Affordable Housing

NYC added 32,000 affordable homes this year, setting a new construction record
July 20, 2018

NYC added 32,000 affordable homes this year, setting a new construction record

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Via Pixabay New York City financed more than 32,000 affordable homes in the last fiscal year, Mayor Bill de Blasio announced on Thursday. This breaks the record set by former Mayor Ed Koch in 1989 and sets a record for most new construction with 9,140 affordable homes. But with the additional units come additional costs: The city's investment in the housing plan grew from $1 billion in fiscal year 2017 to $1.6 billion this year.
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8 chances to snag an apartment near the Pulaski Bridge in Greenpoint, from $2,270/month
July 17, 2018

8 chances to snag an apartment near the Pulaski Bridge in Greenpoint, from $2,270/month

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Via EXR A Greenpoint rental building located near the foot of the Pulaski Bridge launched a housing lottery this week for eight middle-income apartments. The development, dubbed Freeman's Corner, contains two buildings at 215 and 216 Freeman Street. Units boast oversized windows, polished concrete floors, built-in Bluetooth speakers and some feature private balconies. Qualifying New Yorkers earning 130 percent of the area median income can apply for the units, which include four $2,270/month one-bedrooms and four $2,733/month two-bedrooms.
Find out if you qualify
Live one block from the J, M, Z trains in Bushwick, from $1,979/month
July 16, 2018

Live one block from the J, M, Z trains in Bushwick, from $1,979/month

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Photo via CityRealty Three middle-income units in Bushwick are up for grabs for New Yorkers earning 130 percent of the area median income. Located at 20 Jefferson Street, the newly constructed rental building sits right next to J, M and Z trains at the Myrtle Avenue subway station. The apartments boast state-of-the-art appliances and on-site laundry. Available units include one $1,979/month one-bedroom and two $2,387/month two-bedrooms.
Find out if you qualify
Live just a short drive from the New York Botanical Garden, from $1,375/month
July 13, 2018

Live just a short drive from the New York Botanical Garden, from $1,375/month

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Photo via Wikimedia A lottery launched this week for five newly constructed, middle-income units in the Bronxdale/Allerton neighborhood of the Bronx. Located at 2953 Barnes Avenue, the four-story building sits just over a mile from the New York Botanical Garden and the Bronx Zoo, making the trip just a five-minute car ride or 20-minute bus ride. Qualifying New Yorkers earning 130 percent of the area median income can apply for the units, which range from a $1,375/month one-bedroom to a $1,575/month two-bedroom.
Do you qualify?
Lottery opens for six middle-income apartments near the Greenpoint waterfront, from $2,100/month

197 Freeman Street via CityRealty

July 13, 2018

Lottery opens for six middle-income apartments near the Greenpoint waterfront, from $2,100/month

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197 Freeman Street via CityRealty A $2,255/month one-bedroom might not be the deal of the century, but compared to the fact that the same market-rate apartment is asking $3,115, it sure seems like a steal. At 197 Freeman Street in Greenpoint, just a few blocks from the waterfront and right near cool spots like the Lobster Join and Troost, six apartments are available through the city's affordable housing lottery to New Yorkers earning 130 percent of the area median income. They range from $2,100/month studios to $2,715/month two-bedrooms, and the newly constructed building offers a gym, roof deck, and laundry.
Find out if you qualify
Plans for New York City’s first soccer stadium focus on the Bronx, again

Yankee Stadium. Image: pingnews.com via Flickr

July 12, 2018

Plans for New York City’s first soccer stadium focus on the Bronx, again

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New York City Football Club, the Major League Soccer franchise owned by the Yankees and an investment group led by Abu Dhabi billionaire royal Sheik Mansour bin Zayed al-Nahayan, who also owns Manchester City Football Club, may have found a site for its own home stadium after a five-year search. The focus is on a site in the Bronx near Yankee Stadium, which is where the team's owners had wanted to build the stadium in 2013, as 6sqft previously reported. This time around, the stadium would be part of a multibillion-dollar 20-acre development along East 153rd Street and River Avenue between Yankee Stadium and the Bronx Terminal Market and would also include a park, a hotel and soccer and sports-focused conference center, shops, office space, a school and as many as 3,000 affordable apartments, according to the New York Times.
More details, this way
Live one block from the G train in Bed-Stuy for just $1,074/month

