Affordable Housing

A salary of $58,450 or less annually is now considered low income in the New York Metro Area

Photo via CityRealty

May 17, 2018

A salary of $58,450 or less annually is now considered low income in the New York Metro Area

By
If you are a single New Yorker earning $58,450 or less per year, you fall under the low income category, according to 2018 estimates released last month by the U.S. Department of Housing (HUD). These income limits are established by the government to help figure out if residents are eligible for subsidized and affordable housing. Even though the median family income in NYC and its surrounding area slightly increased this year to $70,300 from $66,200 in 2017, the high cost of living continues to place a significant burden on New Yorkers (h/t Curbed NY).
More this way
27 middle-income apartments up for grabs in Prospect-Lefferts Gardens, from $1,807/month
May 16, 2018

27 middle-income apartments up for grabs in Prospect-Lefferts Gardens, from $1,807/month

By
Photo of Prospect Park via Maria Eklind on Flickr A second affordable housing lottery launched for the Lincoln Road Apartments, a two-tower rental building offering up 27 middle-income units. Located in the Brooklyn neighborhood of Prospect-Lefferts Gardens, the rentals at 31-33 Lincoln Road sit directly across from sprawling Prospect Park. In addition to its proximity to the park, 33 Lincoln provides residents a common roof deck, fitness center, a lounge and lots of storage. The apartments sit less than 500 feet from the B and Q trains at the Prospect Park Subway stop. New Yorkers earning 130 percent of the area median income can apply for units ranging from $1,807/month studios to $2,733/month two-bedroom apartments.
Find out if you qualify
Apply for 39 middle-income units by the Williamsburg waterfront, from $1,999/month
May 16, 2018

Apply for 39 middle-income units by the Williamsburg waterfront, from $1,999/month

By
Renderings of 321 Wythe via ND Architecture & Design A newly constructed mixed-use building located near the Williamsburg Bridge has launched a lottery for 39 middle-income apartments. Built on the site of a former parking lot and single-story church, the 19-story tower at 321 Wythe Avenue includes 130 rental units, two floors of amenities, and an adjacent healthcare facility. Notably, because developer Watermark Capital Group is leasing the property from Saints Peter and Paul Church, certain activities "not in line with Catholicism" will be prohibited, DNAinfo reported in 2015. This includes a ban on things related to abortion, birth control, euthanasia, pornography, and stem-cell research. Despite these strange stipulations, the ND Architecture-designed tower does sit in a prime location, just steps from a host of bars, coffee shops, restaurants and the Williamsburg waterfront. Qualifying New Yorkers earning 130 percent of the area median income can apply for the available 17, $1,999/month one-bedrooms and the 22 $2,399/month two-bedrooms.
Find out if you qualify
Lottery opens for six middle-income apartments near the Greenpoint waterfront

View from one of 56 Box Streets terraces, via Nooklyn

May 15, 2018

Lottery opens for six middle-income apartments near the Greenpoint waterfront

By
Just two blocks inland from Newton Creek and right near hot spots like the Brooklyn Ice Cream Company, Saint Vitus Bar, and Milk & Roses, a stretch of Box Street is transforming from its industrial past to a more modern, residential block. At 56 Box Street, a new six-story rental, new Greenpoint tenants started moving in last August, and now a middle-income lottery has launched for six of the units, $2,253/month one-bedrooms and $2,716/month two-bedrooms. The market-rate units go from $2,650/month one-bedrooms to $3,300/month two-bedrooms. So while this isn't the deal of the century, there are still some savings to be had in an up-and-coming 'hood.
Find out if you qualify
May 11, 2018

Four $2,425/month two-bedrooms near Van Cortlandt Park in the Bronx up for grabs

By
While this housing lottery won't save you a ton on rent, the four middle-income units available do sit in a prime location-- near the beautiful and historic Van Cortlandt Park.  According to the city's parks department, the park is home to the country's first public golf course, the oldest house in the borough and the largest freshwater lake in the Bronx. Located at the nexus of the Bronx neighborhoods of Riverdale and Kingsbridge Heights, the building at 3190 Riverdale Avenue offers residents a parking garage and bike storage. Qualifying New Yorkers earning 120 percent of the area median income can apply for the four $2,425/month two-bedrooms.
Find out if you qualify
Lottery launches for four newly constructed units in vibrant Bushwick, from $1,950/month

