Affordable Housing

March 9, 2017

As the Mayor weighs options for loss of public housing funding, Trump considers $6B in HUD cuts

Just two days after newly appointed Secretary of HUD (the U.S. Department of Housing and Urban Development) Ben Carson went along with plans to cut federal funding to NYCHA by at least $35 million, the Trump administration is reportedly considering decreasing HUD's total budget by a staggering $6 billion, or 14 percent, according to a leaked budget draft obtained by the Washington Post. Though it's not clear how the cuts will affect NYC specifically, previous estimates said cuts to NYCHA's federal aid could easily balloon to $150 million this year, and Mayor de Blasio was already weighing his options for how to deal with the blow. The Wall Street Journal reports that he said yesterday he plans to put aside city money to help fill the gap, but if the city is "cut on many, many fronts simultaneously," there won't be enough to cover the loss in federal funding.
What happens next?

Mapping America’s affordable housing shortage

March 8, 2017

Mapping America’s affordable housing shortage

By Devin Gannon

Extremely low-income renters face a shortage of affordable housing in every single state and major metropolitan area in the United States, a deficiency of 3.9 million units, according to a report (h/t CityLab) by the National Low Income Housing Coalition (NLIHC). Nationwide, only about 35 affordable housing units exist per 100 extremely low-income homes, labeled as ELI households, and in the New York metro area (as defined by New York-Newark-Jersey City) the results are just as grim with only 32 units available per 100 households at or above the ELI threshold.
find out more here

Lottery opens for historic brownstone-replacing apartments in Harlem, from $659/month

March 7, 2017

Lottery opens for historic brownstone-replacing apartments in Harlem, from $659/month

The block of East 126th Street between Madison and Park Avenues was once a rare, uninterrupted row of century-and-a-half-old brownstones. But many of them sat vacant in recent years, their windows boarded up and adorned with graffiti. One of these was number 58 in the middle of the block. In 2012, its roof was caving in and its floors collapsing. The city deemed it structurally unsound, as the Times reported at the time, and slated it for demolition. Despite arguments from local preservationists that this would destroy the historic block's uniformity, the site was replaced with a new modern, mixed-use rental building that extends through to 125th Street. The building, which goes by 69 East 125th Street, topped off this past summer and now its 15 affordable apartments--20 percent of the total 75 rentals--are available through the city's lottery process. They're available to those earning 60 percent of the area median income and range from $659/month studios to $797/month two-bedrooms.
Find out more

Affordable Housing

Study finds Bronx residents most in danger of housing displacement due to gentrification

March 7, 2017

Study finds Bronx residents most in danger of housing displacement due to gentrification

By Michelle Cohen

A new report from the Regional Plan Association finds that residents of the Bronx are at highest risk of being pushed out due to gentrification compared to other New Yorkers, according to DNAinfo. The report, titled "Pushed Out: Housing Displacement in an Unaffordable Region," looks at the effect of rising housing costs in New York City and addresses what it names "A Crisis of Affordability." The report found the threat of being pushed out due to lack of affordable housing was a threat in 71 percent of census tracts in the Bronx. Following in displacement risk was Brooklyn at 55 percent, Manhattan and Queens at 31 percent each and Staten Island at 15 percent.
People moving out, people moving in

Affordable Housing

NYCHA’s federal funding cut by $35M

March 7, 2017

NYCHA’s federal funding cut by $35M

Just a day after Ben Carson's confirmation as Secretary of the U.S. Department of Housing and Urban Development (HUD) last week, the New York City Housing Authority (NYCHA) penned a letter not only inviting him to tour the city's public housing stock (the largest in the country) but urging him not to support budget cuts that would ultimately affect its 400,000 residents. Roughly $2 billion of NYCHA's total $3.2 billion operating budget comes from HUD funding, which is immediately needed for the thousands of apartments in dire need of repairs. But their worst fears have come true, as the Wall Street Journal confirms that Trump's first budget cuts geared towards the city reduce NYCHA's support by $35 million, the agency's largest decrease in federal aid in five years, and this figure could very well grow to an unprecedented $150 million.
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Apply for 50 affordable units along Bronx Park, from $734/month

