Affordable Housing

Lottery opens for 230 luxury apartments at huge Greenpoint rental, from $848/month

Rendering courtesy of the NYC Department of Housing Preservation and Development

September 25, 2023

Lottery opens for 230 luxury apartments at huge Greenpoint rental, from $848/month

By Aaron Ginsburg

A two-tower rental development on the Greenpoint waterfront opened a lottery this week for 230 luxury apartments. Designed by CetraRuddy, Tower 77 sits on a former industrial area facing Newton Creek at the northern tip of the Brooklyn neighborhood. New Yorkers earning between 40 and 130 percent of the area median income can apply for the apartments, priced from $848/month for studios to $4,173/month for three bedrooms.
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Affordable Housing

Mayor Adams unveils sweeping plan to create 100K new housing units across NYC

All renderings courtesy of New York City Department of City Planning

September 21, 2023

Mayor Adams unveils sweeping plan to create 100K new housing units across NYC

By Devin Gannon

Mayor Eric Adams on Thursday unveiled major reforms to New York City's zoning code to make it easier to build more housing across every neighborhood. The "City of Yes for Housing Opportunity" plan could create 100,000 new apartments over the next 15 years by updating restrictive zoning rules. This could mean allowing new homes above commercial businesses and on campuses, accessory dwelling units, office-to-residential conversions, and other proposals to create "a little more housing in every neighborhood."
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Major South Bronx development Bankside opens lottery for 132 apartments, from $2,525/month

All images courtesy of the New York City Department of Housing Preservation and Development

September 19, 2023

Major South Bronx development Bankside opens lottery for 132 apartments, from $2,525/month

By Aaron Ginsburg

The sprawling South Bronx mixed-use development Bankside released another housing lottery this week. Applications are now being accepted for 132 middle-income apartments at Lincoln at Bankside, a four-tower development with 921 apartments and a new public waterfront park. New Yorkers earning 130 percent of the area median income, or between $86,572 for a single person annually and $198,250 for a household of five, can apply for the units, priced from $2,525/month studios to $3,400/month two bedrooms.
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Affordable Housing

Forest Hills rental with new Trader Joe’s opens lottery for 50 middle-income apartments, from $2,750/month

Rendering courtesy of Aufgang Architects

September 15, 2023

Forest Hills rental with new Trader Joe’s opens lottery for 50 middle-income apartments, from $2,750/month

By Aaron Ginsburg

A housing lottery opened this week for 50 middle-income luxury apartments at a new residential development under construction in Forest Hills. Located at 73-65 Yellowstone Boulevard, The Yellowstone offers residents spacious units, indoor and outdoor amenities, and easy access to a new Trader Joe's opening on the building's ground floor. New Yorkers earning 130 percent of the area median income, or between $96,000 for a single person and $198,250 for a household of five, can apply for the apartments, priced between $2,750/month for one-bedrooms and $3,599/month for two-bedrooms.
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Affordable Housing

Plan to revitalize Staten Island’s North Shore includes 2,400 homes and waterfront esplanade

Conceptual rendering of the future St. George Esplanade. Credit: FXCollaborative.

September 14, 2023

Plan to revitalize Staten Island’s North Shore includes 2,400 homes and waterfront esplanade

By Aaron Ginsburg

After several failed projects, Staten Island's North Shore could finally see a long-promised revitalization. Mayor Eric Adams on Thursday announced a $400 million investment and released a new roadmap to redevelop a stretch of the borough's waterfront with 20 acres of continuous open space, 2,400 units of housing, and new commercial space. Construction will resume this fall on a two-mile waterfront esplanade that will be "on par with Brooklyn Bridge Park and Hudson River Park," according to Adams.
More on the north shore plan, herE

NYC’s Atlantic Avenue rezoning plan calls for 4,000 new homes and more open space

Preliminary vision of Atlantic Avenue looking west. Courtesy of NYC Planning.

