A new public-private development partnership led by Exact Capital will create two new affordable cooperative buildings in West Harlem, Manhattan. The new buildings will improve vacant parcels at 207-209 West 140 Street and 304 West 150 Street, and create a total of 52 homes.
Developers and city officials recently celebrated the completion of 50 Penn, a 218-unit affordable housing property at 50 Pennsylvania Avenue in East New York, Brooklyn. Developed by Pennrose with design by Dattner Architects, the building’s residential collection includes include 56 studios, 96 one-bedroom, 48 two-bedroom, and 18 three-bedroom apartments.
Permits have been filed for a six-story affordable housing building at 1405 Boston Road in Morrisania, The Bronx. Located between Prospect Avenue and East 170th Street, the lot is within walking distance of the Freeman Street subway station, serviced by the 2 and 5 trains. Frederick Shack of Urban Pathways Inc. is listed as the owner behind the applications.
The affordable housing lottery has launched for 601 West 29th Street, a 60-story mixed-use tower in Hudson Yards, Manhattan. Designed by FXCollaborative and developed by Douglaston Development, the building yields 938 residences, 50,000 square feet of amenity space, and 15,000 square feet of retail space. Available on NYC Housing Connect are 235 units for residents at 40 to 100 percent of the area median income (AMI), ranging in eligible income from $26,229 to $144,100.
A new, mixed-use, affordable housing project for low-income seniors has debuted in the Morrisania section of The Bronx. Located at 1074 Washington Avenue, the Trinity-Reverend William James Senior Apartments is constructed on land formerly occupied by a vacant United Methodist church and today comprises a collection of 154 deeply affordable apartments, a 5,400-square-foot social services facility on the ground floor, and recreational amenity spaces for future occupants.