Photo via Julien Magne/Flickr

July 11, 2018

Live one block from the G train in Bed-Stuy for just $1,074/month

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With the impending L train shutdown, the G train is looking better and better, and here's a chance to live less than a block from the Myrtle-Willoughby Avenues stop. The affordable housing lottery is for seven $1,074//month one-bedrooms, open to New Yorkers earning 60 percent of the area median income, at 901 Myrtle Avenue, a new 30-unit rental building.
Find out if you qualify
Four chances to live off the J train in Bushwick, from $947/month

Photo via CityRealty

July 10, 2018

Four chances to live off the J train in Bushwick, from $947/month

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Bushwick may not be the affordable, artsy neighborhood it once was, but a new affordable housing lottery will give four lucky New Yorkers a chance to regain some of that long-lost Brooklyn cheap factor. At 894 Bushwick Avenue, just three blocks from the J train at Kosciuszko Street, two $947/month one-bedrooms and two $1,072/month two-bedrooms are available to households earning 60 percent of the area median income.
See if you make the cut
July 10, 2018

Live across from Lincoln Terrace Park in Crown Heights for $822/month

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Right across the street from Crown Heights' Lincoln Terrace/Arthur S. Somers Park, a new affordable housing opportunity has come online. Ten units at the newly built rental 12 Ford Street are available to New Yorkers earning 60 percent of the area median income, ranging from $822/month studios to $1,070/month two-bedrooms. In addition to building amenities including a bike room, laundry, on-site parking, roof terrace, and fitness center, the park offers baseball and football fields, handball, basketball, and tennis courts, playgrounds, water features, dog runs, and outdoor exercise equipment. Plus, the park is in the midst of a $4 million renovation which will only enhance this value.
Find out if you qualify
How the city’s new credit history guidelines affect affordable housing applicants

Image via Flickr CC

July 9, 2018

How the city’s new credit history guidelines affect affordable housing applicants

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If you’ve ever applied for affordable housing in New York City, you already know that the process can feel more like an IRS audit than a typical housing application. While owners and management companies are empowered to ask for a lot of paperwork, to qualify for an affordable housing unit, you’ll need to do more than provide recent pay stubs, tax returns, and bank statements. You'll need to share several years of financial, housing, and employment information, and if the developer doesn’t think you’ve provided enough evidence to quality, they can always ask for more evidence as the selection process unfolds. Fortunately, as of July 1st, the process of applying for affordable housing and the baseline credit criteria needed to qualify just got a bit easier for applicants.
Everything you need to know
Lottery opens for 30 middle-income units at Bushwick’s Gothic church conversion
July 6, 2018

Lottery opens for 30 middle-income units at Bushwick’s Gothic church conversion

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A little over a year ago, an affordable housing lottery opened for 20 low-income units at  The Saint Marks, a Bushwick church-to-rental conversion at 618 Bushwick Avenue. And now, 30 more below-market-rate residences are up for grabs, this time for middle-income New Yorkers earning 130 percent of the area median income. They range from $2,013/month studios to $2,564/month two-bedrooms. The former St. Mark’s Lutheran School and Evangelical Church retains its 1890 Victorian Gothic church and four-story former school building but has a seven-story addition from developer Cayuga Capital at the corner.
Find out if you qualify
Live in new ‘hipster haven’ Washington Heights for $1,705/month

Coogan’s Restaurant in Washington Heights, via CityRealty

July 5, 2018

Live in new ‘hipster haven’ Washington Heights for $1,705/month

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A recent Post article dubbed Washington Heights "the new Williamsburg," referencing census data that shows the upper-Manhattan 'hood has more millennials than any other area in the entire city. Noting that New Yorkers age 20 to 34 have been priced out of places like Bushwick, NYU adjunct professor of urban planning Michael Keane said, "they’re thinking, ‘Hey, Washington Heights is in Manhattan, it’s easy to get to Midtown, crime is down and the rent is several hundred dollars less.’" And this new middle-income housing opportunity at 516 West 162nd Street, is even less, with five one-bedrooms up for grabs for $1,705 a month and one two-bedroom for $2,055. By comparison, market-rate one-beds in the building go for $2,300 and two-beds for $3,050.
Find out if you qualify
Live in Williamsburg off the G, M, J trains for $2,250/month

