Affordable Housing

50 middle-income apartments available on the Astoria waterfront, from $3,105/month

Renderings courtesy of NYC Department of Housing Development and Preservation

March 22, 2024

50 middle-income apartments available on the Astoria waterfront, from $3,105/month

By
Applications are now being accepted for 50 middle-income apartments at a new residential development on the Astoria waterfront. Located at 26-25 4th Street, The Winslow offers brand-new luxury apartments and breathtaking waterfront views of the Manhattan skyline. New Yorkers earning 130 percent of the area median income, or between $106,458 for a single person and $198,250 for a household of five, can apply for the units, which range from $3,105/month studios to $3,963/month two bedrooms.
find out more
Lottery opens for 155 affordable apartments in Far Rockaway, from $410/month

Rockaway Village. Photo ©️David Sundberg ESTO

March 19, 2024

Lottery opens for 155 affordable apartments in Far Rockaway, from $410/month

By
A housing lottery opened this week for 155 apartments at a new 100 percent affordable development in Far Rockaway. The building at 1605 Village Lane is the fourth phase of Rockaway Village Apartments, a sprawling housing project with 1,700 apartments connected by several public plazas. New Yorkers earning 30, 50, 60, and 80 percent of the area median income, or between $17,006 for a single person and $140,080 for a household of seven, can apply for the units, priced from $410/month studios to $2,035/month three bedrooms.
see more
NYC officials seek $2 billion for permanent affordable housing

Image courtesy of Nelson Ndongala on Unsplash

March 11, 2024

NYC officials seek $2 billion for permanent affordable housing

By
A group of progressive New York City officials on Monday launched a campaign advocating for permanent affordable housing. Members of the City Council's Progressive Caucus announced the "Homes Now, Homes for Generations" campaign, calling for $2 billion in capital funding over four years to support two Department of Housing Preservation and Development (HPD) programs that expand multi-family homeownership and preserve rent-stabilized apartments, as first reported by Politico.
discover more
Midtown South rezoning plan could create 4,000 new homes

Photo © 6sqft

March 8, 2024

Midtown South rezoning plan could create 4,000 new homes

By
The city released new details for its plan to create thousands of new homes in a predominantly commercial area of Midtown. The Department of City Planning on Friday released the Midtown South draft zoning plan, which details a 42-block rezoning to allow for high-density, mixed-use districts with 4,000 new homes, up to 1,110 of which would be income-restricted. The zoning changes would permit new housing in areas previously designated solely for commercial and manufacturing uses.
find out more
Leasing launches for apartments at Brooklyn’s landmarked Empire State Dairy complex

Renderings courtesy of The Moinian Group and Bushburg

February 27, 2024

Leasing launches for apartments at Brooklyn’s landmarked Empire State Dairy complex

By
Here's a chance to live in a modern apartment building within a historic and unique Brooklyn property. Leasing launched this week for 320 apartments at The Highland at 2480 Atlantic Avenue, the site of the landmarked Empire State Dairy Company complex in East New York. Developed by The Moinian Group and Bushburg and designed by Dattner Architects, the mixed-use development incorporates the early 1900s buildings with a brand new 14-story residential tower offering a mix of studios, one-bedrooms, two-bedrooms, and three-bedroom rentals.
find out more
In win for Stuy Town tenants, Blackstone drops challenge to rent stabilization

Image courtesy of Billie Grace Ward on Flickr

February 26, 2024

In win for Stuy Town tenants, Blackstone drops challenge to rent stabilization

By
Every apartment in Stuyvesant Town-Peter Cooper Village is now permanently rent-stabilized. Owner Blackstone Group on Saturday withdrew its appeal of a court ruling last year that found deregulating apartments within Manhattan's largest apartment complex was unlawful. Blackstone, which purchased the 11,200-unit complex in 2015 with plans to charge market-rate rents for half of the apartments, cited its "unwavering commitment" to Stuy Town tenants as the reason for its withdrawal, according to Gothamist.
learn more
Lottery opens for 131 units at shoreside Staten Island rental, from $1,790/month

