Affordable housing

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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Brooklyn Tower’s Façade Continues to Wrap Up at 9 DeKalb Avenue in Downtown Brooklyn

At number six on our December countdown of the tallest buildings under construction in New York is The Brooklyn Tower, a 1,066-foot residential supertall at 9 DeKalb Avenue in Downtown Brooklyn. Designed by SHoP Architects and developed by JDS Development, the 93-story skyscraper stands as the tallest building in the outer boroughs that will yield 150 condominium units, 280 market-rate rentals, 120 affordable rentals, and a 100,000-square-foot retail podium incorporated into the renovated landmark Dime Savings Bank of Brooklyn. Douglas Elliman Development Marketing Group is the exclusive marketing, sales, and leasing agent for the residential component, which includes 150 units for purchase and 120 affordable rental units. Gachot Studios is the residential interior designer, Krista Ninivaggi of Woods Bagot is the amenity designer, and HMWhite is the landscape designer for the property, which is bound by Flatbush Avenue Extension to the northeast, Fleet Street to the northwest, DeKalb Avenue to the south, and the adjoining Dime Savings Bank to the west.

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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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