March 7, 2017

Apply for 50 affordable units along Bronx Park, from $734/month

The Bedford is a $22 million, 10-story, 60-unit affordable housing building in the Norwood section of the Bronx. Located at 3160 Webster Avenue, right alongside Bronx Park and just a quick walk to both the New York Botanical Garden/Bronx Zoo and Woodlawn Cemetery/Van Cortlandt Park, the project offers a small number of units for formerly homeless New Yorkers and 50 apartments reserved for those earning 50, 60, and 80 percent of the area median income. Applications are now being accepted through the city's affordable housing lottery for this larger group, which range from $734/studios to $1,745/month three-bedrooms.
See if you qualify

Affordable Housing

Waitlist opens for middle-income apartments at downtown’s historic Front Street

March 6, 2017

Waitlist opens for middle-income apartments at downtown’s historic Front Street

In 2005, the Durst Organization and COOKFOX Architects completed a restoration of 11 landmarked rowhouses along the historic, cobblestoned Front Street in the South Street Seaport, preserving the nearly 200-year-old structures. In addition, they constructed three new buildings on the block between Beekman Street and Peck Slip to offer a total of 13 street-level retail spaces and 95 residential units above. The New York State Housing Finance Agency provided more than $46 million in funding for the project, and as such stipulated that five percent of the apartments be reserved as below-market rate. Back in 2012, a waitlist opened for these units, and as of today, the next waitlist is accepting applications. The middle-income homes are available to those earning no more than 150 percent of the area median income and range from $2,268/month studios to $2,913/month two-bedrooms.
Find out if you qualify

Affordable Housing

With Ben Carson’s confirmation as HUD Secretary, NYCHA plans next steps

March 3, 2017

With Ben Carson’s confirmation as HUD Secretary, NYCHA plans next steps

Retired neurosurgeon and failed Republican presidential nominee Dr. Ben Carson is officially the Secretary of the U.S. Department of Housing and Urban Development (HUD), which will put him in charge of 8,000 federal employees and an agency with a $47 billion budget, tasked with overseeing most of the nation's affordable and public housing, enforcing fair housing laws, and providing low-income persons with mortgage insurance. The senate voted yesterday 58-41 to confirm his appointment; the relative lack of Democratic pushback was surprising considering Carson not only has no political experience, but no apparent knowledge of housing, development, or urban issues. Likely with this in mind, the New York City Housing Authority (NYCHA) has already extended an invitation for Carson to come tour the city's housing developments.
What's next for HUD?

Live in a hip DUMBO warehouse conversion for $895/month, lottery opening at 181 Front Street

March 2, 2017

Live in a hip DUMBO warehouse conversion for $895/month, lottery opening at 181 Front Street

Back in 2012, Megalith Capital Management and Urban Realty Partners bought two neighboring DUMBO sites from the Jehovah’s Witnesses for more than $30 million. They then tapped Aufgang Architects to design both warehouse conversions: a landmarked former Brillo factory at 200 Water Street was transformed into 15 boutique condos; 181 Front Street into a 105-unit rental. Twenty percent of apartments in the latter development are reserved as affordable, and as of tomorrow, New Yorkers earning 60 percent of the area median income can apply for these 21 units, which range from $895/month one-bedrooms to $1,247/month three-bedrooms.
Get all the info here