September 11, 2023

NYC’s Atlantic Avenue rezoning plan calls for 4,000 new homes and more open space

By Devin Gannon

The city wants to bring 4,000 new apartments to a stretch of Brooklyn's Atlantic Avenue currently home to vacant lots and auto shops. The Department of City Planning last week released the Atlantic Avenue Mixed-Use Plan, a preliminary rezoning framework for 13 blocks of an industrially zoned area that runs through Prospect Heights, Crown Heights, Fort Greene, and Bed-Stuy. The rezoning would allow for higher destiny residential and commercial use, with the potential for up to 1,550 income-restricted homes. Following additional community meetings and an environmental review, the proposal could enter the public review process in the spring of next year.
details here

110 middle-income apartments available on the Harlem River in Mott Haven, from $2,885/month

Rendering courtesy of S9 Architecture

August 31, 2023

110 middle-income apartments available on the Harlem River in Mott Haven, from $2,885/month

By Aaron Ginsburg

Applications are now being accepted for 110 middle-income apartments in a new residential development on the Mott Haven waterfront. Located at 40 Bruckner Boulevard, the 12-story mixed-use building offers brand-new luxury units and indoor and outdoor amenities. New Yorkers earning 130 percent of the area median income, or between $98,915 for a single person annually and $198,250 for a household of five, can apply for the apartments, which range from $2,885/month studios to $3,669/month two bedrooms.
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Affordable Housing

Lottery opens for new senior apartments in Chelsea, from $686/month

Rendering courtesy of the NYC Department of Housing Preservation and Development

August 28, 2023

Lottery opens for new senior apartments in Chelsea, from $686/month

By Aaron Ginsburg

A housing lottery opened this week at a new apartment building in Chelsea. Located at 278 Eighth Avenue, the 14-story mixed-use building will have 190 total apartments, with 25 percent set aside for seniors, and a ground-floor Target store. Through the lottery, 44 apartments are available to those who are, or have a family member who is, at least 62 years of age and earns 40, 60, and 80 percent of the area median income. An additional four apartments are open to those who earn 130 percent of the area median income. Apartments are priced from $686/month studios to $3,753/month two-bedrooms.
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Affordable Housing

100 percent affordable housing to replace two Boerum Hill parking lots

Image courtesy of the NYC Department of Housing Preservation and Development

August 28, 2023

100 percent affordable housing to replace two Boerum Hill parking lots

By Aaron Ginsburg

New York City is moving forward with a development plan that will bring hundreds of new affordable apartments to a bustling part of Brooklyn. The city's Department of Housing Preservation and Development last week began community outreach for two 100 percent affordable developments on city-owned parking lots in Boerum Hill. The sites, located at 153 Nevins Street and 108-114 Third Avenue, will include 125 new apartments for families and seniors.
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Affordable Housing

13,000+ rent-stabilized units in NYC have been vacant for multiple years

Photo © 6sqft

August 25, 2023

13,000+ rent-stabilized units in NYC have been vacant for multiple years

By Aaron Ginsburg

Upwards of 13,000 rent-stabilized homes in New York City have sat vacant over the past two years, according to a new report. Out of 42,275 rent-stabilized apartments listed in April 2022, many of which were marked as "newly vacant," 13,362 units remained empty for two consecutive years, up from 12,300 in 2021, according to the report by the city's Independent Budget Office. These data points are making officials question whether the units are vacant due to tenants moving in and out or whether they have been "warehoused," or deliberately taken off the market, according to Gothamist.
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Popular Articles

60 middle-income apartments available at new South Bronx waterfront rental, from $2,700/month

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

August 24, 2023

60 middle-income apartments available at new South Bronx waterfront rental, from $2,700/month

By Aaron Ginsburg

A housing lottery opened this week for 60 middle-income units in a new high-rise residential tower on the South Bronx waterfront. Located at 2413 Third Avenue in Mott Haven, the building, dubbed the Maven, offers 200 brand-new luxury units and expansive indoor and outdoor amenities. New Yorkers earning 130 of the area median income, or between $92,572 for a single person annually and $227,630 for a household of seven, can apply for the apartments, priced at $2,700/month for one-bedrooms, $3,235/month for two-bedrooms, and $3,500/month for three-bedrooms.
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Affordable Housing

Adams announces Midtown South rezoning, plan to convert offices to housing

Midtown Manhattan. Photo by Phil Hauser on Unsplash

August 17, 2023

Adams announces Midtown South rezoning, plan to convert offices to housing

By Aaron Ginsburg

New housing will be allowed in parts of Midtown Manhattan for the first time in decades under a plan announced by Mayor Eric Adams on Thursday. The mayor wants to update zoning rules to allow for the construction of new apartments in a 42-block area stretching from 23rd Street to 40th Street and from Fifth Avenue to Eighth Avenue, which is currently designated for manufacturing use. The start of the rezoning effort joins another proposal from the Adams administration to facilitate and expedite office-to-housing conversions across every borough, as the city continues to face a housing shortage.
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Live above Inwood’s new public library, from $397/month

Rendering of The Eliza courtesy of the NYC Department of Housing Preservation and Development