Photo via bslax28 on Flickr

May 11, 2018

Lottery launches for four newly constructed units in vibrant Bushwick, from $1,950/month

By
An amenity-rich building in the heart of Bushwick is now accepting applications for four middle-income apartments. The rental complex, dubbed Gloria Linden, is located at 359 Linden Street. Apartments come with oversized windows oak flooring, custom LED lighting, Ceaserstone counters and Bertazzoni gas ranges. Qualifying New Yorkers earning 130 percent of the area median income can apply for two $1,950/month one-bedroom units and two $2,390/month two-bedroom units.
Find out if you qualify
Apply for 37 affordable units right near the Barclay’s Center and Fort Greene Park, from $867/month

Renderings courtesy of Hill West

May 10, 2018

Apply for 37 affordable units right near the Barclay’s Center and Fort Greene Park, from $867/month

By
If you don't mind being in the center of all the action, this affordable housing opportunity is for you. The lottery is open for 37 apartments at Hill West Architects' brand new Downtown Brooklyn rental 1 Flatbush Avenue. Not only does the 19-story building offer amenities such as a landscaped roof terrace with BBQs and a gym with a yoga studio, but its location at the intersection of booming Flatbush Avenue and Fulton Street means it's just a few blocks from BAM, the Barclay's Center, almost all major subways at Atlantic Terminal, and Fort Green Park. The units up for grabs are reserved for households earning 60 percent of the area median income, or between $31,612 and $62,580 annually, and range from $867/month studios to $1,123/month two-bedrooms.
Find out if you qualify
The city will issue new Section 8 vouchers for the first time in two years

Photo via Creative Commons

May 10, 2018

The city will issue new Section 8 vouchers for the first time in two years

By
For the first time in two years, New York City this week began issuing new Section 8 vouchers, which serve as a rental subsidy for lower-income families. The new vouchers come after the city's Housing Authority got a boost in funding from the federal government, allowing the authority to dole out 6,200 additional vouchers, according to amNY. Now, NYCHA has started calling possible tenants on its over 100,000-person waitlist and has already distributed 35 vouchers. The city oversees the largest Section 8 program in the country, with roughly 90,000 vouchers currently issued.
Find out more
18 chances to live in a new Kips Bay rental from just $580/month
May 10, 2018

18 chances to live in a new Kips Bay rental from just $580/month

By
Kips Bay may not be the most trendy 'hood, but it's just a few blocks away from bustling Nomad, all the bars in Murray Hill (if that's your thing) and a quick walk to Grand Central. And as of today, 18 units are up for grabs through the city's affordable housing lottery at 145 Madison Avenue, a new 21-story rental building between East 31st and 32nd Streets. The mixed-income units are reserved for those earning 30, 60, and 120 percent of the area median income and range from $580/month studios to $2,270/month one-bedrooms.
Find out if you qualify
Trump could get over $30M from sale of a Brooklyn affordable housing complex he partially owns
May 9, 2018

Trump could get over $30M from sale of a Brooklyn affordable housing complex he partially owns

By
Starrett City photo via Matt Green on Flickr, President Trump photo via Wikimedia As he proposes funding cuts to the Department of Housing and Urban Development's subsidized housing programs, President Donald Trump is set to gain millions of dollars from the sale of an affordable housing complex in East New York, best known as Starrett City. Investors, including Trump who owns a 4 percent stake in the development, sold the 46-building complex to two real estate firms for $906 million, ABC News reported Tuesday. Trump is set to profit about $36 million from the sale (an amount which could drop after mortgage costs and transfer taxes). Home to roughly 15,000 residents across 145 acres, Starrett City is the largest federally subsidized housing project in the country.
Find out more
Six chances to snag an East Williamsburg one-bedroom for $1,150/month