Renderings courtesy of BFC Partners

February 26, 2024

Lottery opens for 131 units at shoreside Staten Island rental, from $1,790/month

By
In a Staten Island neighborhood gearing up for development, this new 100 percent affordable building is leading the way. The Pearl, located at 475 Bay Street in Stapleton, is a 12-story tower with 270 apartments, about half of which are affordable to households earning at or below 80 percent of the area median income. The project is one of the first developments to be built under the recent Bay Street Corridor rezoning. A housing lottery opened last week for 131 apartments; qualifying New Yorkers can apply for the units, priced between $1,790/month for studios and $2,481/month for three bedrooms.
do you qualify?
5,000 NYCHA apartments are sitting vacant, new report finds

Drew Hamilton Houses in Harlem. Photo by Jim.henderson on Wikimedia

February 22, 2024

5,000 NYCHA apartments are sitting vacant, new report finds

By
Despite the city's current housing and homelessness crisis, about 5,000 public housing apartments are sitting vacant. According to a report published Wednesday by Bart Schwartz, the federal monitor overseeing the New York City Housing Authority (NYCHA), a special team assembled by the agency to expedite turning over vacant apartments has actually slowed down the process, leaving apartments in need of repairs empty for months, as The City reported. The number of empty NYCHA apartments has increased from just about 490 in 2021 to nearly 5,000 as of last month, even though roughly 240,000 New Yorkers are on the waitlist for an apartment.
learn more
Mayor Adams sued over failure to enact housing voucher laws

Photo by Bex Walton on Flickr

February 21, 2024

Mayor Adams sued over failure to enact housing voucher laws

By
The New York City Council on Wednesday filed a motion to join a class-action lawsuit against Mayor Eric Adams for failing to comply with new laws regarding housing vouchers that should have taken effect on January 9. The Legal Aid Society filed the suit last week on behalf of four plaintiffs who are unable to access housing vouchers they are entitled to under laws passed by the City Council last year, according to Gothamist.
get more info
Lottery opens for 83 mixed-income luxury apartments near Times Square, from $934/month

Rendering courtesy of the NYC Department of Housing Preservation and Development

February 21, 2024

Lottery opens for 83 mixed-income luxury apartments near Times Square, from $934/month

By
A housing lottery opened this week for 83 mixed-income apartments at a new rental in Midtown West. Located at 312 West 43rd Street on the border of Times Square and Hell's Kitchen, the 33-story building offers 330 luxury apartments with high-end finishes, state-of-the-art amenities, and a central location. New Yorkers earning 40, 60, and 120 percent of the area median income, or between $32,023 for a single person and $183,000 for a household of five, can apply for the apartments, which range from $934/month studios to $3,813/month two bedrooms.
see more
All-electric affordable housing project planned for Mott Haven parking lot

Renderings courtesy of STAT Architecture PC

February 20, 2024

All-electric affordable housing project planned for Mott Haven parking lot

By
A project that will bring an all-electric affordable housing development and a new community theater to Mott Haven is moving forward. The city's Department of Housing Preservation and Development (HPD) last week selected the team that will convert a city-owned parking lot at 351 Powers Avenue into a 90-unit, fully-electric affordable housing development dubbed the Powerhouse Apartments. The South Bronx development is part of Mayor Eric Adams' "24 in 24" plan, which calls for two dozen affordable housing developments on public land to advance this year.
details this way
21 middle-income luxury apartments available in the South Bronx, from $1,800/month

All renderings courtesy of the NYC Department of Housing Preservation and Development

February 16, 2024

21 middle-income luxury apartments available in the South Bronx, from $1,800/month

By
Applications are now being accepted for 21 middle-income apartments at a new rental development in the South Bronx. Located at 2976 Third Avenue in Melrose, the 15-story building offers residents newly constructed luxury units with spacious open layouts. New Yorkers earning 130 percent of the area median income, or between $61,715 for a single person and $198,250 for a household of five, can apply for the apartments, priced at $1,800/month for studios, $2,250/month for one-bedrooms, and $2,600/month two-bedrooms.
Find out if you qualify
Crown Heights townhouse seized from slumlords available for $678K through lottery

Photos courtesy of NYC Housing Preservation and Development

February 12, 2024

Crown Heights townhouse seized from slumlords available for $678K through lottery

