Affordable housing

Photograph from 'City of Yes' affordable housing announcement, via nyc.gov

Mayor Adams Announces Proposal To Lift Floor-To-Area Ratio For New Developments

7:00 am on April 7, 2024 By Max Gillespie

Mayor Eric Adams has announced a new initiative within the “City of Yes for Housing Opportunity” proposal that seeks to generate tens of thousands of affordable homes in New York City. The new initiative is targeting areas previously out of reach for many working-class New Yorkers due to an outdated floor-to-area-ratio cap, which historically has restricted the construction of new homes in high-demand zones. The proposal is seeking to lift the floor-to-area-ratio cap in these areas, such as in Midtown, Manhattan.

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Renderings Revealed for Gowanus Green Affordable Housing Complex in Gowanus, Brooklyn

8:00 am on April 6, 2024 By Michael Young and Matt Pruznick

New renderings have been revealed for Gowanus Green, a six-building mixed-use complex in Gowanus, Brooklyn. Designed by Marvel Architects and developed by The Hudson Companies, Jonathan Rose Companies, The Bluestone Organization, and Fifth Avenue Committee, the four-acre master plan will yield 990,000 square feet across six buildings with 950 affordable homes, retail and community space, an 80,000-square-foot public grade school, and a new waterfront esplanade. SCAPE is the landscape architect for the project, which is bound by 5th Street to the northeast, Smith Street to the northwest, the Gowanus Canal to the southeast, and a vacant plot at 459 Smith Street to the southwest.

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Rendering of 1601 DeKalb Avenue, by Aufgang Architects

1601 DeKalb Avenue Breaks Ground In Bushwick, Brooklyn

7:30 am on April 6, 2024 By Max Gillespie

Camber Property Group and RiseBoro Community Partnership recently announced the groundbreaking for 1601 DeKalb Avenue, a $75 million affordable housing project in Bushwick, Brooklyn. When construction completes in December 2025, the development plans to boast 127 affordable housing units, 45 of which will be specifically aimed at providing stable housing and supportive services to young families.

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Affordable Housing Lottery Launches for 1010 Bedford Avenue in Bed-Stuy, Brooklyn

7:00 am on April 6, 2024 By Vanessa Londono

The affordable housing lottery has launched for 1010 Bedford Avenue & 263 Skillman Street, a seven-story residential building in Bedford Stuyvesant, Brooklyn. Developed by Loketch Group, the structure yields 36 residences. Available on NYC Housing Connect are seven units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $119,486 to $227,630.

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Housing Lottery Launches for 50 Varet Street in East Williamsburg, Brooklyn

7:00 am on April 5, 2024 By Vanessa Londono

The affordable housing lottery has launched for 50 Varet Street, a seven-story mixed-use building in East Williamsburg, Brooklyn. Designed by Meshberg Group and developed by 45 Graham Ave LLC, the structure yields 35 residences. Available on NYC Housing Connect are 11 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $68,400 to $198,250.

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