Photo via David Berkowitz/Flickr

May 8, 2018

Six chances to snag an East Williamsburg one-bedroom for $1,150/month

By
Photo via David Berkowitz/Flickr A housing lottery launched this week for six affordable units in the East Williamsburg neighborhood of Brooklyn. The newly constructed development at 251 Devoe Street contains seven units, all of them spacious with open layouts. While some of the units in the building include balconies, all have central air and modern appliances. Qualifying New Yorkers earning 60 percent of the area median income can apply for the $1,150/month one-bedrooms. The rental building sits closest to the L and G trains, as well as a dog park and plenty of happening bars and restaurants.
Find out if you qualify
Lottery for 218 affordable units opens in new Bronx building with yoga pavilion and rooftop farm

Rendering courtesy of Dattner Architects

May 8, 2018

Lottery for 218 affordable units opens in new Bronx building with yoga pavilion and rooftop farm

By
Nearly a year ago, L+M Development Partners and Hornig Capital Partners broke ground on a $156 million, mixed-use development on the St. Barnabas Hospital campus in the Belmont section of the Bronx, adjacent to Little Italy's Arthur Avenue and just a short walk to the Bronx Zoo. A pair of all-affordable housing projects--an 11-story, 181-unit building at 4511 Third Avenue and a 12-story, 133-unit building down the street at 4439 Third Avenue--the Dattner Architects-designed complex aims to combine health care services, affordable housing, job creation, outdoor fitness areas, and healthy food options to low-income residents of the community. And these residents earning 60 percent of the area median income can now apply for 218 apartments, ranging from $865/month studios to $1,289/month three-bedrooms.
Find out if you qualify
You can own an affordable co-op in the South Bronx for just $92K

Photo via Dan DeLuca’s Flickr

May 7, 2018

You can own an affordable co-op in the South Bronx for just $92K

By
Applications are now being accepted for three newly renovated co-ops in the Longwood neighborhood of the South Bronx, part of the city's initiative to make affordable homeownership more accessible for first-time buyers. Located at 847 Fox Street, the three-bedroom units are move-in ready, with renovated kitchen and bathrooms, new electrical and heating systems and energy efficient appliances. Qualifying New Yorkers earning 120 percent of the area median income can apply for the three units, listed for a subsidized price of roughly $91,483.
Find out if you qualify
May 4, 2018

Two buildings near Crotona Park in the South Bronx launch lotteries, from $897/month

By
Sixteen moderate-income apartments are up for grabs in two buildings located in the Claremont and Morrisania neighborhoods of the South Bronx. The buildings, located at 625 Jefferson Place and 3531 Third Avenue, sit near Crotona Park, a nearly 128 acre public park with a lake, 20 tennis courts a massive swimming pool and 28 species of trees. Qualifying New Yorkers earning 80 percent of the area median income can apply for the apartments ranging from $897/month studios to a $1,764/month four-bedrooms.
Find out if you qualify
Live in a one bedroom near the Brooklyn Children’s Museum in Crown Heights for $2,253/month
May 4, 2018

Live in a one bedroom near the Brooklyn Children’s Museum in Crown Heights for $2,253/month

By
Photo by Julienne Schaer for NYC&Company A housing lottery launched Friday for just three one-bedroom apartments in the northern section of Crown Heights. Located at 730 Prospect Place, the building rises five stories and contains eight units. It sits between the colorful, Rafael Viñoly-designed Brooklyn Children's Museum and Brower Park and the myriad of food and drink options of Franklin and Washington Avenues. Qualifying New Yorkers earning 130 percent of the area median income can apply for the three $2,253/month one-bedroom units.
Find out if you qualify
Cynthia Nixon’s Rent Justice for All platform would extend rent stabilization and boost tenant protection

Cynthia Nixon image; image

May 4, 2018

Cynthia Nixon’s Rent Justice for All platform would extend rent stabilization and boost tenant protection

By
Cynthia Nixon, the "Sex and the City" actress-turned-Democratic gubernatorial candidate, has unveiled a Rent Justice for All platform that would bolster protection for tenants statewide. Curbed reports that Nixon, who is running against Governor Andrew Cuomo as a Democratic candidate, announced Rent Justice for All, a series of measures intended to address the growing burden placed on New York's renters, of which there are many: Nixon said in a statement, “Half of our state residents are renters, and under Governor Cuomo, New York’s renters have been left behind.”
Find out more
16 chances to snag an affordable one bedroom in East Williamsburg for $1,080/month