Affordable Housing

Lottery opens for first affordable units at Essex Crossing, from $519/month

March 2, 2017

Lottery opens for first affordable units at Essex Crossing, from $519/month

It's been almost exactly a year since Beyer Blinder Belle released renderings of Essex Crossing's site 5, a $110 million, 15-story mixed-use building that will give way to 73,000 square feet of retail space, where Trader Joes and Planet Fitness will move in, and a 15,000-square-foot adjacent park. Located just a block southwest of the Manhattan entrance of the Williamsburg Bridge at 145 Clinton Street, it will have 211 rental units, half of which will be reserved for low- and middle-income individuals. These 104 affordable apartments are now available through the city's online housing lottery, the first of the mega-development's 561 affordable residences to come online. They're set aside for those earning 40, 60, 120, and 165 percent of the area media income and range from $519/month studios to $3,424/month three-bedrooms.
Find out if you qualify

Affordable Housing

Popular Articles

Mayor de Blasio to unveil plan to open 90 new homeless shelters amid growing community opposition

February 28, 2017

Mayor de Blasio to unveil plan to open 90 new homeless shelters amid growing community opposition

By Michelle Cohen

The exact details of the mayor's proposal, to be announced Tuesday afternoon, are not yet known, but the focus will undoubtedly be the mayor's ongoing battle to significantly beef up the city's overwhelmed shelter system, according to the New York Times. New York–along with Los Angeles, San Francisco and Washington, D.C,– has experienced an increase in homelessness in recent years, though the number of homeless people has declined nationwide. The city's shelter infrastructure is over capacity to the point that, as 6sqft previously reported, around $400,000 a day is being spent on using hotel rooms as temporary shelters. Homelessness is one of the mayor's thorniest problems; the proposal will reportedly increase the number of shelters throughout the city by nearly one third.
Why the opposition?

120 more affordable units available at the Bronx’s Compass Residences complex, from $822/month

February 24, 2017

120 more affordable units available at the Bronx’s Compass Residences complex, from $822/month

Back in 2011, Dattner Architects created the West Farms Redevelopment Plan, a rezoning (the largest ever in the Bronx at the time) of a 17-acre, 11-block former industrial area in Crotona Park East. The plan calls for a total of 1,325 affordable housing units, 46,000 square feet of retail, and community facilities. Dattner's first two buildings in the complex are called theCompass Residences, which provide 237 apartments arranged around a series of courtyards. This past December, 114 of these residences at 1544 Boone Avenue came online through the city's affordable housing lottery, and now, 120 more at 1524 Boone Avenue are open to New Yorkers earning 60 and 90 percent of the area median income, ranging from $822/month studios to $1,740/month three-bedrooms.
Find out here if you qualify

Affordable Housing

Design team suggests a new mission-driven gentrification model geared toward artists and small businesses

Image: mx.org

February 23, 2017

Design team suggests a new mission-driven gentrification model geared toward artists and small businesses

By Michelle Cohen

We’ve definitely seen a lifetime’s worth of the trajectory that runs from warehouse to art studio to luxury loft, starting with neighborhoods like Soho and picking up speed as developers got into the act, anticipating the next "it" enclave with manageable rents attracting the young and creative. A team of New York-based designers developed a proposal for reaping the benefits of economic growth in the city's industrial areas without pricing out all but the wealthiest players. Soft City reports the details of this “mission-driven gentrification” concept, which suggests an all-new development model for the city's manufacturing neighborhoods (known as M1 districts), helmed by mission-based organizations and a building typology that caters to small businesses and artists.
Bright ideas, this way

Health-focused supportive and affordable housing complex breaks ground in the Bronx

February 23, 2017

Health-focused supportive and affordable housing complex breaks ground in the Bronx

Yesterday, mental health nonprofit Community Access broke ground on a new, $52.2 million supportive and affordable housing complex in the Mount Eden neighborhood of the Bronx. Located at 111 East 172nd Street, the building has 126 units, 60 of which will be set aside for Medicaid high-need individuals with mental health concerns and 65 for low-income families. It incorporates sustainable elements such as solar panels and a co-generation plant, as well as health-focused amenities like a community garden and kitchen to encourage and teach about healthy eating, outdoor exercise equipment, and a bike sharing program.
Find out more

New bill would calculate AMI for affordable housing based on zip code, not region

