Affordable Housing

New NYU program lets students live in local seniors’ spare bedrooms
November 21, 2016

New NYU program lets students live in local seniors’ spare bedrooms

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As a way to offer lower-cost housing options, NYU is piloting a program this fall that will let students live in the spare bedrooms of local senior citizens. Dubbed the "home stay" program, it would cut in half the university's housing bill, reports the Post, as well as provide income to hosts. According to Gothamist, the program is part of a larger affordability initiative that NYU President Andrew Hamilton put forth when he assumed his role in January. The school's $65,000/year tuition makes it the third most expensive in the country, and undergraduate housing ranges from $10,500 for a shared bedroom to $21,000 for a private suite.
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November 21, 2016

Cuomo sets aside $300M in tax-exempt bonds for NYC affordable housing

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As of the summer, Mayor de Blasio was ahead of schedule on his ambitious plan to build or preserve 200,000 units of affordable housing over 10 years, having financed nearly 53,000 such apartments. His goal will now be even closer in grasp thanks to the additional $300 million in federally tax-exempt bonds the Governor has allocated to subsidize the cost of new construction, which brings the city's total bond capacity to $771 million, according to the Daily News, an 11 percent increase over 2o15.
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Live a block from the Bronx Zoo for $1,348/month, lottery opening for nine units in Belmont
November 21, 2016

Live a block from the Bronx Zoo for $1,348/month, lottery opening for nine units in Belmont

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As of tomorrow, nine brand new units in the Belmont section of the Bronx will become available through the city's affordable housing lottery. Located just a block from the Bronx Zoo and within walking distance to the New York Botanical Garden, the seven-story, 41-unit building at 2346 Prospect Avenue was recently constructed by the Stagg Group and Badaly Architects and also has ground-floor community facility space. The available apartments, open to those earning 80 percent of the area media income, include four one-bedrooms for $1,348/month and five two-bedrooms for $1,521/month.
Find out if you qualify here
Nearly half of the city’s affordable housing units go to young, single New Yorkers
November 16, 2016

Nearly half of the city’s affordable housing units go to young, single New Yorkers

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The odds you'll score an affordable apartment through one of the city's housing lotteries is about 1,000 to 1--that is, unless you're young and single. Through a FOIL request, DNAinfo obtained data from the Department of Housing Preservation and Development that showed more than half of the 1,470 units that became available through the 48 lotteries that opened from January 2013 to December 2015 were for studios and one-bedrooms; 41 percent of those chosen in these lotteries were ages 25 through 34, and 50 percent were single.
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Cuomo’s revised 421-a plan will move ahead as REBNY and construction trades come to agreement
November 11, 2016

Cuomo’s revised 421-a plan will move ahead as REBNY and construction trades come to agreement

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Ever since the city's 421-a tax exemption program expired in January, the Building and Construction Trades Council of Greater New York and the Real Estate Board of New York (REBNY) have been negotiating under what terms to extend and/or modify the program. Both groups took part in what the city believes were "secret talks" with Governor Cuomo over the summer, after which he released his proposal to revise 421-a with wage subsidies for construction workers. REBNY was concerned about this stipulation, claiming it would increase construction costs by up to 30 percent, but a press release sent yesterday evening reports that they've reached an agreement with the Trades Council to move ahead with Cuomo's version of the plan, which, in addition to setting a $60 hourly wage for qualifying projects in Manhattan and $45 in Brooklyn and Queens, extends the tax breaks up to 35 years (up from de Blasio's proposed 25 years) and mandates newly created affordable units be kept in place for 40 years.
More details this way
City says under-construction 421-a buildings must include housing for the homeless

555Ten, an Extell building that would be affected by the 421-a changes

November 7, 2016

City says under-construction 421-a buildings must include housing for the homeless

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As 6sqft reported last week, Governor Cuomo, developers, and unions have been engaging in closed-door talks to bring forth his revision of the city's 421-a program that includes wage subsidies and an extension of the previous 25-year tax break up to 45 years. Glaringly (but not surprisingly) absent from the negotiations is Mayor de Blasio, but he's now taking matters into his own hands, at least when it comes to those under-construction buildings that got in to the program before it expired in January. According to the Times, the de Blasio administration introduced a new policy that says these projects must include housing for some of the 60,000 New Yorkers currently living in homeless shelters, but developers, particularly Extell's Gary Barnett, are not happy about the changes.
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November 4, 2016

POLL: Should Cuomo’s revised 421-a plan move forward?

