The affordable housing lottery has launched for 495 St. Johns Place, a seven-story residential building in Crown Heights, Brooklyn. The 23,059-square-foot development was developed by Candor Capital and yields 26 units. Available on NYC Housing Connect are four units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $59,795 to $167,570.
The affordable housing lottery has launched for 2494 Amsterdam Avenue, a four-story residential building in Washington Heights, Manhattan. The 51,610-square-foot development was designed by Eyal Levitt Architect and yields 15 units. Available on NYC Housing Connect are three units for residents at 60 percent of the area median income (AMI), ranging in eligible income from $27,600 to $64,440.
The affordable housing lottery has launched for 2724 Heath Avenue, a seven-story residential building in University Heights, The Bronx. The 51,610-square-foot development was designed by Marin Architects and developed by Stagg Group, and yields 64 units. Available on NYC Housing Connect are 28 units for residents at 120 percent of the area median income (AMI), ranging in eligible income from $56,572 to $154,680.
A recent acquisition of an affordable senior community at 1313 Baltic Avenue in Atlantic City, New Jersey will preserve its affordability for 30 years. Standard Communities, the affordable housing division of Standard Companies, acquired Baltic Plaza Apartments for approximately $38 million.
This week, Sydney House debuted as Habitat for Humanity‘s largest completed housing project worldwide. Designed by Union Street Studios, the seven-story building is located at 839-843 Tilden Street in The Bronx and is the first project to be completed as part of New York City’s “Open Door” affordable homeownership program.