February 21, 2017

New bill would calculate AMI for affordable housing based on zip code, not region

To set qualification guidelines for its affordable housing lotteries, the city turns to the set area median income (AMI), basing annual household income and rents off this figure. However, as The Real Deal explains, "the U.S. Department of Housing and Urban Development calculates AMI regionally, "using a formula that lumps the five boroughs together with Putnam, Westchester, and Rockland counties." For 2016, this equated to $65,200 for a single person and $90,600 for a family of four, but a new bill proposed by Democratic State Senator Michael Gianaris and Assemblymember Brian Barnwell would require developers of new 421-a projects to calculate AMI based on the specific zip code in which the building is going up.
More info ahead

More basement apartments would help ease the city’s housing crisis, says new study

February 17, 2017

More basement apartments would help ease the city’s housing crisis, says new study

By Michelle Cohen

A study released Thursday by the Citizens Housing and Planning Council (CHPC) suggests that Mayor Bill de Blasio's initiatives to ease the city's housing woes should include a program that would convert the 38,000 or so basements in the city's single-family homes without having to make big changes to city or state laws. As Crain's reports, the study is part of the CHPC’s Making Room initiative that explores how alternative housing typologies can better meet the needs of New York’s diverse households. The council introduced the study by stating their belief that "based on the ﬁndings we present here, that a basement conversion program in New York City would be an eﬃcient and exciting way to add residential density and expand housing choices in our expensive and highly constrained urban market."
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227 COOKFOX-designed affordable apartments up for grabs near the NY Botanical Garden and Bronx Zoo

February 15, 2017

227 COOKFOX-designed affordable apartments up for grabs near the NY Botanical Garden and Bronx Zoo

Starting today, 227 brand new affordable apartments are up for grabs at 4275 Park Avenue in the Bronx. The residence, dubbed Park House, is a new construction designed by COOKFOX Architects and developed by Breaking Ground, a non-profit organization that matches low-income New Yorkers with homes. Park House is the first affordable project undertaken by the organization and will offer energy-efficient studio, one-, two-, and three-bedroom apartments priced between $494 and $1181 to qualifying applicants earning between 40 and 60 percent of the area median income.
more details here

Affordable Housing

February 13, 2017

De Blasio’s 2017 affordable housing plan includes $1.9B for 10,000 new units and Elder Rent Assistance program

In preparation for his State of the City address this evening at the Apollo, the Mayor announced two major affordable housing initiatives. The first will allocate $1.9 billion for 10,000 new apartments reserved for households earning less than $40,000, 5,000 of which will be set aside for seniors and 500 for veterans. The second implements a new Elder Rent Assistance program to provide 25,000 seniors with monthly rental assistance of up to $1,3000, to be funded by the city's proposed Mansion Tax.
More details ahead

143 chances to live in Downtown Brooklyn from $897/month, lottery open at 33 Bond Street

February 13, 2017

143 chances to live in Downtown Brooklyn from $897/month, lottery open at 33 Bond Street

A new 25-story rental building in booming Downtown Brooklyn is nearing completion at 33 Bond Street, just a block or two away from almost every subway line and a few blocks from BAM. Developer TF Cornerstone paid $70 million for the site, a former parking garage, in early 2014, partnering with Handel Architects on the rather standard, bulky, glassy design. In total, there will be 714 apartments, 143 of which have been set aside as affordable. These below-market rate units are now up for grabs through the city's affordable housing lottery and range from $897/month studios to $1,166/two-bedrooms for households earning 60 percent of the area median income.
Find out if you qualify

Affordable Housing

Proposed East Harlem mixed-use development may contain city’s tallest building with affordable housing

February 9, 2017

Proposed East Harlem mixed-use development may contain city’s tallest building with affordable housing