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The city's hotly debated 421-a tax abatement program expired in January after a 44-year run. CityRealty reports that the NYC Department of Housing Preservation & Development has seen the number of applications for tax exemption decrease by 45 percent from that time to September 2016, costing the city $1.2 billion this fiscal year. Over the summer, the Governor presented a revised version of the program that would offer wage subsidies to construction workers, but this drew concern from the Real Estate Board of New York, who say the proposal would cause construction costs to rise by up to 30 percent. Now, Politico reports that Cuomo, developers, and unions have been engaging in closed-door negotiations to bring his plan forward and extend the previous 25-year tax break up to 45 years (REBNY and the Mayor had presented a 35-year extension last summer).
Tell us if you think the Governor's plan should move ahead
Lottery opens for two affordable units in prime Greenpoint, starting at $904/Month
November 3, 2016

Lottery opens for two affordable units in prime Greenpoint, starting at $904/Month

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The latest lottery through the city's affordable housing portal is for two units in a brand-new Greenpoint building. Located at 126 India Street in the heart of the neighborhood--just a couple blocks from the Grenenpoint Avenue G train station, three blocks from the waterfront, and right near all the hot spots like Ovenly, Troost, and the Water Table--the eight-unit building has high ceilings, heated floors in the bathrooms, washers/dryers, and high-end appliances. The two apartments up for grabs are a $904/month studio and a $1,039/month one-bedroom.
Find out if you qualify here
$600M overhaul at the Lambert Houses underway to bring 1,665 affordable housing units to the Bronx
October 28, 2016

$600M overhaul at the Lambert Houses underway to bring 1,665 affordable housing units to the Bronx

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When it comes to affordable housing, the Bronx is booming. 6sqft previously reported that proposals were being heard to bring 1,665 affordable apartments to the site of the Bronx Zoo-bordering Lambert Houses, which would double the development's current affordable housing units, triple the existing retail space, create a new public school, and help to better integrate the community into the surrounding neighborhood. As reported by the Times, Phipps Houses, the complex's nonprofit owner and developer, has moved ahead on plans to demolish the existing 14 buildings and build taller towers, a project that's gotten a $600 million price tag.
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Apply for 63 newly-built affordable units off the Rockaway Beach waterfront, from $494
October 28, 2016

Apply for 63 newly-built affordable units off the Rockaway Beach waterfront, from $494

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Rockaway Beach is having a rebirth of sorts as more and more New Yorkers head for its waters on the hottest of days. On top of new restaurants, coffee shops, art galleries, surf clubs and other hipster hotspots popping up along its main drags, now comes an opportunity to live in a brand-new construction at 9306 Shore Front Parkway, just steps from the sand. Per the NYC Housing Connect, households of up to six earning 40, 50 or 150 percent of the area median income can now apply for 63 studio, one-, two- and three-bedroom apartments priced between $494 and $2120.
more details here
102 affordable apartments up for grabs in brand-new Greenpoint Landing building, rents from $368
October 28, 2016

102 affordable apartments up for grabs in brand-new Greenpoint Landing building, rents from $368

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This may be your opportunity to live in one of northern Brooklyn's most transformative new developments. Starting today, both low- and middle-income New Yorkers can apply for 102 newly-built affordable units at Five Blue Slip, one of Greenpoint Landing's three affordable buildings slated for completion by the end of next year. Available apartments range from studios to two-bedrooms priced between $368 and $1065, and households of one to four individuals earning between 30 and 60 percent of the area median income are eligible to apply.
find out if you qualify
MAP: Two thirds of landlords benefiting from 421-a tax breaks didn’t file rent regulation paperwork

View the map from ProPublica in its interactive form here >>

October 27, 2016

MAP: Two thirds of landlords benefiting from 421-a tax breaks didn’t file rent regulation paperwork

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The city's 421-a program, which expired in January, provides tax breaks of up to 25 years to new residential buildings that reserve at least 20 percent of units as affordable. Proponents of the program feel it offers a much-needed incentive to build low- and moderate-income housing, but those not in favor think it gives unfair tax breaks to the wealthiest developers. The latter camp may be gaining steam, as a new report from ProPublica, outlined in Gothamist, says that nearly two thirds of the 6,400 rental buildings where landlords received tax reductions through 421-a didn't have required rent stabilization paperwork on file, meaning they could raise rents as much as they chose. ProPublica compiled this data in both an interactive map and searchable database.
Is your landlord cheating the system?
Former juvenile jail in Hunts Point will be replaced with $300M mixed-use affordable housing complex

