Affordable housing

Housing Lottery Launches for The Eliza at 4790 Broadway in Inwood, Manhattan

7:00 am on August 18, 2023 By Vanessa Londono

The affordable housing lottery has launched for The Eliza, a 14-story mixed-use building at 4790 Broadway in Inwood, Manhattan. Designed by Fogarty Finger and developed by the Community League of the Heights in a joint venture with Children’s Village, Ranger Properties, Alembic Community Development, and Housing Workshop, the structure yields 174 residences. Available on NYC Housing Connect are 138 units for residents at 30 to 60 percent of the area median income (AMI), ranging in eligible income from $16,183 to $105,060.

88 East 127th Street is Close to Wrapping Up in East Harlem, Manhattan

7:30 am on August 17, 2023 By Michael Young and Matt Pruznick

Construction is nearing the finish line on 88 East 127th Street, a 19-story residential building in East Harlem, Manhattan. Designed by GF55 Architects and developed and built by Artimus Construction, the 214-foot-tall structure will span 174,951 square feet and yield 160 rental units, with 40 reserved for affordable housing, as well as 15,657 square feet of commercial space. The project stands on a formerly vacant plot bound by Park Avenue, and East 126th and East 127th Streets.

Housing Lottery Launches for The Grand Pacific Apartments in Crown Heights, Brooklyn

6:30 am on August 17, 2023 By Vanessa Londono

The affordable housing lottery has launched for The Grand Pacific Apartments, a nine-story mixed-use building at 985 Pacific Avenue in Crown Heights, Brooklyn. Designed by Issac & Stern Architects and developed by EMP Capital Group, the structure yields 69 residences. Available on NYC Housing Connect are 18 units for residents at 40 to 130 percent of the area median income (AMI), ranging in eligible income from $28,320 to $198,250.

Housing Lottery Launches for 3073 Barker Avenue in Williamsbridge, The Bronx

7:00 am on August 16, 2023 By Vanessa Londono

The affordable housing lottery has launched for 3073 Barker Avenue, an eight-story residential building in Williamsbridge, The Bronx. Designed by Dome Architecture and Design and developed by Omni Build, the structure yields 25 residences. Available on NYC Housing Connect are 24 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $72,000 to $167,570.

Housing Lottery Launches for 282 Hinsdale Street in East New York, Brooklyn

6:30 am on August 15, 2023 By Vanessa Londono

The affordable housing lottery has launched for 282 Hinsdale Street, an eight-story residential building in East New York, Brooklyn. Designed by Curtis + Ginsberg Architects and developed by New York City Department of Housing Preservation and Development, the structure yields 71 residences. Available on NYC Housing Connect are 27 units for residents at 60 percent of the area median income (AMI), ranging in eligible income from $37,920 to $91,500.

Aerial view of Edgemere Commons - Aufgang Architects

Wells Fargo Hits $780M Financing Milestone for New York City Affordable Housing Projects

7:00 am on August 13, 2023 By Sebastian Morris

The Community Lending and Investment division of Wells Fargo has reached a new milestone, $780.3 million in construction financing for affordable housing projects in New York City and Westchester County. The figure represents five loans, all closed in June 2023, the company’s largest-ever half-cycle allocation.

Rendering of the National Black Theatre and Ray Harlem

Ray Harlem Rises At 2033 Fifth Avenue in East Harlem, Manhattan

8:00 am on August 12, 2023 By Michael Young

Construction is in full swing for Ray Harlem at 2033 Fifth Avenue in the Special Arts District in East Harlem, Manhattan. Designed by Handel Architects and Frida Escobedo, and developed by Ray and LMXD, the ground-up 21-story, 240-foot-tall mixed-use project will yield 222 rental units in the main tower ranging from studios to two-bedrooms, a portion of which are designated towards affordable housing, while the National Black Theatre (NBT) is expected to occupy 25,000 square feet of space on the ground floor, cellar level and floors three through five and feature a 250-seat flexible temple space and a 99-seat studio theater, classrooms, and offices. Little Wing Lee is the interior designer, Charcoalblue, Marvel Architects, and Studio & Projects are overseeing the theater aspect and Chatsworth Builders is listed at the general contractor for the property, which is located along Fifth Avenue between East 125th and East 126th Streets.

Housing Lottery Launches for 88 East 127th Street Apartments in East Harlem, Manhattan

7:00 am on August 12, 2023 By Vanessa Londono

The affordable housing lottery has launched for 88 East 127th Street, a 19-story mixed-use building in East Harlem, Manhattan. Designed by GF55 Architects and developed by Artimus Construction, the structure yields 160 residences. Available on NYC Housing Connect are 40 units for residents at 40 to 130 percent of the area median income (AMI), ranging in eligible income from $29,109 to $198,250.

Excavation and Demolition Underway at 729-739 Second Avenue in Murray Hill, Manhattan

8:00 am on August 11, 2023 By Michael Young and Matt Pruznick

Excavation is underway at 729 Second Avenue, the site of a 20-story residential building in Murray Hill, Manhattan. Designed by CetraRuddy and developed by Brause Realty, the 237-foot-tall structure will yield 120,000 square feet with 157 units and 4,600 square feet of ground-floor retail space. Titan Industrial SVC Corp and Alba Services Inc. are the demolition contractors for the property, which is located between East 38th and East 39th Streets.

Affordable Housing Lottery Launches for 514 Herkimer Street in Bed-Stuy, Brooklyn

6:30 am on August 11, 2023 By Vanessa Londono

The affordable housing lottery has launched for 514 Herkimer Street, an eight-story residential building in Bedford Stuyvesant, Brooklyn. Designed by ARC Architecture + Design Studio and developed by Oren Shalev under the 514 Herkimer LLC, the structure yields 15 residences. Available on NYC Housing Connect are five units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $82,286 to $165,230.

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Affordable housing

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