Affordable Housing

June 21, 2023

NYC to demolish and rebuild two NYCHA complexes in Chelsea

New York City will demolish two Manhattan public housing complexes and construct brand-new high-rise apartment buildings. The New York City Housing Authority (NYCHA) on Wednesday announced a $1.5 billion plan to demolish the Elliott-Chelsea and Fulton Houses and rebuild the more than 2,000 public housing apartments currently located there. Supported by a majority of tenants who voted in a survey on the proposal, the plan also includes new retail and commercial spaces and thousands of new mixed-income units, as first reported by the New York Times.
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June 19, 2023

Lottery opens for 300+ affordable apartments at major East New York project, from $419/month

The largest project to stem from the 2016 rezoning of East New York launched a housing lottery for over 300 affordable apartments this week. Developed by the housing nonprofit Phipps Houses, Atlantic Chestnut is a block-long development with three interconnected buildings and more than 1,100 units of affordable housing. As part of the first phase, 341 apartments are available at 250 Euclid Avenue. Qualifying New Yorkers earning 30, 40, 50, 60, and 80 percent of the area median income can apply for the available apartments priced from $419/month studios to $2,273/month three-bedrooms.
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June 16, 2023

Adams ends NYC’s 90-day shelter rule for homeless New Yorkers

Mayor Eric Adams on Friday ended a rule that had required unhoused people to spend at least 90 days in shelter before qualifying for rental assistance vouchers. The emergency rule change expands eligibility for the vouchers, called CityFHEPS, which will in turn house more New Yorkers and free up space in the shelter system for asylum seekers. The move by the mayor comes a few weeks after the City Council passed a comprehensive set of bills expanding rental assistance, including the end of the 90-day rule. Adams criticized the rest of the package, citing budget costs, but did not say if he plans to veto the legislation.
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June 15, 2023

22 middle-income units available next to the Bronx Zoo, from $2,890/month

A housing lottery opened this week for 22 middle-income units in a new residential development across the street from the New York Botanical Garden and the Bronx Zoo. Located at 2279 Barker Avenue in Allerton, the newly constructed luxury building offers residents spacious units with state-of-the-art appliances. New Yorkers earning 130 percent of the area median income, or between $99,086 annually for a single person and $198,250 for a household of five, can apply for the units, which include $2,890/month studios, $3,059/month one-bedrooms, and $3,599/month two bedrooms.
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June 9, 2023

New York lawmakers fail to reach a deal on housing

Despite New York lawmakers claiming they reached a deal on a comprehensive package of housing proposals, the state legislature has failed to pass any meaningful bills during this legislative session, as first reported by the New York Times. Negotiations between state Democrats and Gov. Kathy Hochul on Thursday fell apart as the two bodies failed to reach a deal before the end of the legislative session on Friday. Lawmakers blamed Hochul for opposing their housing proposals, including those that protect tenants from eviction and major rent hikes, and the governor claimed lawmakers never presented her with any housing bills to approve.
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June 8, 2023

282 affordable apartments up for grabs in Far Rockaway, from $388/month

Applications are now being accepted for 282 affordable units at a new residential development in Queens. Located at 1626 Village Lane, the building is part of the third phase of the Rockaway Village Apartments, a huge housing complex that is replacing an abandoned strip mall. New Yorkers earning 30, 50, and 80 percent of the area median income, or between $16,252 annually for a single person and $140,080 for a household of seven, are eligible to apply for the units, which range from $388/month studios to $1,968/month three bedrooms.
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June 5, 2023

Lottery opens at new Passive House rental in Gramercy, from $836/month

A sustainable rental in one of Manhattan's most sought-after neighborhoods launched a housing lottery last week. Designed by Hill West Architects to meet Passive House standards, Gemma Gramercy is a 20-story building, located at 200 East 23rd Street, that will use 85 percent less energy than traditional buildings. Qualifying New Yorkers earning 40, 60, and 130 percent of the area median income can apply for the available apartments, priced from $836/month studios to $3,490/month for two-bedroom units.
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June 1, 2023

Apply for 316 mixed-income apartments within Greenpoint Landing, from $410/month

A housing lottery opened this week for 316 mixed-income units at a new residential development on Brooklyn's waterfront. Located at 35 Commercial Street, the building is part of the 22-acre Greenpoint Landing development. New Yorkers earning 30, 50, 80, and 110 percent of the area median income, or between $17,006 annually for a single person and $158,510 for a household of five, are eligible to apply for the apartments, which range from $410/month studios to $2,572/month two bedrooms.
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May 31, 2023