Looking to take advantage of the newly opened Second Avenue Subway stop at 96th Street, the New York City Educational Construction Fund and AvalonBay Communities are working their way through the city approval process to build a 1.14 million-square foot, full-block, mixed-use development in East Harlem. CityRealty tells us that the project located at 321 East 96th Street would hold two new school buildings for three different local schools, 20,000 square feet of retail space, a rebuilt playground, and a 68-story, 760-foot residential tower that would offer between 1,100 and 1,200 units and possibly become the city's tallest building to contain affordable housing (roughly 330 below-market rate units).
More details and renderings

Massive Sendero Verde project will bring 655 affordable ‘passive house’ rentals to East Harlem

February 7, 2017

Massive Sendero Verde project will bring 655 affordable ‘passive house’ rentals to East Harlem

A massive, mixed-use development is moving ahead in East Harlem, reports Politico, as the city has selected Jonathan Rose Companies to work with L+M Development Partners on the 751,000-square-foot project. Dubbed Sendero Verde ("green pathway"), the site is located on the block bound by East 111th and 112th Streets and Park and Madison Avenues, and it will create 655 affordable passive house apartments, as well as a YMCA, job training center, 85,000-square-foot DREAM charter school, space for the local non-profit Union Settlement, a grocery store, restaurant, and preventative health care facility run by Mount Sinai.
All the details ahead

Five chances to live in burgeoning East Harlem for $985/month

February 7, 2017

Five chances to live in burgeoning East Harlem for $985/month

With the Second Avenue Subway sending Upper East Side real estate prices climbing as far north as 96th Street, East Harlem's upward trajectory is sure to only heat up. The former El Barrio has been on the cusp of gentrification since a 2003, 57-block rezoning that increased density allowances along First, Second, and Third Avenues, spurring a bevy of new residential projects. One such development is 2139 Third Avenue, a modern, 21-unit rental at the corner of 117th Street, which just launched its affordable housing lottery for five $985/month one-bedroom units, available to one- or two-person households earning no more than 60 percent of the area median income.
Have a look at the interiors

Affordable Housing

New Stuyvesant Town lottery opens for middle-income units from $2,805/month

February 6, 2017

New Stuyvesant Town lottery opens for middle-income units from $2,805/month

It's been almost a year since Stuyvesant Town opened a 15,000-name wait list for its affordable apartments, and they've now launched another lottery, this time for households earning between $84,150 and $149,490 annually. The availabilities are spread throughout Stuy Town and Peter Cooper Village and include $2,805/month one-bedrooms and $3,366/month two-bedrooms.
Find out more

Affordable Housing

11 chances to live in the heart of Murray Hill for as low as $833/month

February 3, 2017

11 chances to live in the heart of Murray Hill for as low as $833/month

A little over two years ago, Charles Blaichman’s CB Developers began construction on a 19-story, mixed-use building at 210 East 39th Street. Designed by Rawlings Architects, the Murray Hill building has a ground-floor retail podium, glassy second-story amenity space, and terra cotta rainscreen-clad frame. In all, there will be 57 rental units, 11 of which are set aside for those earning no more than 60 percent of the area media income. These affordable apartments include one $833/month studio, seven $895/month one-bedrooms, and three $1,082/month two-bedrooms.
Find out more about the building and the lottery

Affordable Housing

Mixed-use affordable housing complex in the Bronx will feature Hunts Point Brewery and LightBox film studio

February 2, 2017

Mixed-use affordable housing complex in the Bronx will feature Hunts Point Brewery and LightBox film studio

A few months ago, 6sqft shared the first rendering of the Peninsula, a $300 million mixed-use complex slated to replace the Spofford Juvenile Detention Center in the Hunts Point section of the Bronx. We learned that the five-acre site will hold 740 affordable apartments, open and recreational areas, light industrial space, community facilities like health care providers and artist workspace, and retail/commercial space. In addition to new conceptual renderings from WXY Architecture + Urban Design, the development team has now revealed details on who the borough-based commercial tenants will be, and they include Hunts Point Brewing Company, Il Forno Bakery, and LightBox-NY film studio.
More details and renderings

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