Affordable Housing

May 30, 2018

Lottery opens for 12 new affordable units in East Harlem, from $856/month

With East Harlem becoming hipper by the month, this affordable housing lottery for 12 units at the new building 2183 Third Avenue is a super steal, especially considering the building offers a gym, rooftop, recreation area, and laundry room. From $856/month studios to $1,114/month two-bedrooms, the apartments are available to households earning 60 percent of the area median income. Located at the northeast corner of East 119th Street and Third Avenue, the 12-story building is not only three blocks from the 6 train, but it's right near local hot spots like the original Patsy's Pizza and Hot Jalapeno, as well as the Target and Costco at East River Plaza.
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Affordable Housing

The Bronx Zoo, courtesy of Julienne Schaer on NYC &C Company

May 29, 2018

13 middle-income apartments up for grabs right near the Bronx Zoo

By Dana Schulz

With the warm weather officially here, living just a couple blocks from the Bronx Zoo and a short walk to the Crotona Park Nature Center sounds like a pretty nice idea. Throw in a location right alongside Mapes Ballfield and middle-income rent and you've got yourself a deal. There are 13 units at East Tremont's 2118 Mapes Avenue available for households earning 130 percent of the area median income, and they range from $1,100/month studios to $1,600/month two-bedrooms.
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Affordable Housing

Lottery launches for three middle-income units in historic Weeksville for $2,700/month

Rendering via Samuel Wieder Associates

May 24, 2018

Lottery launches for three middle-income units in historic Weeksville for $2,700/month

By Devin Gannon

A housing lottery launched this week for three middle-income units in the Crown Heights area of Weeksville, a historic Brooklyn neighborhood founded by freed African Americans about 180 years ago. Conveniently, the newly constructed rental at 233 Buffalo Avenue sits just a few blocks from the Weeksville Heritage Center, a museum dedicated to preserving the history of the 19th century African American community. Qualifying New Yorkers earning 130 percent of the area median income can apply for the $2,700/month three-bedroom units.
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Affordable Housing

Since 1993, NYC has lost 152,000 regulated units after landlords increased rent, report says

Image by Jorbasa Fotografie / Flickr

May 21, 2018

Since 1993, NYC has lost 152,000 regulated units after landlords increased rent, report says

By Devin Gannon

In the midst of an affordable housing crisis, rents in New York City continue to rise, a record number of New Yorkers make up the city’s homeless population and the amount of rent regulated apartments are in danger of vanishing completely. An investigation released Sunday by the New York Times found rent-stabilized apartments have been disappearing since city and state lawmakers first eradicated rent laws in 1993. Since then, the city has lost more than 152,000 regulated apartments as a result of landlords exploiting weak regulations and pushing out rent-regulated tenants, with little or no consequence from city and state agencies. And another 130,000 more apartments have been lost due to expiring tax breaks and co-op and condo conversions.
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Three chances to snag a middle-income apartment in East Flatbush, from $1,733/month

Photo via Absolute Consulting/ Michael Avramides Architects

May 21, 2018

Three chances to snag a middle-income apartment in East Flatbush, from $1,733/month

By Devin Gannon

A recently constructed building in the East Flatbush neighborhood of Brooklyn launched a lottery this week for three middle-income units. The rental units at 1544 Nostrand Avenue sit just a block from the 2 and 5 trains at Church Avenue and about a mile from the southern part of Prospect Park. Qualifying New Yorkers earning 130 percent of the area median income can apply for the $1,733/month one-bedroom and $2,089/month two-bedroom apartments. While the lottery offers a discount, it's relatively small, with market-rate one-bedrooms in Flatbush going for $1,917/month for a one-bedroom and $2,120 for a two-bedroom on average, according to RENTCafe.
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Affordable Housing

Live in a new Art Deco-inspired rental in Crown Heights, from $1,080/month

Via CitiHabitats

May 18, 2018

Live in a new Art Deco-inspired rental in Crown Heights, from $1,080/month

By Devin Gannon

A Karl Fischer-designed rental in Crown Heights launched a lottery this week for 40 affordable one- and two-bedroom apartments. Dubbed The Frederick, the building at 564 St. John's Place boasts a masonry and cast stone facade lined with stunning bay windows. To break away from the cookie-cutter look of new developments, the Frederick has residences with "state-of-the-art, but full of uncommon detail," according to the building website. Qualifying New Yorkers earning 60 percent of the area median income can apply for the affordable units, consisting of $1,080/month one-bedrooms and $1,223/month two-bedrooms.
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Affordable Housing

Lottery opens for 59 middle-income units near MoMA PS1 in Long Island City, from $2,098/month

Rendering via HAAK architects

May 18, 2018

Lottery opens for 59 middle-income units near MoMA PS1 in Long Island City, from $2,098/month

By Devin Gannon

Applications are now being accepted for 59 newly constructed, middle-income units in the heart of thriving Long Island City in Queens. HAAK architects designed the 12-story building at 11-39 49th Avenue, which boasts a unique patchwork facade made of tricolor brick. The rental sits less than a block from the 7 train and MoMA PS1 and less than a mile from Gantry Plaza State Park on the waterfront. Qualifying New Yorkers earning 130 percent of the area median income can apply for the units, which range from a $2,098/month studio to a $3,131/month three-bedroom.
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Affordable Housing

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 Devin Gannon

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).
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May 16, 2018

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

By Devin Gannon

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.
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Affordable Housing

May 16, 2018

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

By Devin Gannon

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.
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Affordable Housing

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

By Dana Schulz

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.
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Affordable Housing

May 11, 2018

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

By Devin Gannon

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.
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Affordable Housing

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 Devin Gannon

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.
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Affordable Housing

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 Dana Schulz

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.
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Affordable Housing

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 Devin Gannon

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.
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May 10, 2018

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

By Dana Schulz

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.
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Affordable Housing

May 9, 2018

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

By Devin Gannon

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.
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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 Devin Gannon

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.
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Affordable Housing

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 Dana Schulz

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.
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Affordable Housing

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 Devin Gannon

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.
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Affordable Housing

May 4, 2018

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

By Devin Gannon

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.
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Affordable Housing

May 4, 2018

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

By Devin Gannon

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.
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Affordable Housing

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 Michelle Cohen

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.”
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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 Devin Gannon

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.
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Affordable Housing

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 Dana Schulz

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
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Affordable Housing

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