The affordable housing lottery has launched for 451 Tenth Avenue, a 44-story residential skyscraper in Manhattan’s Hudson Yards. Designed by Handel Architects and developed by Related Companies, the structure yields 270 residences. Available on NYC Housing Connect are 135 units for residents at 40, 60, and 120 percent of the area median income (AMI), ranging in eligible income from $29,075 to $183,000.
The affordable housing lottery has launched for 22-51 45th Street, one of two eight-story buildings in the Fabric Astoria residential complex in Astoria, Queens. Designed by Dattner Architects and developed by Mega Development, the structure yields 64 residences. Available on NYC Housing Connect are 20 units for residents at 80 to 130 percent of the area median income (AMI), ranging in eligible income from $62,983 to $146,900.
The affordable housing lottery has launched for 714 East 217th Street, a four-story residential building in Williamsbridge, The Bronx. Designed by Baobab Architects and developed by Shaya Seidenfield, the structure yields 17 residences. Available on NYC Housing Connect are 16 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $72,000 to $167,570.
Mayor Eric Adams has announced a new initiative within the “City of Yes for Housing Opportunity” proposal that seeks to generate tens of thousands of affordable homes in New York City. The new initiative is targeting areas previously out of reach for many working-class New Yorkers due to an outdated floor-to-area-ratio cap, which historically has restricted the construction of new homes in high-demand zones. The proposal is seeking to lift the floor-to-area-ratio cap in these areas, such as in Midtown, Manhattan.
The affordable housing lottery has launched for 1010 Bedford Avenue & 263 Skillman Street, a seven-story residential building in Bedford Stuyvesant, Brooklyn. Developed by Loketch Group, the structure yields 36 residences. Available on NYC Housing Connect are seven units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $119,486 to $227,630.
