The affordable housing lottery has launched for 2724 Heath Avenue, a seven-story residential building in University Heights, The Bronx. The 51,610-square-foot development was designed by Marin Architects and developed by Stagg Group, and yields 64 units. Available on NYC Housing Connect are 28 units for residents at 120 percent of the area median income (AMI), ranging in eligible income from $56,572 to $154,680.
A recent acquisition of an affordable senior community at 1313 Baltic Avenue in Atlantic City, New Jersey will preserve its affordability for 30 years. Standard Communities, the affordable housing division of Standard Companies, acquired Baltic Plaza Apartments for approximately $38 million.
Façade work is getting closer to completion on 145 West 47th Street, a 48-story RIU Hotel in Times Square. Designed by Berg + Moss Architects and developed by Tribeach Holdings, the 353,000-square-foot edifice is located between Sixth and Seventh Avenues and will yield a total of 630 guest rooms.
This week, Sydney House debuted as Habitat for Humanity‘s largest completed housing project worldwide. Designed by Union Street Studios, the seven-story building is located at 839-843 Tilden Street in The Bronx and is the first project to be completed as part of New York City’s “Open Door” affordable homeownership program.
Today’s housing lottery round-up features three buildings in Queens and The Bronx with available affordable units on Housing Connect with deadlines closing within the next seven days.