Rendering via Leverich Design Studio

May 4, 2018

16 chances to snag an affordable one bedroom in East Williamsburg for $1,080/month

By
Located in between artist-hipster enclaves of Bushwick and Williamsburg, a newly constructed building at 89 Bartlett Street has launched an affordable housing lottery for 16 affordable one-bedroom units. Qualifying New Yorkers earning between roughly $37,000 and $50,000 annually (or 60 percent of the area median income), can apply for the $1,080/month one-bedroom apartments.
Find out if you qualify
Live in Manhattan West’s massive Eugene rental for just $613 month, lottery opens for 103 units

Renderings via The Eugene

May 3, 2018

Live in Manhattan West’s massive Eugene rental for just $613 month, lottery opens for 103 units

By
Between the adjacent mega-developments Hudson Yards and Manhattan West, the far west side is banking on becoming a city within a city. And if this amenity-rich lifestyle appeals to you, here's a chance to get in on the action for less. Starting tomorrow, the second phase of the affordable housing lottery at Manhattan West's massive rental the Eugene will be open for 103 low- and middle-income apartments, ranging from $613/month studios to $2,519/month two-bedrooms. Designed by Skidmore Owings & Merill (SOM), the 62-story glass tower at 435 West 31st Street offers amenities like a rock climbing wall, "sky lounge," pet spa, and fitness center. These are in addition to Manhattan West's two-acre public park and 240,000 square feet of curated food, retail and other pop-up events
Find out if you qualify
750 mostly affordable apartments coming to the South Bronx near Yankee Stadium

Photo via Wiki Commons

May 3, 2018

750 mostly affordable apartments coming to the South Bronx near Yankee Stadium

By
The South Bronx's building boom is continuing with the announcement of a pair of developments near Yankee Stadium that will bring 750 mixed-use residential units to the area. As reported by The Real Deal, Maddd Equities is developing two sites across from each other at 1159 and 1184 River Avenue. The former will have 250 affordable and supportive housing units, and the latter will be a set of 17-story buildings with 500 apartments, most of which will be reserved for low-income households.
READ MORE
May 2, 2018

7 chances to live across from Pelham Bay Park in the Bronx, from $1,600/month

By
A newly constructed rental in the Bronx has launched a lottery for seven middle-income apartments, located across from the city's largest public park, Pelham Bay Park. The park measures over three times the size of Central Park and includes two golf courses, miles of hiking trails, many fields and courts and Orchard Beach, a man-made beach designed by Robert Moses. Qualifying New Yorkers earning 130 percent of the area median income can apply for three one-bedrooms for $1,600/month and four two-bedrooms for $1,800/month.
Find out if you qualify
Lottery launches for 250+ mixed-income apartments in East Tremont, from $822/month
May 1, 2018

Lottery launches for 250+ mixed-income apartments in East Tremont, from $822/month

By
Rendering via Mastermind Development The Tremont Renaissance housing complex this week launched a lottery for 255 apartments, part of Mayor Bill de Blasio's affordable housing plan aimed at bringing more mixed-income units to New York City. Located in the East Tremont neighborhood of the Bronx, the development at 4215 Park Avenue rises 12 stories and features roughly 40,000 square feet of commercial space on the ground level. Qualifying New Yorkers earning 60, 100 and 120 percent of the area median income can apply for the apartments ranging from $822/month studios to $1,965 three-bedrooms.
Find out if you qualify
Apply for 100+ affordable apartments at this flashy new tower near Grand Central, from $613/month

Rendering via Handel Architects

April 30, 2018

Apply for 100+ affordable apartments at this flashy new tower near Grand Central, from $613/month

By
Reduced rent AND the opportunity to walk to work? That's the dream scenario up for grabs for Midtown East workers at Handel Architects' 222 East 44th Street, where a mixed-use affordable housing lottery for 109 units just came online. The handsome, 42-story torqued glass tower sits between Second and Third Avenues, fronting both 43rd and 44th Streets, meaning it's just a hop, skip, and jump away from Grand Central, the Chrysler Building, and the UN. The apartments are available to those earning 40, 60, and 130 percent of the area median income and range from $613/month studios to $2,733/month two-bedrooms. The lucky residents will also be treated to a bevy of amenities.
Find out if you qualify
Lottery opens for 15 affordable apartments in Riverdale, just across from Van Cortlandt Park