See the 17-story mixed-use rental coming to Atlantic Avenue in Bed-Stuy

Another high-rise residential tower is coming to Brooklyn's once-industrial Atlantic Avenue corridor. Douglaston Development on Wednesday announced it secured financing for a 17-story, 474,000-square-foot mixed-use development at 1057 Atlantic Avenue in Bed-Stuy that will include 456 rental apartments and new neighborhood amenities. The tower joins several new and proposed developments on this strip of Atlantic Avenue that will bring hundreds of new homes to the area.
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May 26, 2023

125 affordable units available at energy-efficient building in East New York, from $419/month

Applications are now being accepted for 125 affordable units at Linden Terrace, an energy-efficient residential development in East New York. Located at 583 Emerald Street, the 156-unit building represents the third phase of the new affordable development. New Yorkers earning 30, 50, and 70 percent of the area median income, or between $16,938 annually for a single person and $115,850 for a household of seven, are eligible to apply for the units, which range from $419/month studios to $1,963/month three bedrooms.
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May 26, 2023

NYC Council passes legislation expanding rental assistance

The New York City Council on Thursday passed a set of bills that will help house more New Yorkers and free up shelter space for asylum seekers. The legislation ends a rule requiring unhoused people spend at least 90 days in shelter before qualifying for a rental assistance voucher, known as CityFHEPS, and expands the number of people eligible for the vouchers. Mayor Eric Adams, who may attempt to veto the bill, said the legislation will cost the city billions over the next five years.
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May 25, 2023

Citing influx of migrants, Adams looks to suspend NYC’s right to shelter rule

Citing the arrival of thousands of migrants in the city, Mayor Eric Adams wants to suspend a decades-old rule guaranteeing shelter to anyone. Adams on Tuesday filed an application with a judge asking to alter the city's right to shelter rule, which guarantees any homeless person looking for shelter access to temporary housing. The mayor is looking to rewrite the rule, which has been in place for 40 years, to allow the city to suspend the right for homeless adults when it "lacks the resources and capacity to establish and maintain sufficient shelter sites," according to Gothamist.
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May 22, 2023

89 mixed-income units available at 43-story Downtown Brooklyn rental, from $1,407/month

A housing lottery opened this week for 89 mixed-income units at a new residential development in Brooklyn. Located at 540 Fulton Street, The Paxton offers residents luxury rental units and modern amenities in the heart of Downtown Brooklyn. New Yorkers earning 80 and 130 percent of the area median income, or between $50,812 annually for a single person and $215,150 for a household of seven, can apply for the units, priced from $1,407/month studios to $3,600/month three bedrooms.
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May 12, 2023

Apply for 22 mixed-income apartments in the heart of Flatbush, from $1,576/month

Applications are being accepted for 22 mixed-income units at a new residential development in Brooklyn. Located at 1457 Flatbush Avenue, the development offers residents spacious and modern apartments with an expansive amenity suite. New Yorkers earning 80 and 130 percent of the area median income, or between $57,429 for a single person and $156,130 for a household of three, can apply for the units, which range from $1,576/month studios to $3,126/month one-bedrooms.
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May 12, 2023

Housing targets in every NYC district would lead to more equitable development, City Council says

A new plan by the New York City Council aims to increase affordable housing production by setting development goals for each of the city's 59 community districts. Speaker Adrienne Adams on Thursday unveiled her "Fair Housing Framework" legislation, a plan reminiscent of Gov. Kathy Hochul's rejected proposal earlier this year that called for every locality in the state to meet home creation targets. Under Adams' plan, "high-opportunity," or wealthier, transit-rich neighborhoods in the city, would be required to produce more low-income affordable housing. According to the plan, the city's housing agencies would be responsible for setting targets for each district, which would be reevaluated every five years, starting in 2025.
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May 10, 2023

$416M mixed-use development will bring 700 new apartments to Inwood

A massive mixed-use development project will bring nearly 700 mixed-income housing units to Upper Manhattan. Gov. Kathy Hochul on Tuesday announced the two buildings, located at 405 and 407 West 206th Street in Inwood, will feature all-electric heating and cooling and other sustainable features to help the state reach its carbon reduction goals. The $416 million complex includes a mix of studio, one, two, and three-bedroom apartments, 281 of which will be reserved for residents earning at or below 80 percent of the area median income.
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May 9, 2023