Rendering courtesy of WXY Architecture + Urban Design

October 27, 2016

Former juvenile jail in Hunts Point will be replaced with $300M mixed-use affordable housing complex

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The Spofford Juvenile Detention Center (later renamed Bridges Juvenile Center) was built in 1957 in the Hunts Point section of the Bronx, quickly gaining a reputation for its poor conditions--the Daily News once described it as "vermin-infested" and said it "held about 100 youth in dark cells with no air conditioning." It was closed in 2011, at which time urban revitalization consultant Majora Carter began her quest to have the site transformed into a mixed-use housing complex. The city eventually stepped in, and today officials announced plans for the Peninsula, an affordable housing development that will rise on the five-acre site and offer 740 apartments, 52,000 square feet of open and recreational space, 49,000 square feet of light industrial space, 48,000 square feet for community facilities like health care providers, 21,000 square feet of retail, and 15,000 square feet of artist space, reports the Wall Street Journal.
Find out more right this way
Two affordable apartments up for grabs in the heart of Greenpoint, from $947
October 20, 2016

Two affordable apartments up for grabs in the heart of Greenpoint, from $947

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Starting today, qualifying applicants can apply for two newly constructed apartments in Greenpoint's Belvedere LXVIII. Located at 210 Java Street, the low-rise building sits in the heart of the neighborhood, minutes away from the water taxi, G train, plenty of old school mom and pop shops, and the increasingly hip retail and restaurant offer of the area. Inside the six-story structure are a total of 10 units, two of which have been set aside as affordable rentals; the one-bedroom is going for $947/month, while the two-bedroom is priced at $1,072/month.
full details here
East Harlem rezoning would allow for towers of up to 30 stories tall
October 19, 2016

East Harlem rezoning would allow for towers of up to 30 stories tall

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In 2003, East Harlem received a boost when the Bloomberg administration pushed through a plan to rezone a whopping 57 blocks of the neighborhood. The initiative (the first of its kind in 40 years) allowed for increased density along First, Second, and Third avenues, while preserving the lower slung mid-blocks in between. Following the change, the area saw more than a dozen buildings of 8-12 stories sprout up along its busiest stretches. Now, the de Blasio administration is looking to build even bigger, and on Tuesday officials presented their latest upzoning proposal (pdf), a plan that would allow towers up to 30 stories tall to be constructed in the area.
more here
Lottery opens for nine $774/month SROs on foodie-friendly Hell’s Kitchen block
October 19, 2016

Lottery opens for nine $774/month SROs on foodie-friendly Hell’s Kitchen block

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If you earn between $24,480 and $38,100 annually, live alone in Manhattan Community Board 4, and don't mind sharing a bathroom with your neighbors, this might be the housing lottery for you. Nine $774/month SROs are up for grabs at Stardom Hall at 330 West 51st Street in Hell's Kitchen. The brownstone tenement occupies half of a single room occupancy complex, one of only four left in the neighborhood. The units do come with kitchenettes, and there's a community room, backyard, laundry room, and on-site social services for low-income or formerly homeless households with special needs. Plus, it's located on one of the trendiest restaurant blocks in the 'hood (Ippudo, Aria Wine Bar, and Maria Pia, to name a few).
Find out about the controversy behind this project
Plan to turn Sunset Park library into 49 low-income apartments moves forward
October 17, 2016

Plan to turn Sunset Park library into 49 low-income apartments moves forward

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In 2014 the news surfaced that Brooklyn Public Library (BPL) was planning to sell its Sunset Park branch at 5108 4th Avenue to a non-profit community development organization, Fifth Avenue Committee (FAC). The developer would demolish the 43-year-old building and build in its place a larger library with eight stories above that would contain 49 below-market-rate apartments, in part with public money allocated by Borough President Eric L. Adams. The developers say the plan will create housing for Brooklyn's neediest residents. Brooklyn Paper now reports that developers are preparing to pitch the project to Community Board 7’s land-use committee on November 3 as part of a public review process. The city council has the final say whether it goes through.
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Lottery opens for new Crotona Park East affordable development, units from $788/month

Rendering of 1776 Boston Road via DPGroup (L); Google Street View of the site in June 2016

October 17, 2016

Lottery opens for new Crotona Park East affordable development, units from $788/month

