Affordable housing

Rendering of 5203 and 5241 Center Boulevard in Hunter's Point South, Queens - Courtesy of TF Cornerstone

Affordable Housing Lottery Launches for Hunter’s Point South in Long Island City, Queens

The housing lottery is now open for 52-41 Center Boulevard, one of two Hunter’s Point South towers on Long Island City‘s waterfront in Queens. Developed by TF Cornerstone and designed by ODA, 52-41 and 52-03 Center Boulevard will bring 1,194 new residential units in the form of studios, one-bedrooms, and two-bedrooms ranging in monthly rent from $698 to $2,704. Sixty percent of units will be allocated as permanently affordable to low-, moderate-, and middle-income families, and 100 apartments will go to low-income seniors. Available on NYC Housing Connect are the first 185 affordable units at 5241 Center Boulevard, part of a total 719 affordable units. Half of the total affordable units are set aside for the local community within Queens Community Board 2.

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Rendering of Point & Ravine Apartments in the Warburton Ravine Urban Renewal Area

Yonkers IDA Votes for $72 Million Development Project in Ravine Neighborhood

A block in the Warburton Ravine Urban Renewal Area of Yonkers will soon see a significant overhaul thanks to the Yonkers Industrial Development Agency (IDA). On September 4, the IDA gave preliminary approval of financial incentives for a $72 million development known as Point & Ravine Apartments, developed through a public partnership between the City of Yonkers and developer Conifer Realty LLC. Construction costs are estimated at $43.4 million and land acquisition at $8.24 million.

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475 Clermont Avenue

Affordable Housing Lottery Opens for 810 Fulton Street in Clinton Hill, Brooklyn

The housing lottery is now open for 810 Fulton Street, a 12-story affordable housing development in Clinton Hill, Brooklyn. Alternately addressed as 475 Clermont Avenue, the newly constructed development by Rose Associates offers 37 affordable rentals in the form of studios, one-bedrooms, and two-bedrooms to New York households with incomes from $81,258–$159,640.

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