Affordable housing

Aerial rendering of 540 DeGraw Street - Handel Architects

Developers Close on $140M Loan to Complete Majestic at 540 DeGraw Street in Gowanus, Brooklyn

7:00 am on September 19, 2022 By Sebastian Morris

JLL Capital Markets has arranged a $142 million construction loan to finance the completion of Majestic, a 12-story mixed-use building at 540 DeGraw Street in Gowanus, Brooklyn. Designed by Handel Architects and developed by Domain Companies, the Urban Investment Group within Goldman Sachs Asset Management, Vorea Group and Mega Development, the building will yield 18,000 square feet of commercial space and 255 rental units. A total 25 percent of the units will be designated for affordable housing. Future Green Studio is the landscape designer for the property, which is located between Nevins Street and 3rd Avenue.

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270 West 96th Street courtesy of Fetner Properties

270 West 96th Street Prepares to Rise Above Street Level on Manhattan’s Upper West Side

8:00 am on September 18, 2022 By Michael Young

Construction is about to go vertical on 270 West 96th Street, a 23-story residential building on Manhattan’s Upper West Side. Designed by SLCE Architects and developed by Fetner Properties, the 235-foot-tall structure will yield 171 rental units with 68 dedicated to affordable housing, and 8,961 square feet of community facility space. Urban Atelier Group is the general contractor for the property, which is located between West End Avenue and Broadway, and King Contracting Group will be in charge of placing the CMU, bricks, EIF’s cast stone and roofing.

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Affordable Housing Lottery Launches for Linden Terrace II in East New York, Brooklyn

6:30 am on September 18, 2022 By Vanessa Londono

The affordable housing lottery has launched for Linden Terrace II, an eight-story mixed-use building at 573 Emerald Street in East New York, Brooklyn. Designed by Magnusson Architecture and Planning and developed by Radson Development, the structure yields 160 residences. Available on NYC Housing Connect are 129 units for residents at 30 to 70 percent of the area median income (AMI), ranging in eligible income from $16,183 to $115,850.

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Mill Brook Terrace at 570 East 137th Street in The Bronx

Mill Brook Terrace Affordable Senior Housing Project Debuts at 570 East 137th Street in Mott Haven, Bronx

7:30 am on September 16, 2022 By Sebastian Morris

Mill Brook Terrace, a new affordable housing development for seniors, has opened for occupancy at 570 East 137th Street in the Mott Haven section of The Bronx. Developed by West Side Federation for Senior and Supportive Housing and New York City Housing Authority (NYCHA), the project is a result of NYCHA’s NextGeneration Request for Proposals (RFP), a community visioning process that identified the need for additional senior housing and services in the neighborhood. West Side Federation for Senior and Supportive Housing was awarded the site in 2016 and construction was completed in December 2019. By October 2020, the property was fully leased.

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Housing Lottery Launches for 126 Units in Astoria West Phase 2 in Astoria, Queens

7:00 am on September 15, 2022 By Vanessa Londono

The affordable housing lottery has launched for Astoria West Phase 2, two parts of a 522,000-square-foot complex comprised of a trio of interconnected structures at 11-12 30th Drive and 11-28 30th Drive in Astoria, Queens. Designed by Fogarty Finger Architects and developed by Cape Advisors, the structures yield 534 apartments and an extensive amenity package. Available on NYC Housing Connect are 126 affordable housing units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $80,572 to $187,330.

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