Affordable housing

Affordable Housing Lottery Round-Up: Closings Imminent for Seven Buildings in The Bronx, Brooklyn, and Manhattan

Today’s housing lottery round-up features seven buildings in Manhattan, Brooklyn, and The Bronx with affordable units on Housing Connect with deadlines closing within the next seven days. Unfortunately, an update to the Housing Connect website this week has apparently left the system rather glitchy, as it now lists incorrect numbers of units remaining, and the photos and renderings have similarly become defunct, all in the midst of New York City’s worst housing crisis since the 1930s.

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1893 Crotona Avenue in Tremont, The Bronx

Housing Lottery Launches for 1893 Crotona Avenue in Tremont, The Bronx

The affordable housing lottery is open for 1893 Crotona Avenue, an eight-story residential development in The Bronx’s Tremont neighborhood. Designed by Badaly Architects, the 21,520-square-foot building will yield 29 units. Available on NYC Housing Connect are nine units for residents at 130 percent of the area median income, ranging in eligible income from $41,143 to $159,640.

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Rendering of the River North Development, Development Site 2 sold by Compass shown far right' - FXCollaborative

Compass Announces Sale of Major Mixed Use Development Site in St. George, in Staten Island

YIMBY has word that The Joe Tirone Team, an affiliated brokerage group under the Compass umbrella, completed the sale of three adjoining lots that were identified as “Projected Development Site 2” in a proposal to City Planning by Madison Realty Capital late last year. That parcel was envisioned to give rise to a 117,848-square-foot, mixed use building. Madison owns, and will develop, “Projected Development Site 1” in their River North proposal, a multi-faceted mixed-use complex under city review that was formerly known as Liberty Towers, in Staten Island‘s St. George neighborhood.

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