The affordable housing lottery has launched for 2015 Vyse Avenue, a seven-story residential building in West Farms, The Bronx. Designed by Gino Longo, the structure yields 26 residences near Vidalia Park. Available on NYC Housing Connect are nine units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $46,286 to $167,570.
Permits have been filed for a nine-story mixed-use building at 207 Seventh Avenue in Chelsea, Manhattan. Also addressed as 170 West 22nd Street, the lot is at the southeast corner of West 22nd Street and Seventh Avenue. One block north is the 23rd Street subway station, serviced by the 1 train. New York City Department of Housing Preservation and Development is listed as the owner behind the applications.
Yesterday afternoon Governor Kathy Hochul revealed numerous new renderings of what the outdated 53-year-old Penn Station and the surrounding Midtown, Manhattan district could soon become. Despite being slightly downsized by 7 percent from former Governor Cuomo’s ten-building master plan, the new proposal still encompasses an incredible 18.3 million square feet of construction and redevelopment. Vornado Realty Trust is the developer of the master plan, which is expected to take four to five years to complete and cost between $6-7 billion.
Fairstead and LIHC are working in partnership to complete major upgrades and facility improvements across 13 affordable housing buildings in Newark, New Jersey. Referred to as the Essex Plaza portfolio, the collection of buildings comprises 691 affordable apartments, many of which are reserved for senior households.
The affordable housing lottery has launched for 2955 Brighton 5th Street, a six-story residential building in Brighton Beach, Brooklyn. Designed by Zarina Kindo’s Brooklyn-based Arcon Studio, the structure yields 15,795 square feet with 20 residences. Available on NYC Housing Connect are six units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $63,429 to $167,570.