Lottery opens for 106 senior units at 100% affordable development in the Bronx

A new 16-story tower at a public housing development in the Bronx launched a housing lottery for 106 senior apartments last week. Located within NYCHA's Sotomayor Houses in Soundview, Casa Celina includes 205 units for low-income seniors, with 30 percent reserved for formerly homeless New Yorkers, community facilities, and amenities, including a rooftop terrace. 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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May 5, 2023

Two-tower Prospect Heights rental with huge public park launches lottery, from $2,290/month

A housing lottery opened this week for 240 middle-income units at 595 Dean Street, the latest building to open at the Prospect Heights mega-development, Pacific Park. The two-tower, mixed-use project has 798 total rentals, 30 percent of which are designated below market rate, and is anchored by roughly 60,000 square feet of public open space. New Yorkers earning 130 percent of the area median income, or between $78,515 annually for a single person and $187,330 for a household of five, can apply for the apartments, which range from $2,290/month studios to $3,360/month two-bedrooms.
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May 2, 2023

Broadway Junction’s overhaul to include $500M in safety, public space, and accessibility upgrades

New York City is investing nearly $500 million to revitalize the area around one of Brooklyn's busiest transit hubs. The overhaul of East New York's Broadway Junction subway station includes accessibility upgrades, two new public plazas, and safety improvements as part of the city's effort to make the hub a regional transit center, Mayor Eric Adams announced Tuesday. Work is expected to begin in 2027 and finish by 2030.
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May 2, 2023

Live above the nation’s first hip hop museum in the Bronx, from $465/month

A housing lottery opened this week for 432 mixed-income units at Mott Haven's major waterfront project, Bronx Point. Located at 575 Exterior Street, Bronx Point is a 22-story mixed-use development with over 1,000 apartments, retail space, and the country's first permanent museum dedicated to hip hop. New Yorkers earning 30, 50, 80, and 120 percent of the area median income, or between $18,515 annually for a single person and $198,600 for a household of seven, can apply for the apartments, priced from $465/month studios to $3,332/month three bedrooms.
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May 1, 2023

Lottery opens for 70 mixed-income units at High Line-facing rental in Hudson Yards, from $772/month

A new high-rise tower in Hudson Yards launched a housing lottery last week for 70 mixed-income apartments. Dubbed the 30th and 11th Apartments, the mixed-use building at 606 West 30th Street sits across from the High Line and just south of New York City's newest neighborhood. Qualifying New Yorkers earning 40, 60, and 100 percent of the area median income can apply for the apartments, priced from $772/month studios to $2,592/month two-bedroom apartments.
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April 25, 2023

Half of NYC households can’t afford basic needs, new report finds

Half of all New York City households are unable to afford their basic needs, according to a new report. Released this week by the Fund for the City of New York, the report found that 1,298,212 working households, or  2,991,973 people, do not earn enough to afford essential expenses like rent, health care, food, and transportation. The number of struggling households is up to 50 percent from 36 percent in 2021, a 38 percent increase over a two-year period, highlighting the pandemic's immense economic impact on New Yorkers.
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April 20, 2023

NYC will repair 400 vacant rent-stabilized apartments to house homeless New Yorkers

New York City will invest up to $10 million to provide homeless New Yorkers with newly repaired, rent-stabilized homes. As part of the new "Unlocking Doors" program, the city will invest up to $25,000 for urgent renovations at 400 rent-stabilized homes that have fallen into disrepair and are unavailable for rent. The city will then match households with City Fighting Homeless and Eviction Prevention Supplement (CityFHEPS) vouchers with the new apartments.
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April 19, 2023

Luxury rental in Long Island City launches lottery for 48 middle-income units, from $2,896/month

A luxury rental in Long Island City is now accepting applications for 48 below-market-rate units. Located at 27-10 44th Drive in the Court Square section of the neighborhood, 8 Court Square rises 20 stories, contains 157 apartments, 10,000 square feet of retail, and sits across the street from four subway lines. New Yorkers earning 130 percent of the area median income, or between $99,292 annually for a single person and $187,330 for a household of five, are eligible to apply for the apartments, which include $2,896/month studios, $3,094/month one-bedrooms, and $3,689/month two-bedrooms.
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April 13, 2023

Apply for 79 affordable apartments in the South Bronx, from $410/month

Applications are now being accepted for 79 affordable units at a new residential development in the South Bronx. Located at 1007 Union Avenue in Morrisania, Victory Commons offers residents supportive services, amenities, and a church sanctuary housed within the preexisting Victory Baptist Church. New Yorkers earning 30, 50, 70, and 80 percent of the area median income, or between $17,452 annually for a single person and $132,400 for a household of seven, can apply for the units, which range from $410/month studios to $2,252/month three bedrooms.
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