Affordable Housing

Mayor Eric Adams and Governor Kathy Hochul gather to announce $70 million initial investment to decarbonize NYCHA buildings

NYSERDA, New York Power Authority Pledge $70M For Energy-Efficiency Upgrades to NYCHA Buildings

7:00 am on August 16, 2022 By Sebastian Morris

New York City mayor Eric Adams and New York Governor Kathy Hochul recently announced phase one of the Clean Heat for All Challenge, an initiative to spur manufacturers of heating and cooling equipment to develop new energy-efficient systems for multifamily NYCHA properties. The investment arrives from the New York State Energy Research and Development Authority (NYSERDA) and the New York Power Authority and will support the development and production of 30,000 new heat pumps for NYCHA buildings.

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Beach 21 at 10-47 Beach 21st Street

Beach 21 Affordable Housing Project Completes Construction at 10-47 Beach 21st Street in Far Rockaway, Queens

7:00 am on August 15, 2022 By Sebastian Morris

Construction is complete on Beach 21, a ten-story affordable housing building at 10-47 Beach 21st Street in Far Rockaway, Queens. Developed by The Community Builders with support from New York City’s Economic Development Corporation, Department of Housing Preservation and Development, and Housing Development Corporation, the structure yields 224 units reserved for New Yorkers earning 40 to 80 percent area median income (AMI) and 23 units for the formerly homeless, as well as 28,000 square feet of ground-floor retail and community space including a daycare center. The project is part of the city’s Downtown Far Rockaway Revitalization Plan and is located between Mott Avenue to the north and Cornaga Avenue to the south.

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Bedford Green House -- Rendering of 2865 Creston Avenue

Bedford Green House Phase I Debuts at 2865 Creston Avenue in Bedford Park, Bronx

7:00 am on August 14, 2022 By Sebastian Morris

The first phase of the Bedford Green House affordable housing project is now complete at 2865 Creston Avenue in Bedford Park, The Bronx. Designed by ESKW Architects and developed by Project Renewal with support from New York City’s Department of Housing Preservation and Development (HPD) and Housing Development Corporation (HDC), the development comprises 117 affordable and supportive homes, including 71 apartments set aside for households and individuals that previously experienced homelessness, families impacted by mental illness and substance abuse, and people living with HIV and AIDS. The remaining 46 apartments are reserved for low-income households earning up to 60 percent area median income (AMI).

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Rendering of Logan Fountain - MHG Architects

Renderings Revealed for Logan Fountain Affordable Property at 265 Logan Street in Cypress Hills, Brooklyn

7:30 am on August 13, 2022 By Sebastian Morris

Renderings have been revealed for Logan Fountain, a 13-story affordable housing property at 265 Logan Street in Cypress Hills, Brooklyn. Designed by MHG Architects and developed in collaboration by The Hudson Companies, The Jericho Project, and HELP US, which recently closed on a $215 million financing package for construction, the 327,000-square-foot structure will yield 174 units and 7,677 square feet of ground-floor retail space. The property is bound by Atlantic Avenue to the north, Fountain Avenue to the east, and Logan Street to the west.

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Affordable Housing Lottery Launches for 2750-2754 Frederick Douglass Boulevard in Harlem, Manhattan

7:00 am on August 10, 2022 By Vanessa Londono

The affordable housing lottery has launched for 2750-2754 Frederick Douglass Boulevard, a pair of low-rise mixed-use buildings spanning six and eight stories in Harlem, Manhattan. Designed by NDKazalas Architecture and developed by Haussmann Development, the structures yield a total of 27 residences, three ground-floor retail spaces, and community space. Available on NYC Housing Connect are nine units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $80,983 to $187,330.

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