Joy Construction has announced plans to construct an 11-story affordable and supportive housing project at 1545 Jerome Avenue in Mount Eden, The Bronx. Built in collaboration with Services for the UnderServed and Blue Sky Development Partners, the 160,000-square-foot structure will yield 213 residential units. The property is currently occupied by a one-story parking facility.
The affordable housing lottery has launched for 18 India Street, a two-tower residential complex in Greenpoint, Brooklyn. Designed by Marvel Designs with INC Architecture & Design as the interior architect and interior designer, and developed and built by Lendlease, the structure yields 834 residences. Available on NYC Housing Connect are 251 units for residents at 70 to 130 percent of the area median income (AMI), ranging in eligible income from $55,612 to $218,010.
Governor Kathy Hochul has unveiled her fiscal year 2026 Executive Budget, which among state-wide initiatives, includes a number of measures to tackle New York City’s housing crisis and promote real estate development in the city. Central to the budget is the allocation of $1 billion over five years to Mayor Adams’ “City of Yes” initiative, which will fund housing construction and places an emphasis on zoning reforms to boost density. Another $760.5 million in discretionary funding has been allocated for certified Pro-Housing Communities, including $100 million for infrastructure upgrades to support new developments.
Proposals have been revealed for a pair of mixed-use skyscrapers at 629 West 54th Street and 801 Eleventh Avenue in Hell’s Kitchen, Manhattan. Designed by Hill West Architects and developed by The Chapman Group and Friedland Properties, the project consists of a 42-story tower standing 565 feet tall at 629 West 54th Street and a 38-story, 525-foot-tall tower at 801 Eleventh Avenue. The former will yield 617 rental units, with 154 reserved for affordable housing, as well as 84,359 square feet of commercial space, while the latter will house 447 rental units, with 119 slated for affordable housing, and 64,392 square feet of commercial space. The skyscrapers will rise from opposite corners of two separate city blocks bound by West 55th Street to the north, West 54th Street to the south, Eleventh Avenue to the east, and Twelfth Avenue to the west.
The affordable housing lottery has launched for 38-03 31st Street, a five-story mixed-use building in Long Island City, Queens. Designed by Angelo Ng & Anthony Ng Architect and developed by Hooshang Nemat under the LIC 31 LLC, the structure yields nine residences. Available on NYC Housing Connect are three units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $92,572 to $181,740.
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