Affordable Housing

56 Fulton Street

Housing Lottery Launches for 60 Fulton Street in Manhattan’s Financial District

7:00 am on December 29, 2022 By Vanessa Londono

The affordable housing lottery has launched for 60 Fulton Street, a 23-story mixed-use building at 54-56 Fulton Street in Manhattan’s Financial District. Designed by Hill West Architects and developed by Parkland Group and Socius Development Group, the structure yields 120 residences. Available on NYC Housing Connect is a waiting list to fill four current and ongoing vacancies for the 30 affordable units allotted to residents at 40 to 130 percent of the area median income (AMI), ranging in eligible income from $24,378 to $187,330.

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Rendering of the Alafia campus along Fountain Avenue and Betts Creek

Renderings Reveal $1.2B Mixed-Use Alafia Campus in East New York, Brooklyn

7:30 am on December 28, 2022 By Sebastian Morris

Developers and New York State agencies have revealed renderings for Alafia, a 27-acre redevelopment project in East New York, Brooklyn. Located along Fountain Avenue near the Betts Creek waterfront, the $1.2 billion multi-phase campus will create 2,400 affordable apartments, a 15,000-square-foot outpatient medical clinic, retail space, multiple parking areas, and a mix of publicly accessible green space and recreational area.

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

7:00 am on December 28, 2022 By Vanessa Londono

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

7:00 am on December 27, 2022 By Sebastian Morris

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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