The Real Deal New York

Posts Tagged ‘affordable housing’

  • Rendering of Gateway Elton Phase III in East New York, courtesy of Dattner Architects

    Rendering of Gateway Elton Phase III in East New York, courtesy of Dattner Architects

    The Hudson Companies and civic architecture firm Dattner released images of the final-phase, 287-unit component of their affordable housing project in the Spring Creek section of East New York, Brooklyn. [more]

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  • parking

    From left: A “9 x 18″ proposal, Nathan Rich, Miriam Peterson and Sagi Golan (via Total Reset)

    Three architecture fellows at the Institute for Public Architecture have proposed a project that would leverage 9-by-18-foot parking spaces instituted by old zoning regulations in an effort to create affordable housing. The standard unit size of affordable housing and parking spaces have nearly the same dimensions.  [more]

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  • 40 Riverside Drive, home to Extell's controversial "poor door" entrance

    40 Riverside Drive, home to Extell’s controversial “poor door”

    New York City’s “poor door” phenomenon has proven unpopular, but could be eliminated for good should Mayor Bill de Blasio implement an alternative strategy would eliminate it, Hanlen Real Estate Development & Funding managing member Leonard Grunstein wrote in a Sunday op-ed for Crain’s.

    Offering up more affordably-priced units is, Grunstein argued, not the answer to Gotham’s housing woes. Instead, he suggested the city attack the underlying problem of rents being out of reach for many families by issuing vouchers that lower-income tenants could use at apartments throughout the city. [more]

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  • Gotham West in Hell's Kitchen

    Gotham West in Hell’s Kitchen

    It’s getting harder and harder to find middle-income earners in super-pricey Manhattan. The result: a number of “affordable” middle-income apartments in Hell’s Kitchen are sitting empty, as developers struggle to find residents who fit the income criteria. [more]

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  • Mayor Bill de Blasio and  Carl Weisbrod

    Mayor Bill de Blasio and Carl Weisbrod

    The de Blasio administration has issued its most forceful stance yet on affordable housing, declaring that affordable units will be a requirement for any future real estate project requiring a zoning change. The mandate will apply to both neighborhood-wide redevelopments and individual projects, according to the New York Times. [more]

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  • 2085-walton

    2085 Walton Avenue in the Bronx

    The city has allotted nearly $23 million to renovate three affordable housing properties in the Bronx.

    The buildings are known as the Mount Sharon HDFC — one of them at 2085 Walton Avenue — and are located in the Kingsbridge and Fordham neighborhoods. Two of them will be outfitted with new windows, plumbing and electrical systems. The renovations are set to be complete by 2016. [more]

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  • From left: Jolie Milstein and Gary Labarbera

    From left: Jolie Milstein and Gary Labarbera

    In a letter to union leaders, affordable housing developers proposed opening discussions on a plan that would see some organized construction workers accept lower wages for work on below-market rate housing.

    The correspondence moves forward the possibility that developers will use more union labor on the construction of affordable units. The Building and Construction Trades Council of Greater New York announced the proposal last month. [more]

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  • Work at Hudson Yards, where Related hired a nonunion contractor to oversee construction

    Work at Hudson Yards, where Related hired a nonunion contractor to oversee construction

    A decade ago, the Building and Construction Trades Councils did not have a lot of interest in working on New York City affordable housing projects. Developers found little reason to pay higher union wages to construct housing units at below-market prices, and the unions were likewise more keen on higher-paying luxury residential projects and commercial high-rises.

