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Affordable housing

Housing Lottery Launches for 1024 Manhattan Avenue in Greenpoint, Brooklyn

The affordable housing lottery has launched for 1024 Manhattan Avenue, a seven-story mixed-use building in Greenpoint, Brooklyn. Designed by Kutnicki Bernstein Architects, the structure yields 30 residences. Available on NYC Housing Connect are ten units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $92,572 to $218,010.

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Riseboro Closes on $412.4 Million Financing for Alafia Phase II in East New York, Brooklyn

RiseBoro Community Partnership recently secured $412.4 million in financing for the second phase of Alafia, a mixed-use development with a focus on wellness services in East New York, Brooklyn. To be built in collaboration with L+M Development Partners LLC and Apex Building Group as co-developers, the second phase will bring 634 affordable and supportive units within two 14-story buildings as well as infrastructure improvements, parking, and 22,000 square feet of retail and community facilities.

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