Photo via Wiki Commons

July 3, 2018

Live in Williamsburg off the G, M, J trains for $2,250/month

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Fear not the L train shutdown; this Williamsburg middle-income housing opportunity puts you just one block away from the G train at Broadway and the M and J trains at Lorimer. There are three $2,250/month one-bedroom units up for grabs at 37 Montrose Avenue for households earning 130 percent of the area median income, or between $77,143 and $122,070 annually. The five-story rental building, which was recently completed, has just 10 units and offers a laundry room and rooftop patio. The building website says it has "an industrial warehouse vibe with high-end finishes [and] original art throughout.
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Apply for a $960/month one-bedroom apartment in colorful Bushwick
June 29, 2018

Apply for a $960/month one-bedroom apartment in colorful Bushwick

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Photo via bslax28 on Flickr An affordable housing lottery launched this week for just two one-bedroom apartments in the heart of hip Bushwick in Brooklyn. Located at 176 Knickerbocker Avenue, the newly constructed rental sits just off bustling Flushing Avenue, as well as near beloved spots like pizza place Roberta's, Art Deco cocktail bar The Narrows and music venue House of Yes. Qualifying New Yorkers earning 60 percent of the area median income can apply for the two available $960/month one-bedroom units.
Find out if you qualify
Nearly 200 affordable apartments up for grabs in the South Bronx, from $548/month
June 28, 2018

Nearly 200 affordable apartments up for grabs in the South Bronx, from $548/month

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The Mulberry via PRCNY & Camber Property Group Across two brand new affordable housing buildings in the South Bronx, there are 191 units available. The Hemlock, at 1000 Fox Street, and the Mulberry, at 960 Simpson Street, have a mix of studios, one-, two- and three-bedroom apartments as part of a newly launched housing lottery. Qualifying New Yorkers earning 40 and 100 percent of the area median income can apply for the units, which range from a $548/month studio to a $1,831/month three-bedroom.
Find out if you qualify
Lottery opens for 231 affordable units at Flushing’s new mixed-use development

Rendering via Monadnock Development

June 28, 2018

Lottery opens for 231 affordable units at Flushing’s new mixed-use development

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Three-and-a-half years ago, the Department of City Planning enlisted Monadnock Development to build a mixed-use project in downtown Flushing, Queens. Located at 133-45 41st Avenue and dubbed One Flushing, the development has 22,000 square feet of retail space, along with 232 all-affordable apartments, nearly 40 percent of which is set aside as supportive senior housing. Including low- and middle-income units, the lottery for these residences has just opened, ranging from $548/month studios to $2,302/month three-bedrooms. In addition to being just around the corner from the 7 train and adjacent to the Flushing-Main Street LIRR Station, the building offers a 156-space public parking lot, 24-hour attended lobby, laundry room, bike storage, tenant lounge and terrace, fitness center, and rooftop garden.
Get all the details
Live across from Crown Heights food hall Berg’n, from $1,769/month
June 27, 2018

Live across from Crown Heights food hall Berg’n, from $1,769/month

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Photo via Berg'n An affordable housing lottery launched Wednesday for four newly constructed, middle-income apartments in Crown Heights. Located at 916 Bergen Street, the rental building sits directly across from local favorite, Berg'n, a beer/ food hall from the founders of Smorgasburg. Residents will have access to a bike room and the building's rooftop. Qualifying New Yorkers earning 130 percent of the area median income can apply for the units, including one $1,769/month studio and three $2,635/month three-bedrooms.
Find out if you qualify
Rent stabilized apartments will see increases of 1.5 and 2.5 percent this year

Photo courtesy of the MET Council on Housing

June 27, 2018

Rent stabilized apartments will see increases of 1.5 and 2.5 percent this year

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Last night the Rent Guidelines Board approved rent hikes for tenants in rent-stablized buildings, making this the second year rents for such units have increased. This latest vote by the board allows landlords to charge their rent-stabilized tenants increases of up to 1.5 percent for one-year leases and 2.5 percent for two-year leases. As the New York Times points out today, "the increases were seen as modest given the history of the nine-member board." Still, these are the steepest permitted increases since 2013 -- news met with jeers from housing advocates at a public hearing held at Cooper Union.
Here more about what's in store
Plan released for a seven-building, 800+ unit affordable development in Brownsville

Rendering via L+M and Curtis+Ginsberg Architects

June 26, 2018

Plan released for a seven-building, 800+ unit affordable development in Brownsville

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Plans for a seven-building affordable housing development in Brooklyn's Brownsville were released this week, as part of the city's revitalization effort in the neighborhood. As part of the "Brownsville Plan," the proposed project includes eight-to nine-story residential buildings with new retail and community space along Livonia Avenue. The project would extend the existing Marcus Garvey Apartments, a housing complex built in the mid-1970s that currently has many underutilized parking lots (h/t YIMBY). Overall, the more than 900,000-square-foot development will bring over 840 affordable apartments, currently estimated to be set aside for New Yorkers earning 80 percent or below the area median income.
More details here
Lottery opens for 29 affordable units at Crown Heights’ former Fox Savoy Theater site

