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Affordable housing

Housing Lottery Launches for 388 Vernon Avenue in Bed-Stuy, Brooklyn

The affordable housing lottery has launched for 388 Vernon Avenue, a five-story residential building in Bedford Stuyvesant, The Bronx. Designed by Issac & Stern Architects and developed by Farhad Bokhour, the structure yields 27 residences. Available on NYC Housing Connect are three units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $104,572 to $181,740.

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Photograph from opening of 126 West 126th Street, courtesy of the New York Foundling & Harlem Supportive Housing

Supportive Housing Complex Completes Construction at 126 West 126th Street In Harlem, Manhattan

The New York Foundling has completed construction on 126 West 126th Street, a 17-story residential tower in Harlem, Manhattan that plans to serve as a new model for helping youth transitioning out of foster care and the shelter system. The project was developed in collaboration between BRP Companies, L+M Development Partners, Taconic Partners, and The Prusik Group. Financing came from New York State, Goldman Sachs, Santander Bank, and Redstone Equity Partners.
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14+C Reaches Street Level at 644 East 14th Street in Manhattan’s East Village

Construction has reached street level on 14+C, a 24-story residential building at 644 East 14th Street in the Alphabet City section of Manhattan’s East Village. Designed by Fischer + Makooi Architects and developed by Madison Realty Capital, the 200,000-square-foot structure will yield 196 rental units in studio to two-bedroom layouts, with an undisclosed portion reserved for affordable housing, as well as ground-floor retail space. The property is located at the corner of East 14th Street and Avenue C.

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Housing Lottery Launches for 2411 64th Street in Bensonhurst, Brooklyn

The affordable housing lottery has launched for 2411 64th Street, a four-story mixed-use building in Bensonhurst, Brooklyn. Designed by HPL Engineering and developed by Jun Ming Wu under the 2317 Mazal W12 LLC, the structure yields 10 residences. Available on NYC Housing Connect are three units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $75,943 to $218,010.

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