Affordable housing

Housing Lottery Launches for Fabric Astoria 46th Homeownership in Ditmars-Steinway, Queens

7:00 am on August 28, 2024 By Vanessa Londono

The affordable housing lottery has launched for homeownership at Fabric Astoria, a pair of eight-story buildings at 2254 46th Street in Astoria, Queens. Designed by Dattner Architects and developed by Mega Development, the structure yields 64 residences. Available on NYC Housing Connect are four units for residents at 80 percent of the area median income (AMI), ranging in eligible income from $79,869 to $154,080.

Housing Lottery Launches for 550 Tenth Avenue in Hell’s Kitchen, Manhattan

6:30 am on August 27, 2024 By Vanessa Londono

The affordable housing lottery has launched for 550 Tenth Avenue, a 47-story mixed-use building in Hell’s Kitchen, Manhattan. Designed by Handel Architects and developed by Gotham Organization and Goldman Sachs Asset Management JV, the structure yields 453 residences, over 20,000 square feet of amenities, 9,000 square feet of retail space, and 26,764 square feet of administrative office space for Covenant House. Available on NYC Housing Connect are 114 units for residents at 70 to 125 percent of the area median income (AMI), ranging in eligible income from $59,280 to $209,625.

Photograph from 'City of Yes' affordable housing announcement, via nyc.gov

Mayor Adams Issues Executive Order To Review City-Owned Land For Potential Housing Development

7:00 am on August 26, 2024 By Max Gillespie

New York City Mayor Eric Adams has announced the issuance of executive order 43, which requires city agencies to review their city-owned and controlled land for potential housing development sites. The executive order, which builds off the goals of the “City of Yes for Housing Opportunity” proposal, aims to support the Adams administration’s goal of building 500,000 new homes by 2032 to address the city’s affordable housing shortage.

Foundations Underway For 5055 Broadway in Inwood, Manhattan

7:30 am on August 25, 2024 By Michael Young and Matt Pruznick

Below-grade work is underway at 5055 Broadway, the site of an 11-story mixed-use building in Inwood, Manhattan. Designed by Fischer + Makooi Architects and developed by Timber Equities, the 155-foot-tall structure will span 50,808 square feet and yield 60 rental apartments in one- to two-bedroom layouts, with 25 percent dedicated to affordable housing, as well as amenities and ground-floor retail space. The 7,500-square-foot property is located between West 215th and 216th Streets and was once a surface-level parking lot.

Transitional housing property owned by Fundamental Advisors, via fundamental.com

Slate Property Group Closes $210 Million Refinancing Package For Transitional And Affordable Housing Portfolio

7:00 am on August 25, 2024 By Max Gillespie

Slate Property Group and Fundamental Advisors have closed on a $210 million refinancing package for their joint venture’s transitional and affordable housing portfolio. The transaction, designated as a social bond, was made possible by Freddie Mac in a first-of-its-kind engagement to provide liquidity to social impact financial institutions that bring affordable housing to low-income communities and underserved populations.

Housing Lottery Launches for 14-09 31st Avenue in Astoria, Queens

6:30 am on August 25, 2024 By Vanessa Londono

The affordable housing lottery has launched for 14-09 31st Avenue, a five-story residential building in Astoria, Queens. Designed by Carusone & Cherres Architects and developed under the 1409 Astoria LLC, the structure yields seven 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 $87,429 to $181,740.

Permits Filed for 3728 Park Avenue in Claremont, The Bronx

6:30 am on August 24, 2024 By Vanessa Londono

Permits have been filed for an 18-story mixed-use building with affordable housing at 3728 Park Avenue in Claremont, The Bronx. Located at the intersection of Park Avenue and St. Pauls Place, the lot is closest to the 170th Street subway station, serviced by the B and D trains. New York City Housing Authority is listed as the owner behind the applications.

Rendering of 335 Eighth Avenue - Courtesy of MAG Partners, COOKFOX Architects

335 Eighth Avenue’s Brick Façade Begins Installation in Chelsea, Manhattan

8:00 am on August 22, 2024 By Michael Young and Matt Pruznick

Façade installation is steadily progressing on 335 Eighth Avenue, a seven-story residential building in Chelsea, Manhattan. Designed by COOKFOX Architects and developed by MAG Partners and Mutual Redevelopment Houses, Inc., the 200,000-square-foot structure will yield 188 rental units in studio to two-bedroom layouts, a 23,000-square-foot Lidl supermarket, and additional ground-floor retail space. Thirty percent of the homes will be reserved for affordable housing. Urban Atelier Group is the general contractor for the ground-up property, which is located at the corner of Eighth Avenue and West 26th Street within the Penn South affordable housing cooperative, officially known as Mutual Redevelopment Houses.

Housing Lottery Launches for 285 East 163rd Street in Concourse Village, The Bronx

6:30 am on August 21, 2024 By Vanessa Londono

The affordable housing lottery has launched for 285 East 163rd Street, a six-story residential building in Concourse Village, The Bronx. Designed by Anthony Cucich Architect and developed by Genci Popaj under the 285E163RDNY LLC, the structure yields 36 residences. Available on NYC Housing Connect are 35 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $103,200 to $218,010.

280 8th Avenue Approaches Topping Out in Chelsea, Manhattan

7:30 am on August 18, 2024 By Michael Young

Construction is on the verge of topping out at 280 Eighth Avenue, a 13-story mixed-use residential building in Chelsea, Manhattan. Designed by SLCE Architects and developed by Red Apple Group under the RA 280 Development LLC, the 172-foot-tall structure will span 95,561 square feet and yield 104 rental units with an average scope of 650 square feet, of which 28 as designated as affordable housing, as well as 6,083 square feet of retail space, 511 square feet of community facility space, a cellar level, and a 24-foot-long rear yard. The ground-up property is situated at the corner of Eighth Avenue and West 24th Street and was once the site of a one-story commercial structure for Rite-Aid.

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Affordable housing

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