Affordable Housing

Rendering of 130 Hope Street - J Frankl Associates

Construction Nears Completion at 130 Hope Street in Williamsburg, Brooklyn

Construction is nearly complete on 130 Hope Street, a seven-story residential building in Williamsburg, Brooklyn. Designed by J Frankl Associates and developed by Clipper Equity, the structure will eventually comprise 143 rental units, ground-floor retail space, and a collection of tenant amenity spaces. The property was formerly addressed as 134 Hope Street and is expected to debut this spring.

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Housing Lottery Launches for 4435 White Plains Road in Wakefield, The Bronx

The affordable housing lottery has launched for 4435 White Plains Road, a seven-story mixed-use building in Wakefield, The Bronx. Designed by Marin Architects and developed by Stagg Group, the structure yields 82 residences. Available on NYC Housing Connect are 27 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $68,572 to $187,330.

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Daytime view of Riverdale Osborne Towers

Developers Close on $100M Refinance for Riverdale Osborne Towers in Brownsville, Brooklyn

The Community Preservation Corporation (CPC) and Proto Property Services have closed on a $100 million refinance for Riverdale Osborne Towers, a 525-unit affordable housing complex in Brownsville, Brooklyn. The partners plan to use the financing to complete extensive renovations and facility modernization throughout the complex, which is addressed as 420-440 Watkins Street. The funds will also ensure the property remains financially stable and preserves long-term affordability for residents.

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Housing Lottery Launches for The Bronx Grove at 261 East 202nd Street and 207 East 203rd Street in Bedford Park, The Bronx

The affordable housing lottery has launched for The Bronx Grove, two 11-story buildings at 261 East 202nd Street and 207 East 203rd Street in Bedford Park, The Bronx. Designed by Aufgang Architects and developed by Peter Fine, the structures yield 127 residences. Available on NYC Housing Connect are 127 units for residents at 30 to 80 percent of the area median income (AMI), ranging in eligible income from $0 to $132,400.

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Housing Lottery Launches for Twin Parks Terrace in Fordham Heights, The Bronx

The affordable housing lottery has launched for Twin Parks Terrace, a 14-story mixed-use building at 373 East 183rd Street in Fordham Heights, The Bronx. Designed by Danois Architects and developed by NYC Housing Authority, the structure yields 181 residences and 11,000 square feet of retail space. Available on NYC Housing Connect are 135 units for residents at 40 to 80 percent of the area median income (AMI), ranging in eligible income from $22,012 to $132,400.

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