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Almost exactly two years ago to the date, High Hawk LLC broke ground on a new 72-unit, mixed-income affordable housing development at a long-underutilized site at 1776 Boston Road in Crotona Park East. Known as the High Hawk Apartments, the eight-story building also offers three tenant recreation areas, commercial and retail space, a ground-floor community facility, and a below-grade parking garage. The city aimed to "increase income diversity" in the Bronx neighborhood by dividing the apartments with 18 reserved for households earning less than 60 percent of the area media income and 54 reserved for those earning less than 100 percent. The former group ranges from a $788/month studio to $1,182/month three-bedrooms, while the latter ranges from $1,208/month one-bedrooms to $1,683/month three-bedrooms.
Find out if you qualify
Live in Brooklyn’s tallest tower for $833/month, lottery launching for 150 units at 333 Schermerhorn

Rendering of The Hub via Dattner Architects (L); Construction shot as of December 2015 via Tectonic (R)

October 13, 2016

Live in Brooklyn’s tallest tower for $833/month, lottery launching for 150 units at 333 Schermerhorn

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At 610 feet, Douglas Steiner's 333 Schermerhorn Street in Downtown Brooklyn currently holds the title of tallest building in Brooklyn. Though it'll be surpassed by forthcoming supertalls like JDS' 9 DeKalb Avenue, the first 1,000+ foot tower in the borough, and the 700-foot 205 Montague Street, the 53-story slab apartment tower known as The Hub will certainly remain a much-sought-after address, especially considering its wealth of amenities and proximity to the BAM Cultural District. Of its 740 apartments, 150 are reserved for New Yorkers earning less than 60 percent of the area media income, and as of tomorrow the lottery is open for these units, which range from $833/month studios to $1,082/month two-bedrooms.
Find out if you qualify
Waitlist opens for affordable, four-bedroom co-ops in Lincoln Center, from $102K
October 13, 2016

Waitlist opens for affordable, four-bedroom co-ops in Lincoln Center, from $102K

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The Lincoln-Amsterdam House is a 25-story co-op building that stretches from West 64th to 65th Streets along the eastern side of West End Avenue, just one block away from Lincoln Center. It's a Mitchell-Lama development, which, as 6sqft previously explained, is a program "created in 1955 to provide affordable rental and cooperative housing to moderate- and middle-income families." As of today, the 100-name waitlist is open for four-bedroom units in the building to households with a minimum of six persons earning between $33,440 and $149,531 annually. The co-ops will sell from $102,814 to $109,545.
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A look at Yorkville’s affordable housing decline
October 10, 2016

A look at Yorkville’s affordable housing decline

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Despite its location just a few blocks east of Park Avenue, Yorkville remains one of Manhattan’s most affordable neighborhoods south of 95th Street. The neighborhood’s reasonable prices partially reflect its reputation. Simply put, Yorkville has never been considered quaint or hip. Since its development in the nineteenth century, it has been best known for its German delis and unremarkable yet practical residential housing. Another factor that has historically kept the neighborhood’s housing prices below average is its high stock of rent stabilized units. Unfortunately, Yorkville’s reputation as a great place to find a bargain may soon be compromised. Recently released data on affordable housing stock in New York reveals that rent stabilized housing in Yorkville is rapidly declining. Indeed, between 2007 and 2014, the neighborhood lost more rent stabilized units than any other neighborhood in the city’s five boroughs.
read more here
41 affordable units up for grabs in Williamsburg, starting at $788/month
October 7, 2016

41 affordable units up for grabs in Williamsburg, starting at $788/month

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The city's latest affordable housing lottery is for 41 apartments in a newly constructed Williamsburg building just two blocks east of McCarren Park. A project of Dunn Development, the Meekerman is the second development in the state completed under the LIHC Mixed-Income Pilot Program, and it provides housing for those earning less than 40, 50, 60, and 80 percent of the area median income. Rents in the energy efficient building--it employs high-performance systems and appliances, as well as solar panels--range from $788/month for studios to $1,403/month for two-bedrooms.
Find out if you qualify
Affordable housing applicants with low credit scores and legal history now protected from discrimination
October 4, 2016

Affordable housing applicants with low credit scores and legal history now protected from discrimination

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In recent months, the city has been pushing for legislation that better protects tenants, including a bill that would guarantee lawyers for all low-income residents facing eviction and regulations over screening software services that leads to landlord discrimination. They're now taking this idea to affordable housing lotteries, where there's been a major uptick in activity over the past couple years due to the Mayor's goal to add or preserve 200,000 units over 10 years. As DNAinfo reports, the city is releasing today an online Marketing Handbook for the lotteries, and among the objectives are protections for applicants with low credit scores and those who have previously taken their landlords to court.
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