Photograph of Mayor Eric Adams from press conference, via nyc.gov

New York City Achieves Back-To-Back Record-Setting Years For Affordable Housing Creation

New York City has set a new record for affordable housing creation for the second consecutive year. Mayor Eric Adams announced that in 2024, the city built the highest number of units for formerly homeless individuals (4,623), supportive housing (2,761), and senior housing (2,966) in its history. The city also closed financing for 27,620 affordable homes and facilitated nearly 14,654 households moving into affordable units.

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Housing Lottery Launches for Maison 78 at 356 East 78th Street on the Upper East Side of Manhattan

The affordable housing lottery has launched for Maison 78, a 35-story mixed-use building at 356 East 78th Street on Manhattan’s Upper East Side. Designed by Hill West Architects and developed by Carmel Partners, the structure yields 206 residences. Available on NYC Housing Connect are 45 units for residents at 70 to 130 percent of the area median income (AMI), ranging in eligible income from $62,675 to $218,010.

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Wellness Amenities a Priority at 96+Broadway on Manhattan’s Upper West Side

Located between Riverside Park and Central Park, 96+Broadway is redefining wellness through residential amenities that go well beyond a row of treadmills in the basement. The 23-story condominium tower on the Upper West Side is designed by Thomas Juul-Hansen and developed by JVP Management. Yielding a mix of 131 residences ranging from one- to five- bedroom layouts, 250 West 96th Street development also has an impressive amenity suite that provides residents with opportunities for self-care.

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499 President Street Nears Completion in Gowanus, Brooklyn

Construction nearing completion on 499 President Street, a ten-story residential building in Gowanus, Brooklyn. Designed by SLCE Architects and developed by The Brodsky Organization and Avery Hall Investments, the 85-foot-tall structure will span 322,000 square feet and yield 262 rental units in studio to two-bedrooms layouts, with 88 homes designated for affordable housing, as well as 20,000 square feet of ground-floor retail space. The 1.6-acre property is bound by Union Street to the north, President Street to the south, and Nevins Street to the west.

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