August 17, 2023

Live above Inwood’s new public library, from $397/month

By Aaron Ginsburg

Attention New York bookworms: Here's a chance to live above a brand-new city library. A housing lottery opened this week for 138 affordable apartments at The Eliza, a 14-story rental in Inwood. Located at 4790 Broadway, the development includes deeply affordable apartments and a two-level New York Public Library branch at its base. New Yorkers earning 30, 40, 50, and 60 percent of the area median income, or between $16,183 for a single person annually and $105,060 for a household of seven, can apply for the apartments, which range from $397/month studios to $1,841/month three bedrooms.
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Affordable Housing

East Harlem tower opens lottery for 40 mixed-income apartments, from $763/month

Renderings courtesy of the NYC Department of Housing Preservation and Development

August 15, 2023

East Harlem tower opens lottery for 40 mixed-income apartments, from $763/month

By Aaron Ginsburg

Applications are now being accepted for 40 mixed-income units at a new residential development in East Harlem. Located at 88 East 127th Street, the 19-story building is conveniently located near several public transit options, the 16-acre Marcus Garvey Park, and lots of restaurants and shopping. New Yorkers earning 40 and 130 percent of the area median income, or between $29,109 for a single person annually and $198,250 for a household of five, can apply for the apartments, priced from $763/month studios to $3,773/month two-bedrooms.
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Affordable Housing

Affordable senior housing to replace Prospect Heights parking lot

Rendering of the proposed plans for 542 Dean Street shows the new entrance to the park and public space created as part of the design for the affordable senior housing project. Courtesy of GRAPH.

August 10, 2023

Affordable senior housing to replace Prospect Heights parking lot

By Aaron Ginsburg

A plan to replace a Prospect Heights parking lot with affordable housing for low-income and homeless seniors is moving forward. The city's Department of Housing Preservation and Development (HPD) on Tuesday announced its selection of Jobe Development, Corp., Mega Group Development, and the Institute of Community Living Room to convert a city-owned parking lot at 542 Dean Street into the residential development "Park Edge." The redevelopment is part of the Atlantic Avenue Mixed-Use Plan (AAMUP), which found a community desire for new affordable housing projects on city-owned properties.
DetaILS HERE

Affordable Housing

Adams touts affordable housing production as city runs out of room for migrants

Photo Credit: Ed Reed/Mayoral Photography Office on Flickr

August 3, 2023

Adams touts affordable housing production as city runs out of room for migrants

By Aaron Ginsburg

New York City created more supportive housing and homes for formerly homeless New Yorkers during fiscal year 2023 than any year on record, Mayor Eric Adams announced Thursday. Between June 2022 and June 2023, the mayor said the city produced 27,000 affordable homes, including new construction and preservation of existing homes, and connected the largest number of people to permanent housing using the CityFHEPS vouchers in the program's history. The announcement comes just days after Adams announced the city had run out of space to house the thousands of asylum seekers arriving weekly, leading to many migrants sleeping outside of the Roosevelt Hotel in Midtown this week.
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400 units of affordable housing approved for 5 World Trade Center

Renderings of 5 World Trade Center courtesy of Gov. Kathy Hochul’s Office

July 27, 2023

400 units of affordable housing approved for 5 World Trade Center

By Devin Gannon

The 900-foot-tall mixed-use skyscraper planned for 5 World Trade Center will include 400 units of affordable housing, a slight increase from the original proposal. After stalled negotiations, the Public Authorities Control Board on Thursday approved the mixed-use development at 130 Liberty Street, which calls for 1,200 new apartments, one-third of which will be permanently affordable to New Yorkers earning between 40 and 120 percent of the area median income. Plus, 20 percent of the affordable apartments will be offered to individuals who lived or worked in the neighborhood on September 11, including first responders and families of victims. Construction is scheduled to start next year, Gov. Kathy Hochul said.
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Ridgewood’s tallest tower opens lottery for 40 luxury apartments, from $2,750/month

Renderings courtesy of the NYC Department of Housing Preservation and Development

July 21, 2023

Ridgewood’s tallest tower opens lottery for 40 luxury apartments, from $2,750/month

By Aaron Ginsburg

A housing lottery opened this week for 40 middle-income units at a new luxury residential development in Ridgewood. At 17 stories, the Ridgewood Apartments at 1607 Woodbine Street is one of the tallest residential properties in the neighborhood. New Yorkers earning 130 percent of the area median income, or between $94,286 for a single person annually and $198,250 for a household of five, are eligible to apply for the units, which include $2,750/month one-bedrooms and $3,599/month two-bedrooms.
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Affordable Housing

