Affordable Housing

Rendering of the Nehemiah Spring Creek senior facility, courtesy of SLCE Architects

Affordable Housing Lottery Opens for 214 Apartments at Nehemiah Spring Creek, in East New York

6:30 am on November 1, 2020 By Vanessa Londono

The housing lottery is now open for Nehemiah Spring Creek, two separate residential developments in East New York, Brooklyn. Developed by Nehemiah Housing Development Fund Company, a non-profit housing affiliate for East Brooklyn Congregations in partnership with Monadnock Development, the buildings in this phase yield a total 214 rentals in a mix of studios, one-, two-, and three-bedroom units. Available on NYC Housing Connect are the 214 apartments for residents with an eligible income between $18,618 to $126,900, ranging from 30 to 90 percent of the Area Median Income (AMI). The structures are part of a 45-acre development plan that brings a mix of retail, affordable apartment rentals, and townhouse home ownership.

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Proposed zoning in SoHo and NoHo, Manhattan - NYC Department of City Planning

City Proposals to Rezone SoHo and NoHo Under Further Review in Environmental Assessment Statement

8:00 am on October 31, 2020 By Sebastian Morris

An Environmental Assessment Statement released by the NYC Department of City Planning reveals how proposals to rezone Manhattan’s SoHo and NoHo neighborhoods could permanently alter the area. The actions aim to expand allowable residential density for multifamily buildings, spur the construction of income-restricted and permanently affordable housing, and increase available community facilities. If approved, the upzone could spur the development of more than 3,200 new apartment units, 108,000 gross square feet of retail space, and 35,000 square feet of community facilities. Estimates for residential development include up to 940 affordable apartment units.

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Existing conditions at 117 West 79th Street - Courtesy of Fairstead

Park 79 Hotel at 117 West 79th Street Set For Senior Affordable Housing Conversion, on Upper West Side

7:30 am on October 20, 2020 By Sebastian Morris

The historic Park 79 Hotel on Manhattan’s Upper West Side will soon be home to a new deeply affordable senior housing property following the successful acquisition of construction financing to complete the project. Located at 117 West 79th Street near Columbus Avenue, the seven-story building will eventually comprise 77 housing units with on-site supportive and social services administered by Project FIND. The property will remain affordable for seniors for at least 60 years through a regulatory agreement with the New York City Department of Housing Preservation and Development.

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