Affordable Housing

August 6, 2018

15 middle-income units available in up-and-coming Midwood, from $1,350/month

As we recently noted, "Midwood might not yet be considered an up-and-coming ‘hood," but it is getting a Target and the food hall treatment, which seems to be NYC's answer to the "Whole Foods effect." And for New Yorkers who are keen to get in at the very beginning of a possible transformation, the city's latest affordable housing lottery could be just the answer. As of today, middle-income households earning 130 percent of the area median income can apply for 15 units at the newly constructed rental 1930 Avenue M. It's located right at the corner of Ocean Avenue, which in recent years has seen a surge of new residential development. The available apartments range from $1,350/month studios to $2,050/month two-bedrooms.
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Affordable Housing

Pilot program to legalize basement apartments developing in East New York

Via HPD

August 3, 2018

Pilot program to legalize basement apartments developing in East New York

By Devin Gannon

Mayor Bill de Blasio in June announced the city would help landlords create and renovate legal basement and cellar apartments in Brooklyn. This includes making the apartments up to code by ensuring proper safety requirements and windows, among other modifications. As a part of the pilot program, homeowners can apply for the basement pilot program through a city-approved, community-based organization. "This program will increase the stock of affordable housing in East New York, provide additional income to homeowners, and ensure tenant safety," de Blasio said. The deadline for the basement conversion program is August 15 (h/t City Limits).
Find out more

80 Centre Street; image: Wikimedia Commons.

August 3, 2018

Lower Manhattan’s Marriage Bureau building may become new jail tower as Rikers replacement

By Michelle Cohen

Last year, Mayor de Blasio announced his support of closing the jail on Rikers Island after protests from activists and public officials over the conditions at the aging complex. In the ensuing months, the focus turned to possible replacements for housing the jail's 5,000-plus inmates over the next decade. Now, the New York Daily News reports, the city is considering 80 Centre Street for a towering detention center as part of the plan.
The building now houses the city's Marriage Bureau

Affordable housing 101: The history and future of Mitchell-Lama

Waterside Plaza, a former Mitchell-Lama Housing Program-funded rental project. Photo via Flickr cc.

July 27, 2018

Affordable housing 101: The history and future of Mitchell-Lama

By Cait Etherington

A high percentage of working New Yorkers do not qualify for low-income rentals yet still struggle to pay the city’s exceptionally high rents on the private market. While this may seem like a new problem, in fact, it is something legislators and housing advocates have been attempting to resolve for over 70 years. Indeed, this […]

July 26, 2018

880+ affordable homes, new performing arts center and public space upgrades coming to Brownsville

By Devin Gannon

A proposal to revitalize Brooklyn's Brownsville neighborhood was announced one year ago, with a plan to bring a seven-building housing development to the area unveiled last month. And on Thursday, city officials released more details about the massive project, with new renderings and updates on its progress. As part of the Brownsville Plan, the city's Department of Housing Preservation and Development will bring a new arts center and school run by a group from the Brooklyn Music School and a media lab run by BRIC, new retail and commercial space, and a rooftop greenhouse with locally sourced produce. Plus, two proposals were selected as the NYCx Co-Lab Challenge winners, a competition that sought to find ways to enhance the area's "nighttime experience."
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July 26, 2018

5 chances to live in the hip hub of Bushwick, from $926/month

By Devin Gannon

Photo via Victoria Pickering on Flickr If you live at 682 Bushwick Avenue, chances are you would never go hungry. The rental building, which sits at the corner of Bushwick and Willoughby Avenues, is near local bars like Happyfun Hideaway and Birdy's, Mexican eatery Regalo De Juquila and artsy cafe Little Skips. A lottery launched this week at the building for five units set aside for New Yorkers earning 60 percent of the area median income. Available apartments include two $926/month one-bedrooms and three $1,042/month two-bedrooms.
Find out if you qualify

Affordable Housing

Lottery opens for 160 affordable apartments near the High Line, starting at $702/month

Photo via Flickr cc

July 25, 2018

Lottery opens for 160 affordable apartments near the High Line, starting at $702/month

By Dana Schulz

The High Line and affordability don't typically go hand-in-hand, but the lottery opens tomorrow for a new, 160-unit affordable housing project at 425 West 18th Street, less than a block from the High Line. As part of a Bloomberg-era initiative to lease unused NYCHA land to private developers, the 18-story building took over the parking lot of the 1960s Fulton Houses complex. The low- and middle-income availabilities range all the way from $702/month studios to $3,216/month two-bedrooms, and amenities include a laundry room, bike storage, and outdoor space on the roof and first floor.
Find out if you qualify

Affordable Housing

July 20, 2018

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

By Devin Gannon

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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July 17, 2018

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

By Devin Gannon

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

Affordable Housing

July 16, 2018

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

By Devin Gannon

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

Affordable Housing

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

By Devin Gannon

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?

Affordable Housing

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

By Dana Schulz

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

Affordable Housing

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

By Michelle Cohen

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

By Dana Schulz

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

Affordable Housing

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

By Dana Schulz

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

Affordable Housing

July 10, 2018

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

By Dana Schulz

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

Affordable Housing

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

By Cait Etherington

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

July 6, 2018

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

By Dana Schulz

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

Affordable Housing

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

By Dana Schulz

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

Affordable Housing

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

By Dana Schulz

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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Affordable Housing

June 29, 2018

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

By Devin Gannon

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

Affordable Housing

June 28, 2018

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

By Devin Gannon

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

Affordable Housing

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

By Dana Schulz

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

Affordable Housing

June 27, 2018

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

By Devin Gannon

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

Affordable Housing

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

By Emily Nonko

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

Affordable Housing

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