Affordable housing

Rendering of the new Boulevard Houses - Phiro A/S

Developers Close on $600M Financial Package to Complete Renovations for 1,673 NYCHA Apartments in East New York, Brooklyn

7:00 am on January 4, 2022 By Sebastian Morris

A consortium of private developers recently closed on a $600 million loan to complete renovations and infrastructure upgrades across a 1,673-unit NYCHA public housing portfolio. Boulevard Together Developer LLC, a joint venture with The Hudson Companies, Property Resources Corporation, and Duvernay + Brooks, is undertaking the refurbishment of a total of 29 buildings in East New York.

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Rendering of The Norma - Courtesy of Leong Leong

Renderings Reveal ‘The Norma’ 100-Percent Affordable Condominium Property in Bed-Stuy, Brooklyn

7:00 am on January 3, 2022 By Sebastian Morris

The New York City Department of Housing Preservation and Development (HPD) has released the first images of The Norma, a 100-percent affordable condominium property in Bedford-Stuyvesant, Brooklyn. Designed by Leong Leong, the 11-story building will contain 44 condominiums and a ground-floor urgent care facility operated by the Brownsville Multi Service Wellness and Health Center.

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Housing Lottery Launches for 825 Dekalb Avenue in Bed-Stuy, Brooklyn

6:30 am on January 2, 2022 By Vanessa Londono

The affordable housing lottery has launched for 825 Dekalb Avenue, a seven-story mixed-use building in Bedford-Stuyvesant, Brooklyn. Designed by ARC Architecture + Design Studio and developed by Tomer Erlich, the structure yields 39 residences, 7,860 square feet of commercial space, and 20 open parking spaces. Available on NYC Housing Connect are 12 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $72,000 to $139,620.

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Rendering of 250 Water Street - The Howard Hughes Corporation; SOM

Howard Hughes Corporation Awarded Final Approvals to Construct 250 Water Street in South Street Seaport, Manhattan

7:30 am on December 31, 2021 By Sebastian Morris

The Howard Hughes Corporation has received necessary approvals to construct a new 26-story mixed use development at 250 Water Street in South Street Seaport, Manhattan. Designed by Skidmore, Owings & Merrill (SOM), the tower will comprise a mix of market-rate and affordable rental apartments, an office component, retail space, and community facilities.

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