Affordable housing

Rendering of Bronx Point - S9 Architecture

Developers Secure $349M for Bronx Point Affordable Housing Complex, in the South Bronx

7:30 am on December 31, 2020 By Sebastian Morris

L+M Development Partners, Type A Projects, BronxWorks, and the City of New York have closed on $349 million financing package to complete phase one of Bronx Point, a new mixed-use affordable housing complex in the South Bronx. As a public-private partnership, the financing entities include the New York City Department of Housing Preservation and Development, the New York City Housing Development Corporation, Empire State Development, Wells Fargo, and additional private funding sources.

Williamsbridge Gardens. Courtesy of MHG Architects

Affordable Housing Complex Williamsbridge Gardens Breaks Ground in Williamsbridge, The Bronx

7:00 am on December 29, 2020 By Vanessa Londono

Construction began last week on Williamsbridge Gardens, a two-building affordable housing development in the Williamsbridge neighborhood of The Bronx. Developed by B&B Urban and L+M Development Partners and designed by MHG Architects, the pair of eight-story buildings located at 722 East 212th Street and 711 East 211th Street will bring 170 units of affordable housing to low- and moderate-income families.

Housing Lottery Launches for The Grand Apartments in South Bronx

7:00 am on December 28, 2020 By Vanessa Londono

The affordable housing lottery is open for The Grand Apartments, 94 newly built units across three buildings in the South Bronx‘s Mount Hope and Fordham neighborhoods. All three 12-story properties are developed by Thorobird Companies and designed by GF55 Partners. 220 East 178th Street yields 43,291 square feet with 52 residential units and ground-floor community facility space. 225 East 179th Street comprises 33,602 square feet with 37 residential units, and 2195 Morris Avenue has 52,005 square feet with 49 residential units. Available on NYC Housing Connect are a mix of studios and one-, two-, and three-bedroom units for residents at 30 to 80 percent of the area median income, ranging in eligible income from $0 to $112,800.

3188 Villa Avenue in Bedford Park, Bronx

Doe Fund Brings 68 Affordable Housing Units to 3188 Villa Avenue in Bedford Park, The Bronx

6:30 am on December 27, 2020 By Vanessa Londono

Villa House, a ten-story affordable housing building by The Doe Fund, has received its Temporary Certificate of Occupancy. Located at 3188 Villa Avenue in Bedford Park, The Bronx, the development will yield 68 units of affordable and supportive housing. Additional partners in the development process include the Department of Housing Preservation and Development, NYC Housing Authority, the Corporation for Supportive Housing, and NYC Human Resources Administration.

Housing Lottery Launches for 2633 Ocean Avenue in Sheepshead Bay, Brooklyn

7:00 am on December 25, 2020 By Vanessa Londono

The affordable housing lottery is open for 2633 Ocean Avenue Apartments, an eight-story mixed-use development at 2633 Ocean Avenue in Sheepshead Bay, Brooklyn. The 53,304-square-foot corner building is designed by Zproekt Architects and developed by Michael Lilikakis, and will yield a total 60 units in a mix of studios and one- and two-bedroom units. Available on NYC Housing Connect are 18 apartments for residents at 130 percent of the area median income, ranging in eligible income from $56,572 to $159,640.

Westchester IDA Approves Renovations on Affordable Housing Development in Tuckahoe, NY

7:30 am on December 23, 2020 By Sebastian Morris

A major capital improvement project at Marble Hall Apartments in Tuckahoe, New York, may soon begin following preliminary approvals from Westchester County’s Industrial Development Agency. Constructed in 1974, the 10-story building at 100 Columbus Avenue contains 134 income-restricted units and exhibits signs of an aging property.

Stapleton Site A on Staten Island's North Shore

Affordable Housing Coming to North Shore of Staten Island

7:00 am on December 23, 2020 By Vanessa Londono

The city’s Department of Housing Preservation and Development has released a request for affordable housing proposals for the north shore of Staten Island. The RFP would use 108,000 square feet of land owned by the city for a mixed-use development with 100 percent affordable housing and community amenities and services.

Mixed-Use Balton Commons Brings Affordable Housing to 267 West 126th Street in Harlem

6:30 am on December 22, 2020 By Vanessa Londono

Last week, private equity real estate fund manager Red Stone Equity Partners celebrated the closing of financing for Balton Commons, a $19-million mixed-use development currently under construction at 267 West 126th Street in Harlem, Manhattan. Developed in partnership with Lemor Development Group and Apex Building Group, the seven-story building will have 4,500 square feet of tech incubator space managed by non-profit Silicon Harlem, 1,200 square feet of ground-floor commercial space, 1,350 square feet of community facility space, and 37 residential units dedicated to mixed-income affordable housing for residents between 30 and 90 percent of the area median income.

Construction Imminent on Melrose North, an Affordable Housing Development in Morrisania

6:30 am on December 21, 2020 By Vanessa Londono

Construction is expected to begin in January on Melrose North, a residential development that will bring 171 units of supportive and affordable housing to 925 Courtlandt Avenue in South Bronx’s Morrisania neighborhood. In a partnership between developer Bronx Pro Group and the New York City Housing Authority (NYCHA), the $92 million project will be built on a vacant NYCHA waste facility site.

HPD Awards $13.6 Million in Tax Credits for 583 Affordable Housing Units

7:00 am on December 19, 2020 By Vanessa Londono

This week the city’s Department of Housing Preservation and Development (HPD) announced $13.6 million in housing tax credits was awarded to seven developments. These projects will be responsible for creating and preserving 583 affordable units throughout the city.

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Affordable housing

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