Affordable housing

Rendering of The Estela. Designed by S9 Architecture

Financing Closes for Estela at 414 and 445 Gerard Avenue in Mott Haven, The Bronx

6:30 am on January 17, 2025 By Vanessa Londono

Developer The Domain Companies announced today the closing of $218.6 million in financing for Estela, a two-building development in Mott Haven, The Bronx. The 11-story buildings at 414 and 445 Gerard Avenue yield 544 market-rate and affordable housing units and 10,000 square feet of ground-floor retail space. Freddie Mac’s Forward Commitment program provided long-term permanent financing through JLL Real Estate Capital. The Urban Investment Group at Goldman Sachs Alternatives led the Opportunity Zone equity financing for the mixed-income, mixed-use project.

Union Channel Nears Completion At 240 Third Avenue in Gowanus, Brooklyn

8:00 am on January 16, 2025 By Michael Young and Matt Pruznick

Construction is wrapping up on Union Channel, a nine-story residential building at 240 Third Avenue in Gowanus, Brooklyn. Designed by Fogarty Finger and developed by Tavros Capital and Charney Companies, the 95-foot-tall structure will span 210,000 square feet and yield 224 rental units in studio to three-bedroom layouts, along with 8,900 square feet of ground-floor commercial space. Twenty-five percent of the apartments will be designated for affordable housing. The property is alternately addressed as 585 Union Street and bound by Sackett Street to the north, Union Street to the south, and 3rd Avenue to the east.

Housing Lottery Launches for 2017 Grand Concourse in Tremont, The Bronx

7:00 am on January 16, 2025 By Vanessa Londono

The affordable housing lottery has launched for 2017 Grand Concourse, a nine-story residential building in Read More

Rendering of 655 Union Street. Credit: Gustavo Coutinho from The Couthouse

Construction Wraps Up on 655 Union Street in Gowanus, Brooklyn

8:00 am on January 15, 2025 By Michael Young

Work is wrapping up on 655 Union Street, a 13-story residential building in Gowanus, Brooklyn. Designed by L+Z Architecture and developed by Avery Hall and Gindi Capital, the 200,000-square-foot structure will yield 193 rental units in one- to two-bedroom layouts, as well as 14,000 square feet of ground-floor retail space. Fifty of the units will be designated for affordable housing. The half-acre property is alternately addressed as 204 4th Avenue and bound by Sackett Street to the north and Raul Vasquez Jr. Place to the south.

Construction Begins on 2868 Webster Avenue in Bedford Park, The Bronx

7:00 am on January 15, 2025 By Vanessa Londono

Work has begun on 2868 Webster Avenue in Bedford Park, The Bronx, the second phase of a two-phase mixed-use development. The 12-story, 250,000-square-foot building will sit adjacent to the New York Botanical Gardens. Developed by Douglaston Development in collaboration with the Jericho Project, components include 277 affordable housing units, 8,000 square feet of ground-floor retail space, on-site social services, and residential amenities.

New Rendering Revealed For 366 Bond Street in Gowanus, Brooklyn

7:30 am on January 14, 2025 By Michael Young and Matt Pruznick

A new rendering has been revealed for 366 Bond Street, a proposed eight-story affordable housing complex for senior citizens in Gowanus, Brooklyn. Designed by Shakespeare Gordon Studio, the structure is planned to yield 121 low-income homes along with a 25,586-square-foot community facility on the ground floor. The roughly 42,000-square-foot property is bound by Carroll Street to the north, 1st Street to the south, and Bond Street to the east.

Photograph of 351-357 West 45th Street. Credit: Kevin Zhao/Highpoint

Services For The Underserved Renovating Four Tenement Buildings In Hell’s Kitchen, Manhattan

7:00 am on January 13, 2025 By Max Gillespie

Services for the Underserved (S:US) is in the process of renovating four neglected tenement buildings at 351-357 West 45th Street in Hell’s Kitchen, Manhattan. The organization purchased the properties in June for $20 million following years of tenant protests and legal action due to dangerous living conditions, and is refurbishing them for affordable housing. The buildings are located between Eighth and Ninth Avenues.

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

335 Eighth Avenue’s Brick Façade Nears Completion in Chelsea, Manhattan

8:00 am on January 10, 2025 By Michael Young and Matt Pruznick

Exterior work is nearing completion 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, as well as a 23,000-square-foot Lidl supermarket and additional ground-floor retail space. Thirty percent of the homes will be reserved for affordable housing. The property 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.

Photograph of Mayor Eric Adams, via nyc.gov

Adams Administration Celebrates Achievement of ’24 in 24′ Affordable Housing Initiative

7:30 am on January 10, 2025 By Max Gillespie

Mayor Eric Adams recently announced the achievement of his office’s “24 in 24” plan, a commitment to advance 24 affordable housing projects on public sites within 2024. In total, the city advanced 26 projects across all five boroughs, creating, or preserving over 13,000 affordable housing units. The initiative was created to address New York’s ongoing housing crisis, marked by a 1.4 percent rental vacancy rate.

Housing Lottery Launches for 2123 Glebe Avenue in Westchester Square, The Bronx

7:00 am on January 10, 2025 By Vanessa Londono

The affordable housing lottery has launched for 2123 Glebe Avenue, a 13-story mixed-use building in Westchester Square, The Bronx. Designed by S. Wieder Architect and developed by Moses Freund of The Vaja Group, the structure yields 111 residences. Available on NYC Housing Connect are 50 units for residents at 125 percent of the area median income (AMI), ranging in eligible income from $112,698 to $209,625.

Pages: 123456789101112131415161718192021222324252627282930313233343536373839404142434445464748495051525354555657585960616263646566676869707172737475767778798081828384858687888990919293949596979899100101102103104105106107108109110111112113114115116117118119120121122123124125126127128129130131132133134135136137138139140141142143144145146147148149150151152153154155156157158159160161162163164165166167168169170171172173174175176177178179180181182183184185186187188189190191192193194195196197198199200201202203204205206207208209210211212213214215216217218219220221222223224225226227228229230231232233234235236237238239240241242243244245246247248249250251252253254255256257258259260261262263264265266267268269270271272273274275276277278279280281282283284285286287288289290291292293294295296297298299300301302303304305306307308309310311312313314315316317318319320321322323324325326327328329330331332333334335336337338339340341342343344345346347348349350351352353354355356357358359360361362363364365366367368369370371372373374375376377378379380381382383384385386387388389390391392393394395396397398399400401402403404405406407408409410411412413414415416417418419420421422423424425426427428429430431432433434435436437438439440441442443444445446447448449450451452453454455456457458459460461462463464465466467468469470471472473474475476

Fetching more...

Affordable housing

What’s happening in your backyard?