Affordable housing

HPD Selects Project Team for Low-Income Housing Development at 542 Dean Street in Prospect Heights, Brooklyn

7:00 am on August 22, 2023 By Sebastian Morris

New York City’s Department of Housing Preservation and Development (HPD) has selected a trio of companies to convert an existing parking lot into a low income housing property for seniors and the formerly homeless. Located at 542 Dean Street in Prospect Heights, transformation of the city-owned lot will be led by Jobe Development Corp., Mega Group Development, and the Institute for Community Living, a non-profit agency based in New York.

Aerial view of Midtown Manhattan - Department of City Planning

Mayor Adams Moves Forward with Midtown South Neighborhood Plan to Facilitate Office-to-Residential Conversions in Midtown, Manhattan

7:00 am on August 21, 2023 By Sebastian Morris

Mayor Eric Adams has ushered in the next phase of the Midtown South Neighborhood Action Plan, a community development plan aimed at facilitating the conversion of office properties into multifamily residential buildings. Over time, the plan will update existing zoning rules and administrative hurdles that slow down the process for developers.

Daytime rendering of Avalon Harrison, now complete

Avalon Harrison Affordable Housing Development Completes Construction in Harrison, New York

7:00 am on August 20, 2023 By Sebastian Morris

Elected officials and developers celebrated the completion of Avalon Harrison, a mixed-use affordable housing complex in Harrison, New York. Located adjacent to the Harrison Metro-North train station in Westchester County, the project was led by AvalonBay Communities, which worked closely with the Metropolitan Transportation Authority and local officials at every phase of the project.

35 Commercial Street Completes Construction in Greenpoint, Brooklyn

8:00 am on August 19, 2023 By Michael Young and Matt Pruznick

Exterior work is complete on 35 Commercial Street, a 22-story affordable housing building in the Greenpoint Landing mega-complex in Greenpoint, Brooklyn. Designed by Handel Architects and developed by Park Tower Group along with Greenpoint Landing Associates, New York City’s Housing Preservation & Development (HPD), and the Housing Development Corporation (HDC), the structure will yield 374 permanently affordable apartments and 7,600 square feet of lower-level retail space. Monadnock Construction is the general contractor for the property, which is bound by Commercial and Clay Streets to the south and Bell Slip to the west.

Daytime view of 155 Elliot Avenue Senior Apartments

Yonkers IDA Approves Financial incentives for Two Affordable Housing Projects for Seniors

7:30 am on August 19, 2023 By Sebastian Morris

At the beginning of August, the Yonkers Industrial Development Agency voted to approve financial incentives for a pair of affordable senior housing projects around the city. Together, the projects represent a $22.4 million investment and will support over 170 apartments for low-income seniors.

Housing Lottery Launches for Enclave at The Cathedral at 400 West 113th Street in Morningside Heights

7:00 am on August 19, 2023 By Vanessa Londono

The affordable housing lottery has launched for Enclave at The Cathedral, a 15-story mixed-use building at 400 West 113th Street in Morningside Heights, Manhattan. Designed by Handel Architects and developed by The Brodsky Organization, the structure yields 430 residences. Available on NYC Housing Connect is a waiting list for four vacant units for residents at 60 percent of the area median income (AMI), ranging in eligible income from $30,789 to $91,500.

Tower 77’s Façade Wraps Up at 77 Commercial Street in Greenpoint, Brooklyn

8:00 am on August 18, 2023 By Michael Young

Exterior work is nearing completion on Tower 77, a two-tower residential development at 77 Commercial Street in Greenpoint, Brooklyn. Designed by CetraRuddy and developed by Clipper Equity, the architecturally identical 30- and 40-story towers will collectively yield 811,000 square feet and 520 rental units, with 200 designated for affordable housing. The 331- and 429-foot-tall reinforced concrete superstructures both sit atop a seven-story podium that will contain 25,000 square feet of retail space and a 300-vehicle below-grade parking garage. Ray Builders is the general contractor and Hatfield Group is the façade consultant for the property, which is located next to the Greenpoint Landing master plan near the intersection of Commercial and Box Streets.

Housing Lottery Launches for The Eliza at 4790 Broadway in Inwood, Manhattan

7:00 am on August 18, 2023 By Vanessa Londono

The affordable housing lottery has launched for The Eliza, a 14-story mixed-use building at 4790 Broadway in Inwood, Manhattan. Designed by Fogarty Finger and developed by the Community League of the Heights in a joint venture with Children’s Village, Ranger Properties, Alembic Community Development, and Housing Workshop, the structure yields 174 residences. Available on NYC Housing Connect are 138 units for residents at 30 to 60 percent of the area median income (AMI), ranging in eligible income from $16,183 to $105,060.

88 East 127th Street is Close to Wrapping Up in East Harlem, Manhattan

7:30 am on August 17, 2023 By Michael Young and Matt Pruznick

Construction is nearing the finish line on 88 East 127th Street, a 19-story residential building in East Harlem, Manhattan. Designed by GF55 Architects and developed and built by Artimus Construction, the 214-foot-tall structure will span 174,951 square feet and yield 160 rental units, with 40 reserved for affordable housing, as well as 15,657 square feet of commercial space. The project stands on a formerly vacant plot bound by Park Avenue, and East 126th and East 127th Streets.

Housing Lottery Launches for The Grand Pacific Apartments in Crown Heights, Brooklyn

6:30 am on August 17, 2023 By Vanessa Londono

The affordable housing lottery has launched for The Grand Pacific Apartments, a nine-story mixed-use building at 985 Pacific Avenue in Crown Heights, Brooklyn. Designed by Issac & Stern Architects and developed by EMP Capital Group, the structure yields 69 residences. Available on NYC Housing Connect are 18 units for residents at 40 to 130 percent of the area median income (AMI), ranging in eligible income from $28,320 to $198,250.

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