2011 Google Street View of the Fox Savoy Theater before it was demolished

June 26, 2018

Lottery opens for 29 affordable units at Crown Heights’ former Fox Savoy Theater site

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It's been four years since Crown Heights' historic Fox Savoy Theater was torn down to make way for a 114-unit apartment building at 1511 Bedford Avenue. Designed by famed theater architect Thomas Lamb in 1926, the neo-classical structure was not landmarked, therefore, developer Realty Within Reach was able to replace it with Isaac & Stern Architects' 10-story rental building. Twenty-five percent of the apartments, or 29 units, are set aside for households earning 60 percent of the area median income, and as of today, they're available through the city's housing lottery. The units range from $816/month studios to $1,064/month two-bedrooms, and amenities include on-site parking, bike storage, a gym, roof deck, and rec room.
Find out more
Two chances to live near the JFK AirTrain, from $1,418/month

Photo via Wiki Commons

June 25, 2018

Two chances to live near the JFK AirTrain, from $1,418/month

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If you travel often for work, this affordable housing opportunity could make your life a lot easier, provided you earn between $48,618 and $83,440 annually. The city opened the lottery for a $1,418/month one-bedroom and a $1,599/month two-bedroom at 89-15 138th Street, which is just two blocks away from the J, M, Z trains and a slew of buses at Jamaica Station and the AirTrain to JFK. An added bonus? The two units up for grabs have balconies.
Find out if you qualify
Two affordable one-bedrooms in Bed-Stuy up for grabs for $985/month
June 22, 2018

Two affordable one-bedrooms in Bed-Stuy up for grabs for $985/month

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Photo via CityRealty Act quickly: Just two one-bedroom apartments are available at a new rental building in Brookyln's Bed-Stuy neighborhood. The rental at 88 Hart Street sits between Marcy and Tompkins Avenues and only a few blocks from the Kosciuszko Pool and the Herbert Von King Park, a historic green space designed by Frederick Law Olmsted that also has a cultural arts center. Plus, the building includes a laundry room. New Yorkers who earn 60 percent of the area median income, or between $33,772 and $50,100 annually, can apply for the affordable $985/month one-bedrooms.
Find out if you qualify
Live in a new rental on Williamsburg’s South 4th Street for just $923/month

Looking west down South 4th Street with Pies n’ Thighs on the corner, via *Bitch Cakes*/Flickr

June 21, 2018

Live in a new rental on Williamsburg’s South 4th Street for just $923/month

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If you're a fan of Williamsburg's food scene (what good New Yorker isn't?) and earn between $31,646 and $50,100 annually, you may want to apply for one of two affordable apartments up for grabs at the new boutique rental 94 South 4th Street. For just $923 a month you'll get a one-bedroom unit right near hot spots like Pies n' Thighs, La Superior, Sunday in Brooklyn, Maison Premiere, and The Woods.
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NYC’s new housing lottery guidelines will help vulnerable and low-income New Yorkers
June 19, 2018

NYC’s new housing lottery guidelines will help vulnerable and low-income New Yorkers

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Finding and applying for affordable housing in New York city can be a challenge for anyone. The application process can be confusing and daunting for those who need it most. Today the city’s Department of Housing Preservation and Development (HPD) and Housing Development Corporation (HDC) announced new guidelines for the process that are intended to help provide access for low-income residents and protect people who have survived domestic abuse.
Find out about the new guidelines
100+ affordable apartments up for grabs at a South Bronx passive house, from $702/month

Rendering via Curtis + Ginsberg Architects

June 18, 2018

100+ affordable apartments up for grabs at a South Bronx passive house, from $702/month

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Located between East 151st and 153rd Streets, a 15-story affordable rental is now accepting applications for a whopping 107 units. Dubbed Park Avenue Green, the South Bronx building at 2980 Park Avenue is the second phase of a multi-phase housing project. Designed by Curtis + Ginsberg Architects, the building includes 154 apartments and a 4,300-square-foot community facility. Qualifying New Yorkers earning 50, 60 and 80 percent of the area median income can apply for the units ranging from a $702/month studio to a $1,823/month three-bedroom.
Find out if you qualify
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