Due to fair housing concerns, New York City plans to suspend the Affordable Independent Residences for Seniors housing program, aka AIRS, beginning July 21, 2021.
As reported by The Real Deal in December, the Department of Housing Preservation and Development (HPD) announced it would stop accepting applications for Privately Financed Affordable Senior Housing program, which allows developers to increase the scale of a project for incorporating affordable senior housing.
To qualify for the increase, developments must allocate a minimum of ten units to elderly residents making at or below 80 percent of the area median income and fill 90 percent of those apartments with at least one resident age 62 or older.
HPD announced to the New York State Association for Affordable Housing that it was suspending the program because of concerns that senior units are off limits to families who would benefit from living in “high-opportunity areas” with proximity to good schools, mass transit, and other amenities.
Any senior housing applications filed prior to the July cutoff will have new deadlines in the upcoming months. It is unclear if HPD has plans to revise the program.