By
A Crown Heights townhouse owned by an infamous slumlord duo and seized by the city is for sale. The home at 1214 Dean Street was turned over in 2022 after a $2.25 million settlement between the city and the previous owners, who tried to illegally evict tenants during the pandemic and ran an illegal hotel. Following a restoration, the property is now accepting applications as part of the city's affordable housing lottery system. First-time homebuyers with at least a four-person household earning 110 percent of the area median income can apply to buy the home, which is listed at $678,000.
HOW TO APPLY
NYC rental vacancy rate drops to 1.4%, lowest in 50+ years

Photo by Goh Rhy Yan on Unsplash

February 9, 2024

NYC rental vacancy rate drops to 1.4%, lowest in 50+ years

By
New York City's net rental vacancy rate has dropped to a mere 1.4 percent, the lowest rate on record. According to a survey released by the Department of Housing Preservation and Development on Thursday, the city had a little over 33,000 vacant rental apartments available between January and mid-June of 2023 citywide, out of a total stock of 2,357,000 units. Despite adding 60,000 units since 2021, the demand for housing in all five boroughs is outpacing the construction of new homes.
find out more
New York lawmakers propose new state agency to build affordable ‘social housing’

Photo courtesy of edwardhblake on Flickr

February 7, 2024

New York lawmakers propose new state agency to build affordable ‘social housing’

By
New York lawmakers want to create a new publicly-funded agency to address the state's ongoing affordable housing crisis. State Sen. Cordell Cleare and Assembly Member Emily Gallagher on Tuesday introduced a bill proposing the creation of the Social Housing Development Authority (SHDA), a new agency that would use state money to finance the creation of permanently affordable, 100 percent union-built housing, instead of relying on private developers. According to City Limits, SHDA would create "social housing," a term used to describe developments typically owned by public entities, non-profits, or the residents themselves.
find out more
116 deeply affordable homes coming to city-owned Prospect Heights site

All images courtesy of HPD

February 6, 2024

116 deeply affordable homes coming to city-owned Prospect Heights site

By
A project that will bring affordable apartments and a community garden to Prospect Heights is underway. The city's Department of Housing Preservation and Development (HPD) last week selected Apex Building Group and Bridge Street Development Corporation to convert a 17,000-square-foot HPD satellite office at 516 Bergen Street into a 116-unit affordable housing development known as "Bergen Green." The project falls under the Atlantic Avenue Mixed-Use Plan (AAMUP), which in combination with the nearby redevelopment of a Dean Street parking lot, will bring roughly 270 affordable homes to Prospect Heights.
find out more
NYC unveils plan to develop 570 affordable homes on Inwood parking lot

All images courtesy of the NYC Department of Housing Preservation and Development

January 30, 2024

NYC unveils plan to develop 570 affordable homes on Inwood parking lot

By
New York City is moving forward with an ambitious plan to advance two dozen affordable housing projects on public land this year. The city's Department of Housing Preservation and Development (HPD) on Monday began the public outreach process for the redevelopment of an unused city-owned parking lot in Inwood with roughly 570 affordable homes, public green space, and a STEM facility. The Inwood Waterfront project falls under Mayor Eric Adams' "24 in 24" plan, which pushes for 24 affordable housing developments on 24 publicly-owned sites to ultimately create or preserve more than 12,000 housing units.
learn more
Adams looks to develop 24 affordable housing projects on public sites across NYC

Photo courtesy of Michael Appleton/Mayoral Photography Office on Flickr

January 24, 2024

Adams looks to develop 24 affordable housing projects on public sites across NYC

By
The city will push forward 24 residential developments on city-owned properties across the five boroughs. During his State of the City address on Wednesday, Mayor Eric Adams unveiled several proposals addressing the ongoing housing crisis, including a new initiative called "24 in 24." The plan calls for two dozen affordable housing projects on public land, which could create and preserve over 12,000 affordable apartments.
READ MORE
NYC to curb ‘community preference’ policy in affordable housing lotteries

Rendering of the Peninsula project in the South Bronx, which gave a 50 percent preference for residents of Bronx Community District 2. Courtesy of WXY Studios

January 23, 2024

NYC to curb ‘community preference’ policy in affordable housing lotteries

By
New York City will restrict the preference it gives to residents applying for an affordable apartment within their community district according to a settlement reached on Monday. Under the current policy, 50 percent of affordable apartments are set aside for New Yorkers who live in the same neighborhood as the development, known as “community preference." After a lawsuit first filed in 2015 challenging the policy as discriminatory, a new order signed Monday caps the preference to 20 percent of units through 2029 and then to 15 percent after that.
details here
139 beachfront apartments available in Coney Island, from $1,640/month

