Affordable housing

Housing Lottery Launches for Cyrus Place at 4697 3rd Avenue in Fordham, The Bronx

7:00 am on January 13, 2022 By Vanessa Londono

The affordable housing lottery has launched for Cyrus Place Apartments, an eight-story mixed-use building at 4697 3rd Avenue in Fordham, The Bronx. Designed by Curtis + Ginsberg Architects and developed by Bronx Pro Group, the structure yields 53 residences and ground-floor commercial space. Available on NYC Housing Connect are 44 units for residents at 30 to 80 percent of the area median income (AMI), ranging in eligible income from $16,560 to $118,400.

Rednering of River Commons (Site A) - Photo courtesy of Bernheimer Architecture

HPD Reveals River Commons Affordable Housing Property in Concourse, The Bronx

7:30 am on January 12, 2022 By Sebastian Morris

The New York City Department of Housing Preservation and Development (HPD) has revealed the first of two new affordable housing properties in the southwest corner of The Bronx. Located in Concourse near the intersection of River Avenue and East 168th Street, Site A will eventually debut as River Commons and will comprise 278 affordable apartments.

Housing Lottery Launches for 258 Brooklyn Crossing Units at 18 Sixth Avenue in Prospect Heights, Brooklyn

7:00 am on January 12, 2022 By Vanessa Londono

The affordable housing lottery has launched for Brooklyn Crossing, a 51-story residential building at 18 Sixth Avenue in Prospect Heights, Brooklyn. Designed by Perkins Eastman, and developed by The Brodsky Organization, the structure yields 858 residences. Available on NYC Housing Connect are 258 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $65,315 to $167,570.

Rendering of 2080 Boston Road at Lambert Houses - Courtesy of Dattner Architects

Phipps Houses Receives $188M Financial Package to Continue Construction at Lambert Houses in The Bronx

7:00 am on January 11, 2022 By Sebastian Morris

Phipps Houses has successfully closed on a $188 million financial package to complete the second phase of renovations at Lambert Houses. Located in the West Farms section of The Bronx, the affordable housing complex spans 12 acres of land near the Bronx Zoo.

Rendering of 240 Willoughby Street - Courtesy of Rabsky Group

Rabsky Group Secures $72M Financial Package to Construct 240 Willoughby Street in Fort Greene, Brooklyn

7:00 am on January 10, 2022 By Sebastian Morris

The Rabsky Group recently closed on a $72 million construction loan to complete a new high-rise residential building at 240 Willoughby Street in Fort Greene, Brooklyn. Provided by SCALE Lending, the construction loan will also fund the renovation of an existing 21-story, 189-unit multifamily development within the same complex.

Rendering of Rockaway Village Phase Four - Marvel Architects

Phipps Houses Closes on $116M Package to Complete Rockaway Village Affordable Housing Development in Far Rockaway, Queens

7:00 am on January 9, 2022 By Sebastian Morris

Phipps Houses has closed on $116 million in financing to complete the fourth phase of Rockaway Village, a mixed-use affordable housing project in Far Rockaway, Queens. The ongoing development is slowly replacing an abandoned shopping center and will comprise 1,700 units of affordable housing, 120,000 square feet of commercial and community facility space, and 590 parking spaces.

1841 Broadway Reaches Street Level on Manhattan’s Upper West Side

8:00 am on January 8, 2022 By Michael Young

Construction has reached street level on 1841 Broadway, a 25-story, 281-foot-tall residential building on Manhattan’s Upper West Side. Designed by INC Architecture & Design and developed by Global Holdings Management Group, the 180,813-square-foot edifice will yield 173 market-rate and affordable housing units as well as 11,741 square feet of retail space on the first two levels. Pavarini McGovern, LLC is the general contractor and DeSimone Consulting Engineers is the façade consultant for the project, which is located at the corner of Broadway and West 60th Street, just north of Columbus Circle and the southwestern corner of Central Park.

Developers Announce $85M Acquisition of Lexington Court Affordable Housing Complex in East Harlem

7:30 am on January 8, 2022 By Sebastian Morris

LIHC Investment Group, Camber Property Group and Settlement Housing Fund have completed an $85 million acquisition of Lexington Court in East Harlem. The nine-building complex comprises 229 affordable apartments primarily along East 118th and East 119th Streets surrounding Park, Lexington, and Third Avenues.

Rendering of 35-01 Vernon Boulevard; perspective from 9th Street - GKA Design Studio

Renderings Revealed for 35-01 Vernon Boulevard in Long Island City, Queens

7:30 am on January 7, 2022 By Sebastian Morris

Renderings from GKA Design Group reveal a nine-story mixed-use property at 35-01 Vernon Boulevard Long Island City, Queens. The developer, Agayev Holding, is now pursuing zoning text amendments to permit construction for the nine-story building, which is located in an area currently zoned for three- to four-story multifamily buildings.

Rendering of the Sendero Verde complex in East Harlem

Housing Lottery Launches for Sendero Verde Phase I in East Harlem, Manhattan

7:00 am on January 7, 2022 By Vanessa Londono

The affordable housing lottery has launched for Sendero Verde Phase I, a 15-story building at 60 East 112th Street and a ten-story building at 75 East 111th Street in East Harlem, Manhattan. Designed by Handel Architects and developed by L+M Development Partners, Jonathan Rose Companies, and Acacia Network, the Sendero Verde complex will yield nearly 700 residences when all phases are complete, along with numerous outdoor green spaces and community facility space for social services. Available on NYC Housing Connect are 324 units for residents at 30 to 110 percent of the area median income (AMI), ranging in eligible income from $15,806 to $162,800.

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Affordable housing

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