Affordable Housing

July 9, 2024

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

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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July 2, 2024

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

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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July 1, 2024

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

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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June 28, 2024

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

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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June 27, 2024

Inwood development with public library and 100% affordable housing opens

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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June 26, 2024

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

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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June 26, 2024

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

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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June 6, 2024

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

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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June 4, 2024

How to apply for NYC’s Section 8 voucher waitlist

The New York City Housing Authority's Section 8 housing voucher waitlist reopened on Monday for the first time in 15 years, allowing low-income families to apply for rental subsidies. The waitlist's reopening comes as New Yorkers struggle to afford the cost of living amid skyrocketing rent prices due to the city's housing crisis. Once the application period closes on June 9, NYCHA will randomly place 200,000 applications on the waitlist. As of Tuesday morning, nearly 313,000 applications were already submitted. Ahead, find out what you should know about applying for the Section 8 housing voucher waitlist, including eligibility requirements, deadlines, and waitlist preferences.
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May 29, 2024

Bed-Stuy rental with huge roof deck opens lottery for 70 units, from $1,585/month

A new rental development in Bed-Stuy with a huge 12th-floor roof deck opened a lottery for 70 below-market-rate apartments. Located at 1100 Myrtle Avenue on the border of Bushwick, the MC rises 11 stories and stretches a full block from Myrtle to Vernon Avenues. Qualifying New Yorkers earning 80 and 130 percent of the area median income, between $57,258 for a single person and $218,010 for a household of five, can apply for the apartments, priced from $1,585/month studios to $3,800/month two bedrooms.
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May 23, 2024

On Bed-Stuy-Bushwick border, lottery opens for 90 affordable units, from $486/month

Applications are now being accepted for 90 affordable apartments at a new residential development on the border of Bed-Stuy and Bushwick in Brooklyn. Located at 1510 Broadway, the eight-story building contains 108 affordable apartments and a landscaped courtyard. New Yorkers earning 30, 50, 60, and 80 percent of the area median income, or between $19,578 for a single person and $154,080 for a household of seven, can apply for the apartments, which range from $486/month studios to $2,664/month three bedrooms.
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May 21, 2024

NYCHA to reopen Section 8 voucher waitlist for first time in 15 years

The New York City Housing Authority (NYCHA) will accept applications for its Section 8 housing voucher program for the first time in 15 years. The Housing Choice Voucher (HVC) program allows families to pay no more than 40 percent of their monthly income for rent, with NYCHA covering the remaining amount. Mayor Eric Adams on Monday announced the reopening of the waitlist, which has been closed since 2009, allowing low-income households to apply for rental subsidies on the private market. Eligible households may apply to the program starting Monday, June 3 at 12 a.m. through Sunday, June 9 at 11:59 p.m.
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May 14, 2024

Lottery opens for 101 apartments at ODA’s new Williamsburg project, from $3,105/month

Here's a chance to live at a new residential development in Williamsburg designed by architecture firm ODA. A lottery opened this week for 101 middle-income apartments at the "Williamsburg Apex," part of a curvy, two-building project at the corner of Lorimer Street and Boerum Street in Broadway Triangle. Qualifying New Yorkers earning 130 percent of the area median income, between $105,458 for a single person and $218,010 for a household of five, can apply for the apartments, priced at $3,105/month studios, $3,317/month one-bedrooms, and $3,963/month two-bedrooms.
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May 2, 2024

135 middle-income apartments available in Mott Haven, from $3,088/month

A housing lottery has launched for 135 middle-income apartments at a new luxury residential project in Mott Haven. Located at 138 Bruckner Boulevard in the South Bronx, the 12-story mixed-use building offers spacious units, luxurious amenities, and proximity to the Bronx waterfront. New Yorkers earning 130 percent of the area median income, or between $105,875/month for a single person and $218,010 for a household of five, can apply for the apartments, which range from $3,088/month studios to $3,939/month two bedrooms.
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April 25, 2024

New maps show which NYC neighborhoods build the most housing

Amid a housing shortage, only a few New York City neighborhoods are building the majority of new housing. The Department of City Planning on Thursday released two new interactive map tools illustrating where new housing is being permitted and built across the five boroughs by looking at City Council districts, community districts, and neighborhood tabulation areas (NTAs). According to the housing database, development is concentrated in only a few areas: 10 of the city's 59 community districts saw as much new housing built as the other 49.
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April 19, 2024

134 affordable apartments available at massive Far Rockaway development, from $617/month

Applications are now being accepted for 134 affordable apartments at a new residential complex in Far Rockaway. The apartment building is part of the first phase of Edgemere Commons, an 11-tower development with over 2,000 affordable homes, retail, community space, health care facilities, and outdoor public space. New Yorkers earning 30, 60, and 80 percent of the area median income, or between $24,480 for a single person and $140,080 for a household of seven, can apply for the apartments, priced from $617/month for one-bedroom homes to $2,665/month three bedrooms.
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April 15, 2024