Rendering courtesy of the NYC Department of Housing Preservation and Development

January 16, 2024

139 beachfront apartments available in Coney Island, from $1,640/month

By
About a block from the Atlantic Ocean and the world-famous Riegelmann Boardwalk, a new Coney Island rental has opened a lottery for 139 mixed-income apartments. Located at 1515 Surf Avenue, the 16-story development is the city's first multi-family geothermal project, meaning it uses the Earth to heat and cool the building instead of fossil fuels. New Yorkers earning 80 and 130 percent of the area median income, or between $60,069 for a single person and $198,250 for a household of five, can apply for the apartments, ranging from $1,640/month one-bedrooms to $3,013/month two-bedrooms.
do you qualify?
Hochul calls for replacement and extension of 421-a tax abatement in NYC

Photo courtesy of Governor Kathy Hochul on Flickr

January 10, 2024

Hochul calls for replacement and extension of 421-a tax abatement in NYC

By
As housing production in New York City hits new lows, Gov. Kathy Hochul is calling once again for a replacement of the 421-a tax abatement program that expired in 2022. During her 2024 State of the State address on Tuesday, the governor said she plans to introduce legislation permitting the city to offer a tax break to developers of new rental construction, as well as an extension of the completion deadline of the expired program. Hochul's previous proposals to replace the program in 2022 and 2023 failed to move forward.
learn more
Apply for 87 income-restricted apartments in prime Fort Greene, from $910/month

Rendering courtesy of NYC Department of Housing Preservation and Development; 142 South Portland Avenue site before construction, photo courtesy of MDG Design + Construction

January 5, 2024

Apply for 87 income-restricted apartments in prime Fort Greene, from $910/month

By
Applications are now being accepted for 87 affordable apartments at a new mixed-use project in Fort Greene. The Hanson Place Community Plaza development at 142 South Portland Avenue has 104 apartments, 10,000 square feet of community space, and a prime location, just a block from the mall and transit hub at Atlantic Avenue and the Barclays Center. Qualifying New Yorkers earning 50, 60, and 140 percent of the area median income can apply for the apartments, priced from $910/ month for studios to $3,654/month for three-bedrooms.
find out if you qualify
Nearly 200 mixed-income apartments available near Yankee Stadium, from $465/month

Rendering courtesy of the NYC Department of Housing Preservation and Development

December 28, 2023

Nearly 200 mixed-income apartments available near Yankee Stadium, from $465/month

By
A housing lottery opened this week for 198 mixed-income units at a new residential development in the South Bronx. Located as part of a two-building project at River Avenue and McClellan Street, the McClellan Apartments is a 17-story building with 250 apartments. New Yorkers earning 30, 50, 70, and 100 of the area median income, or between $18,515 for a single person and $175,100 for a household of seven people, can apply for the apartments, which range from $465/month studios to $2,639/month three bedrooms.
see more
NYC rental subsidy aims to build more affordable housing in wealthy neighborhoods

Image courtesy of mari small on Unsplash

December 27, 2023

NYC rental subsidy aims to build more affordable housing in wealthy neighborhoods

By
The city on Tuesday announced plans to subsidize mixed-income rental projects in neighborhoods with few low-cost homes as a way to jumpstart development following the end of the 421-a tax exemption. The new program, called the Mixed Income Market Initiative (MIMI), would make public money available for the first time to projects with both affordable and market-rate units, with the goal of incentivizing developers to build more affordable homes using revenue generated from the market-rate apartments.
learn more
NYC Council approves bill limiting criminal background checks by landlords

Image courtesy of Emiliano Bar on Unsplash

December 21, 2023

NYC Council approves bill limiting criminal background checks by landlords

By
The New York City Council on Wednesday passed legislation limiting the use of criminal background checks by landlords when screening tenants. Sponsored by Council Member Keith Powers, "The Fair Chance for Housing Act" amends the city's Human Rights Law to prohibit landlords, owners, and real estate brokers from rejecting applicants based on past convictions. However, landlords can consider misdemeanor convictions from the last three years and felony convictions within five years. Other exemptions to the bill include certain sex crimes and one- or two-family homes where the owner also lives.
learn more
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 Daily Dose
of NYC Life!

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.