Affordable Housing

Rendering of 345 McLean Avenue in Yonkers

Developers Granted $56.8M Incentives Package for Affordable Senior Housing Project at 345 McLean Avenue in Yonkers

Verus Development will receive a $56.8 million incentives package to facilitate the completion of a new affordable rental property for low-income seniors at 345 McLean Avenue in Yonkers, New York. The 12-story building will feature 105 apartment in studio, one-, and two-bedroom layouts, all reserved for seniors 62 years and older with an income at or below 60 percent of the area median income.

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Housing Lottery Launches for 3029 and 3031 Bronxwood Avenue in Williamsbridge, The Bronx

The affordable housing lottery has launched for 3029 and 3031 Bronxwood Avenue, a pair of four-story residential buildings in Williamsbridge, The Bronx. Designed by Badaly Architects and developed by Arlind Kastrati under the 3031 Bronxwood Realty LLC, the structures yield 16 residences total. Available on NYC Housing Connect are six units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $74,229 to $156,130.

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Housing Lottery Launches for Compass Six Residences at 1923 West Farms Road in West Farms, The Bronx

The affordable housing lottery has launched for Compass Six Residences, a 16-story mixed-use building at 1923 West Farms Road in West Farms, The Bronx. Designed by Dattner Architects and developed by Monadnock Development, the structure yields 251 residences. Available on NYC Housing Connect are 156 units for residents at 30 to 80 percent of the area median income (AMI), ranging in eligible income from $16,183 to $132,400.

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Housing Lottery Launches for 82 4th Avenue in Boerum Hill, Brooklyn

The affordable housing lottery has launched for 82 4th Avenue, a nine-story mixed-use building in Boerum Hill, Brooklyn. Designed by Lester Katz of BDF Architecture and developed by Abraham Posner, the structure yields 29 residences. Available on NYC Housing Connect are nine units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $107,178 to $156,130.

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