Dubbed the Bedford Green House, the 13-story building at 2865 Creston Avenue offers its residents unique amenities that center around healing through nature, a concept called biophilic design. Bedford Green House, located within the Bedford Park neighborhood, will have a rooftop aquaponics greenhouse where residents will be able to raise fish, grow fresh produce, and participate in healthy cooking demos. Qualifying New Yorkers earning 60 percent of the area median income can apply for the units, ranging from $883/month studios to a $1,148/month two-bedrooms.
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Low-income senior housing lottery opens for 83 units at Perkins Eastman-designed building in Mott Haven

Rendering of Mill Brook Terrace courtesy of NYCHA

June 20, 2019

Low-income senior housing lottery opens for 83 units at Perkins Eastman-designed building in Mott Haven

By Dana Schulz

As 6sqft recently reported, "More than 17 percent of New Yorkers are over the age of 60." Recognizing the need to provide adequate affordable housing for this population, last year, the city committed $500 million to build 1,000 new apartments for low-income seniors. Though the plan has moved slower than hoped, there are new opportunities taking shape, such as this lottery for 83 low-income apartments in the Mott Haven section of the Bronx. The one-bedroom units are available to one- or two-person households in which at least one member is 62 years of age or older, who qualify for NYCHA's Section 8 program, and who earn between $0 and $42,700 annually. Those who are eligible will pay 30 percent of their income to live in the building at 570 East 137th Street, a new project from Perkins Eastman.
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Affordable Housing

New data from Comptroller Scott Stringer shows that affordability is still declining in New York

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June 20, 2019

New data from Comptroller Scott Stringer shows that affordability is still declining in New York

City Comptroller Scott Stringer has released an updated Affordability Index, an annual look at how the rising costs of basic necessities like housing, transportation, healthcare, and childcare, are squeezing the budgets of New York City households and leaving them with fewer savings. Like last year, the data is far from reassuring, demonstrating that expense costs are rising far more rapidly than incomes. In 2005, the average middle-income single adult had 24 percent of their income left over after expenses. In 2017, that dropped to only 15 percent.
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Waitlist opens for ‘affordable’ units at Pacific Park’s modular tower, from $2,025/month

Via Flickr

June 20, 2019

Waitlist opens for ‘affordable’ units at Pacific Park’s modular tower, from $2,025/month