Affordable Housing

Applications are currently being accepted to replenish the waitlist for moderate-income apartments at two Long Island City buildings. Located across from the newly opened Hunter's Point South Park, the towers at 1-50 50th Avenue and 1-55 Borden Avenue were developed in 2013 as part of the neighborhood's waterfront redevelopment, with a majority of the apartments set aside low- and middle-income households. But apartments available through the current waitlist are for households earning between $104,538 and $278,300 annually with units ranging from a $2,992/month one-bedroom to a $5,183/month three-bedroom. In 2017, the median household income in Queens was just over $64,500 per year.
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Affordable Housing

Lottery opens for 16 units from $2,100/month across from Bushwick’s Maria Hernandez Park

Image: Google street view.

August 15, 2019

Lottery opens for 16 units from $2,100/month across from Bushwick’s Maria Hernandez Park

A lottery has opened for 16 not-very-affordable units in a newly-constructed building across the street from Maria Hernandez Park in Bushwick. The building at 260 Knickerbocker Avenue is the first high rise adjoining the park. Qualifying New Yorkers earning a whopping 130 percent of the area median income can apply for the available units, including $2,100/month one-bedrooms and $2,300/month two-bedrooms.
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Affordable Housing

LPC approves 14-story complex behind East New York’s landmarked Empire State Dairy building

Revised rendering from August by Dattner Architects via LPC

August 14, 2019

LPC approves 14-story complex behind East New York’s landmarked Empire State Dairy building

Update 8/14/19: The Landmarks Preservation Commission on Tuesday approved Dattner Architects' plan to construct a 14-story building behind the Empire State Dairy. According to Brownstoner, the architects removed the cantilever element from the project's previous design and plan to preserve the chimney, instead of demolishing it. The new tower will replace two existing, but not landmarked, buildings, and include over 330 affordable apartments. An affordable housing developer on Tuesday presented plans to the Landmarks Preservation Commission for a new building that would cantilever over the Empire State Dairy building in East New York. HP Brooklyn Dairy Housing Development Fund Company, part of the nonprofit Housing Partnership Development Corporation, wants to construct a 14-story tower on top of the early 20th-century factory, located at 2840 Atlantic Avenue. Landmarked in 2017, the factory is notable for its architectural style and decorative tile murals. Dattner Architects created the designs for the proposed complex shown in the new renderings. The new construction would be a major change for the property, which was purchased by the developer for $16.75 million last year.
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114 mixed-income apartments up for grabs in Clinton Hill, from $896/month

Rendering of Athena North courtesy of Marvel Architects

August 14, 2019

114 mixed-income apartments up for grabs in Clinton Hill, from $896/month

A lottery opened this week for 114 mixed-income units at buildings that border the neighborhoods of Clinton Hill and Prospect Heights in Brooklyn. The newly constructed buildings are located at 909 Atlantic Avenue and 1043 Fulton Street, dubbed Athena South and Athena North, respectively. The affordable housing comes as part of the Hudson Companies' redevelopment of the Brooklyn Heights branch of the Brooklyn Public Library, which sits in the developer's new 38-story tower, One Clinton. Qualifying New Yorkers earning 60, 80, and 130 percent of the area median income can apply for the units, ranging from a $896/month studios to $2,952/month three-bedrooms.
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Affordable Housing

Thousands of Lower Manhattan tenants may be owed six years’ worth of back rent

Via Flickr

August 12, 2019

Thousands of Lower Manhattan tenants may be owed six years’ worth of back rent

In June, the state's Court of Appeals found that apartments at two Lower Manhattan buildings had been unlawfully deregulated by landlords who had collected millions of dollars in benefits under a 1995 tax program. Now, as The City reports, thousands of former or current tenants in the area may be owed up to six years in back rent from landlords who received the tax breaks for years.
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City seeks proposals to develop two East Harlem sites with 350 affordable units and community space

Park Avenue between East 118th and East 119th Streets (top); image via East Harlem Neighborhood Plan.

August 9, 2019

City seeks proposals to develop two East Harlem sites with 350 affordable units and community space

The city's Department of Housing Preservation and Development (HPD) on Thursday issued a request for proposals to develop two city-owned East Harlem sites. The new developments are to include 350 units of affordable housing as well as retail and cultural and community space. The RFPs are part of the East Harlem Housing Plan, which was created with community input received through the East Harlem Neighborhood Planning Process.
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Real estate investors buy $1.2B worth of NYC market-rate rentals with plan to make them affordable

The River Crossing building in Harlem; Photo by CTC Creative

July 31, 2019

Real estate investors buy $1.2B worth of NYC market-rate rentals with plan to make them affordable

A group of real estate investors is buying 2,800 New York City rental apartments for $1.2 billion. But instead of keeping with the industry's custom of converting affordable units into market-rate homes, L+M Development Partners and its partner Invesco Real Estate plan on returning a chunk of those units to long-term regulation. The venture involves the purchase of five former Mitchell-Lama buildings in Manhattan, with four in Harlem and one on Roosevelt Island.
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Chelsea’s first passive house building launches affordable lottery with units from $1,169/month

Rendering via ZH Architects

July 31, 2019

Chelsea’s first passive house building launches affordable lottery with units from $1,169/month

As Cityrealty reported, construction topped out at Flow Chelsea at 211 West 29th Street last fall; the 24-story building's distinguished stone facade and framed windows are all the way up, and as work winds down, an affordable lottery has been announced for 17 of the building's 55 units. Individuals and households earning 70 to 130 percent of the area median income are eligible to apply for studio through three-bedroom apartments with rents that range from $1,169/month for studios to $3,051/month for a two-bedroom. As Chelsea's median rent ranges from $3,112/month for studios to $7,295/month for two-bedrooms (figures per CityRealty listings), this is quite a deal.
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NYC financed a record number of affordable homes for seniors and homeless New Yorkers this fiscal year

Via Creative Commons

July 31, 2019

NYC financed a record number of affordable homes for seniors and homeless New Yorkers this fiscal year

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?

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

Rendering courtesy of Reside New York

July 12, 2019

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