New Windsor Terrace rental opens lottery for 95 units next to Prospect Park, from $874/month

Steps from Prospect Park, a new rental building in Windsor Terrace is accepting applications for 95 affordable apartments. Located on the southwest side of the park, the 13-story mixed-use building at 11 Ocean Parkway, called 1 Park Point, has 375 rental units with thoughtful layouts, a suite of luxury amenities, and a prime location right next to Prospect Park. New Yorkers earning 40, 60, and 100 percent of the area median income, or between $33,806 for a single person and $152,500 for a household of five, can apply for the apartments, which range from $874/month for one-bedrooms to $2,832/month for two-bedrooms.
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April 12, 2024

NYC releases details for ‘City of Yes’ housing reform, with new affordability mandates

The city this week released updated text for its major housing reform proposal, with new mandates for deeper affordability levels. The Department of City Planning (DCP) on Thursday released the annotated draft zoning text of the City of Yes for Housing Opportunity, Mayor Eric Adams' plan to add housing in every neighborhood through various zoning changes. The text includes revising the Mandatory Inclusionary Housing (MIH) program to allow for the deep affordability choice to be a standalone option. Plus, under the proposal, developers who utilize the Universal Affordable Preference to make their buildings bigger must make all additional homes permanently affordable.
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April 11, 2024

City Council approves NYC’s first-ever pro soccer stadium in Queens

New York City's first-ever professional soccer stadium in Queens is moving forward. The City Council on Thursday voted to approve a sweeping 23-acre mixed-use development in Willets Point that will bring a seven-story soccer stadium for the NYC Football Club (NYCFC), 2,500 affordable housing units, a school, and a hotel to the neighborhood, once known for its junkyards and landfills. The 25,000-seat stadium is slated for completion just in time for the 2027 season.
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April 10, 2024

NYC to redevelop Grand Concourse library with 100% affordable housing

The Department of Housing Preservation and Development and the New York Public Library announced plans to transform the Grand Concourse branch into a state-of-the-art library with affordable housing on top. This week the city kicked off the community engagement process for the project, which falls under Mayor Eric Adams' "24 in 24" plan to advance 24 affordable housing projects in 2024.
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April 8, 2024

Hudson Yards high-rise with five-star hotel perks opens lottery for 135 units, from $848/month

A luxury high-rise building in Hudson Yards opened a lottery this week for 135 mixed-income apartments. Developed by Related Companies, The Set at 455 10th Avenue offers 270 studio, one-, and two-bedroom apartments in a hotel-like setting. For the below-market-rate homes, New Yorkers earning 40, 60, and 120 percent of the area median income can apply for the units, priced from $848/month to $3,473/month.
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April 4, 2024

A 100% affordable rental opens in Greenpoint

A fully affordable apartment building officially opened in Greenpoint this week, bringing income-restricted homes to one of Brooklyn's most expensive neighborhoods. City officials on Wednesday cut the ribbon at 35 Commercial Street, a 22-story tower with 374 affordable apartments, including 57 units for formerly homeless New Yorkers. The building is the 11th completed building in Greenpoint Landing, a 22-acre development with 5,500 new homes and five acres of public open space.
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April 2, 2024

Major East New York development opens lottery for 203 low-income apartments, from $465/month

Applications are now being accepted for 203 affordable apartments at a new residential development in East New York. The development is the final part of phase four of Nehemiah Spring Creek, a decades-long project led by the city to transform former marshland and landfill into a sprawling mixed-income and mixed-use community. New Yorkers earning 30, 50, 70, and 80 percent of the area median income, or between $18,480 for a single person and $122,000 for a household of five, can apply for the apartments. Units start at $465/month for studios, $591/month for one-bedrooms, and $700/month for two-bedrooms.
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March 28, 2024

NYC proposes new high-density zoning districts if state lifts floor-to-area ratio cap

Mayor Eric Adams is calling on the state to lift a policy restricting the density of residential towers to allow for bigger apartment buildings and more affordable housing in New York City. Enacted in 1961, the existing floor-to-area ratio, or FAR, cap allows buildings up to 12 times the size of their lot. On Thursday, the Adams administration called on state lawmakers to eliminate the cap and proposed two new zoning districts in NYC that would permit buildings to be constructed up to 15 and 18 times their lot size, while also including affordable housing.
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March 27, 2024

Greenpoint rental near the waterfront launches lottery for 24 homes, from $1,546/month

A housing lottery opened this week for 24 mixed-income apartments at a new residential development in Greenpoint. Located at 33 Franklin Street, the seven-story building, dubbed Franklin Court, has 80 apartments with spacious layouts, impressive amenities, and a prime spot in Greenpoint near the waterfront. New Yorkers earning 80 and 130 percent of the area median income, or between $55,680 for a single person and $165,230 for a household of three, can apply for the apartments. Units start at $1,546/month for studios, $1,620/month for one-bedrooms, and $1,881/month for two-bedrooms.
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