Affordable housing

Riseboro Closes on $412.4 Million Financing for Alafia Phase II in East New York, Brooklyn

7:00 am on January 3, 2025 By Vanessa Londono

RiseBoro Community Partnership recently secured $412.4 million in financing for the second phase of Alafia, a mixed-use development with a focus on wellness services in East New York, Brooklyn. To be built in collaboration with L+M Development Partners LLC and Apex Building Group as co-developers, the second phase will bring 634 affordable and supportive units within two 14-story buildings as well as infrastructure improvements, parking, and 22,000 square feet of retail and community facilities.

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Housing Lottery Launches for ANCP Cluster in Alphabet City, Manhattan

7:00 am on January 2, 2025 By Vanessa Londono

The affordable housing lottery has launched for three gut-renovated buildings at 406 East 10th Street, 533 East 11th Street, and 195 Avenue C in the Alphabet City section of Manhattan’s East Village. Developed by Affordable Neighborhood Cooperative Program of the New York City Department of Housing Preservation and Development, occupancy is anticipated for summer-fall of 2025. Available on NYC Housing Connect are 21 units for residents at 110 percent of the area median income (AMI), ranging in eligible income from $83,016 to $211,860.

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New Renderings Revealed For 147-27 Archer Avenue in Jamaica, Queens

7:30 am on December 29, 2024 By Michael Young and Matt Pruznick

New renderings have been released for 147-27 Archer Avenue, a proposed 20-story mixed-use building in Jamaica, Queens. Designed by IMC Architecture and developed by Meyer Chetrit of The Chetrit Group, the 231-foot-tall structure will span 274,837 square feet and yield 359 rental units with an average scope of 653 square feet, as well as 23,108 square feet of commercial space, 17,194 square feet of community facility space, a cellar level, and 219 enclosed parking spaces. The residential program is set to include 119 income-restricted units. The 23,000-square-foot property is located between 147th and 148th Streets.

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Photograph of Governor Hochul, via governor.ny.gov

$51 Million In Affordable Housing Grants Announced To Support Ownership For 1,060 Households Across New York State

7:30 am on December 28, 2024 By Max Gillespie

Governor Kathy Hochul has announced $51 million in grants to support affordable homeownership for 1,060 households across New York State. Administered by New York State Homes and Community Renewal’s Office of Community Renewal, the funds will assist low- and moderate-income families with home repairs, accessibility modifications, safety upgrades, replacement of manufactured homes, and down payment assistance for first-time buyers. This initiative aligns with Governor Hochul’s $25 billion comprehensive Housing Plan, which aims to create and preserve 100,000 affordable homes statewide.

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