Photo of Van Cortlandt House Museum via mtchlra via photopin cc

April 30, 2018

Lottery opens for 15 affordable apartments in Riverdale, just across from Van Cortlandt Park

By
If you're looking for a bit of the suburban lifestyle without leaving the boroughs, this affordable housing lottery in the Bronx may be for you. Fifteen apartments at Stagg Group’s Riverdale project The Station (so named for being adjacent to the 1 train station) at 5959 Broadway are up for grabs for New Yorkers earning 80 percent of the area median income. These include 12 $1,292/month one-bedrooms and three $1,458/month two-bedrooms. Just as good as the price is the location; the mixed-use building is directly across from the southeast entrance to Van Cortlandt Park, right near the swimming pool and Van Cortlandt House Museum. And for families, it's also just a couple blocks from the prestigious Horace Mann School and Manhattan College.
Find out if you qualify
58 affordable units up for grabs in historic Queens neighborhood of St. Albans, from $558/month

Image via Sisca

April 27, 2018

58 affordable units up for grabs in historic Queens neighborhood of St. Albans, from $558/month

By
A lottery launched this week for 58 mixed-income apartments in a newly constructed building in St. Albans, a suburban enclave in western Queens. Located at 118-35 Boulevard, the development sits near the historic district of Addisleigh Park. Although it started as a white-only community, the neighborhood was home to many notable African Americans, including famous jazz musicians, from the 1930s and on. Artists like Count Basie, James Brown, John Coltrane, Miles Davis, Ella Fitzgerald, and even baseball superstars like Babe Ruth and Jackie Robinson all have lived in this area. Qualifying New Yorkers earning 40, 50, 60 and 80 percent of the area median income can apply for units ranging from $558/month one-bedroom to a $1,511/month two-bedroom apartments.
Find out if you qualify
Lottery opens for 28 affordable apartments in Alphabet City, from $596/month

Photo via Paul Sableman/Flickr

April 26, 2018

Lottery opens for 28 affordable apartments in Alphabet City, from $596/month

By
A 110-unit, mixed-use project in Alphabet City is nearing completion, and with that, has just launched its affordable housing lottery for 28 apartments. The mixed-income units are available to those earning 40, 60, and 130 percent of the area median income and range from $596/month studios to $2,519/month two-bedrooms. The 75/25 project at 79 Avenue D offers a terrace, landscaped roof deck, fitness center, lounge, bike room, and, of course, proximity to all the trendy spots in the East Village and Lower East Side.
Find out if you qualify
Pitch a story icon

Pitch a Story

We love to hear from you!

"*" indicates required fields

Interested in seeing the property in person?

It’s free, with no obligation.

CityRealty Logo

"*" indicates required fields

or Call (212) 755-5544

Interested in seeing the property in person?

It’s free, with no obligation.

CityRealty Logo

Distinctive Post Form

"*" indicates required fields

or Call (212) 755-5544
Contact us image

Get in Touch

We love to hear from you!

"*" indicates required fields

Send us a tip image
Delivering New York stories focused on design, lifestyle & real estate.

Send us a Tip

We love to hear from you!

"*" indicates required fields

Interesting in learning more about purchasing a new home?

Let us know what you are looking for and we’ll help you find the home of your dreams. It’s free, with no obligation.

CityRealty Logo
or Call (212) 755-5544

Thinking about selling your home?

We’ll provide current market comps and connect you with a trusted expert.

CityRealty Logo

Sell a Home (Footer)

"*" indicates required fields

or Call (212) 755-5544

Before You Move On
from this Page.

Subscribe for NYC's Lastest Design, Lifestyle,
and Real Estate Trends!

No Worries. We Don’t Spam.

By providing your email address, you agree to our Terms of Use and Privacy Policy.
You can unsubscribe at any time.

Your Passport to NYC:
Subscribe for Local Insights and Stories!

No Worries. We Don’t Spam.

By providing your email address, you agree to our Terms of Use and Privacy Policy.
You can unsubscribe at any time.