Lottery opens for 164 luxury rentals in Mott Haven, from $1,576/month

Renderings credit: VUW

July 14, 2023

Lottery opens for 164 luxury rentals in Mott Haven, from $1,576/month

By Devin Gannon

A two-building luxury rental development in the South Bronx opened a housing lottery this week for 164 mixed-income apartments. Dubbed Estela, the complex includes 544 brand-new units across a pair of buildings at 445 Gerard Avenue, located within a burgeoning stretch of Mott Haven. Qualifying New Yorkers earning 80 percent and 130 percent of the area median income can apply for the apartments, priced from $1,576/month studios to $3,260/month two-bedrooms, with a concession of one month free on initial leases.
Find out if you qualify

Affordable Housing

NYCHA says it needs nearly $80 billion for repairs

Image via WikiCommons

July 13, 2023

NYCHA says it needs nearly $80 billion for repairs

By Aaron Ginsburg

New York City's public housing agency needs more than $78 billion to make much-needed repairs to its dilapidated housing stock, according to a new 20-year assessment released Wednesday. The estimation for the apartment repairs is a whopping 73 percent higher than NYCHA's last assessment of $45.2 billion calculated in 2017. According to the agency, nearly 40 percent of NYCHA apartments require more than $500,000 in work per unit.
Details here

56 apartments for low-income seniors available in Inwood

Renderings courtesy of Coconut Properties

July 10, 2023

56 apartments for low-income seniors available in Inwood

By Aaron Ginsburg

56 affordable units designed for seniors are available at a new senior supportive housing project in Manhattan. Located at 37 Hillside Avenue in Inwood, the building offers senior residents social services, space to worship, and plenty of outdoor green space. Applicants must have at least one household member who is 62 years of age or older, qualifies for Section 8 benefits, and earns no more than $60,050 annually. Eligible New Yorkers will pay 30 percent of their income for the available studio and one-bedroom apartments.
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Affordable Housing

Rendering courtesy of the NYC Department of Housing Preservation and Development

July 7, 2023

85 brand-new affordable units available in Morris Heights, from $532/month

By Aaron Ginsburg

Applications are now being accepted for 85 affordable units at a new residential development in the Bronx. Located at 1544 Shakespeare Avenue in Morris Heights, St. Francis Commons offers residents brand-new apartments and a variety of amenities. Qualifying New Yorkers earning 30, 50, and 70 of the area median income, or between $21,155 for a single person annually and $122,570 for a household of seven, are eligible to apply for the apartments, which range from $532/month one-bedrooms to $2,188/month three bedrooms.
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Affordable Housing

NYC’s shelter system reaches a record 100,000 occupants

Image courtesy of mari small on Unsplash

June 30, 2023

NYC’s shelter system reaches a record 100,000 occupants

By Aaron Ginsburg

New York City's shelter system has surpassed 100,000 occupants for the first time, more than half of whom are asylum seekers, city officials announced this week. NYC is currently spending roughly $8 million a day on its shelter system, which has expanded to include 166 new emergency facilities to accommodate the surge in asylum seekers that began in the spring of 2022. The city is expected to spend more than $4 billion on its shelter system by 2024, according to the New York Times.
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Elizabeth Street Garden can become affordable senior housing development, court rules

Photo by James and Karla Murray exclusively for 6sqft

June 28, 2023

Elizabeth Street Garden can become affordable senior housing development, court rules

By Devin Gannon

An affordable housing development can be built on the site of Little Italy's Elizabeth Street Garden, an appellate judge ruled on Tuesday, ending a decade-long battle between housing advocates and garden supporters. The project, dubbed Haven Green, will bring 123 rentals for extremely low-, very low-, and low-income seniors, along with 37 apartments for formerly homeless seniors, to one of the city's most affluent neighborhoods.
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Adams vetoes NYC Council bills expanding rental assistance

Image courtesy of robertotmn on Flickr

June 23, 2023

Adams vetoes NYC Council bills expanding rental assistance

By Aaron Ginsburg

Mayor Eric Adams has vetoed four City Council bills that would expand access to New York City's housing voucher program. Adams on Friday vetoed bills Intro. 229, Intro. 878, Intro. 893, and Intro. 894, claiming the legislation package, which was passed by the council last month, would cost the city an exorbitant amount of money and "make it harder" for homeless New Yorkers to find housing. The Council passed the legislation package late last month with a vote of 41 to 7, enough support to override the veto.
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