Affordable Housing

Housing Lottery Launches for 875 4th Avenue in Sunset Park, Brooklyn

The affordable housing lottery has launched for 875 4th Avenue, an eight-story residential building in Sunset Park, Brooklyn. Designed by Fischer + Makooi Architect and developed by Heritage Equity Partners under the 875 4th Avenue Acquisition LLC, the structure yields 150 residences and 62 enclosed parking spaces. Available on NYC Housing Connect are 45 units for residents at 80 to 130 percent of the area median income (AMI), ranging in eligible income from $53,863 to $187,330.

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Rendering of the new town square in Riverhead, Long Island

New York State Awards $20M to Support Community Projects in Riverhead and Amityville, Long Island

Riverhead and Amityville, a pair of small towns in Suffolk County, Long Island, are the latest recipients of a $10 million Downtown Revitalization Initiative (DRI) award from New York State agencies. The initiative is described as an economic development program and is backed by the Department of State, Empire State Development, the New York State Homes and Community Renewal, and NYSERDA.

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Housing Lottery Launches for 195 Herzl Street in Brownsville, Brooklyn

The affordable housing lottery has launched for 195 Herzl Street, a four-story residential building in Brownsville, Brooklyn. Designed by Wu (Woody) Chen of Infocus and developed by Yehuda Vaknin, the structure yields eight residences with a cellar and penthouse. Available on NYC Housing Connect are three units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $69,429 to $156,130.

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Housing Lottery Waiting List Launches for Waterside Plaza in Kips Bay, Manhattan

The affordable housing lottery waiting list has launched for Waterside Plaza, a complex with five mixed-use buildings at 10, 20, 25, 30, and 40 Waterside Plaza in Kips Bay, Manhattan. Owned by Brookfield Asset Management as of 2021, the structure yields 1,470 residences. Available on NYC Housing Connect are 26 units for residents at 130 and 160 percent of the area median income (AMI), ranging in eligible income from $86,606 to $264,800. New tenants get one month rent free.

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