    But now, as the building trades have suffered a loss of membership, lost market share and seen their influence in the construction sector wane, union interest in the affordable sector is growing. And the de Blasio administration is pushing for their involvement. [more]

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  • (Credit: DNAinfo/Nigel Chiwaya)

    Around 4,000 new units of affordable housing are slated to come available in New York City as part of a $350 million fund geared toward rehabbing apartment buildings throughout the state. And of the 500 apartments spread among 27 buildings that are the first to be renovated, the majority are concentrated in Brooklyn and the Bronx. [more]

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  • 1133 Manhattan Avenue in Greenpoint

    1133 Manhattan Avenue in Greenpoint

    You might have a better chance winning the lottery. [more]

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  • From left: Bill de Blasio and Gary Lbarbera

    From left: Bill de Blasio and Gary Labarbera

    New York City construction unions have struck an agreement with housing advocates to support a plan that would see some hardhats paid significantly less for working on affordable housing projects.

    The move puts pressure on Mayor Bill de Blasio to require developers to hire organized labor as the city moves toward its goal of building 80,000 affordable units over the next decade. Policy makers, developers and housing advocates have traditionally aligned against unions because lower labor costs tend to yield more units. [more]

    3 Comments
  • Mayor Bill de Blasio

    Mayor Bill de Blasio

    The city is looking for firms that can help determine which neighborhoods would qualify for mandatory inclusionary zoning and where it would encourage more development.

    The Housing Development Corp. is widening its search and extending the deadline to August 28 for firms who can help with this. Mandatory inclusionary zoning — a policy that would require affordable units as part of new high-rises in areas that have been rezoned for taller buildings – is a major part of Mayor Bill de Blasio’s plan to build and preserve affordable housing over the coming 10 years. [more]

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  • From left: Steven Spinola and Margaret Chin

    From left: Steven Spinola and Margaret Chin

    The Real Estate Board of New York has flagged nine pieces of legislation introduced by the City Council that the industry group claims are counterproductive to Mayor Bill de Blasio’s much-publicized affordable housing plan.

    Among the nine pieces of legislation are proposals to limit after-hours construction, prohibit owners of buildings with multiple violations from receiving permits and requiring all hotel development plans – even those that are as of right – to go before the local community board for review. [more]

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  • Brooklyn Borough President Eric Adams

    Brooklyn Borough President Eric Adams

    Unused development rights for a juvenile court facility in Brownsville may yield more than 100 units of affordable housing elsewhere in the neighborhood, should Borough President Eric Adams get his way.

    The mayor’s Office of the Criminal Justice Coordinator and the Department of Citywide Services approved an application to situate the Brownsville Community Justice Center in a city-operated building in April. But following the local community board approval in June, Adams noticed that 133,000 square feet of unused development rights were attached to the property — enough to build at least 130 affordable apartments. [more]

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  • From left: Joseph Conley and Sunnyside

    From left: Joseph Conley and Sunnyside, Queens

    Queens leaders are angling for Mayor Bill de Blasio to include several of the borough’s neighborhoods in the administration’s plan to build and preserve 200,000 affordable housing units, saying that rent in places such as Long Island City, Sunnyside and Woodside has become too expensive. [more]

    2 Comments
  • bloomberg-glen

    Michael Bloomberg and Alicia Glen

    The Bill de Blasio administration claims that, in the first six months of this year, 8,700 units of affordable housing received financing. The previous administration, however, had already counted those apartments as the last installment payment affiliated with the 2005 plan to construct 165,000 affordable-housing units in the city, according to Crain’s.

    Then-Mayor Michael Bloomberg vowed he would meet the goal by June 30, the end of the 2014 fiscal year. [more]

    3 Comments
  • 66 Rockwell Place

    66 Rockwell Place in Brooklyn

    The developer of a residential highrise in Brooklyn is running into a problem few expected: It cannot find enough tenants for affordable units. [more]

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  • From left: Scott Stringer and Bill de Blasio

    From left: Scott Stringer and Bill de Blasio

    Mayor Bill de Blasio and Comptroller Scott Stringer will establish a $350 million fund to support affordable housing.

    The proposal is seen as a step forward in the mayor’s plan to create and preserve 200,000 affordable units over the coming decade. [more]

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  • From left: Bill de Blasio and Franklin Avenue in East New York

    From left: Bill de Blasio and Franklin Avenue in East New York

    Mayor Bill de Blasio’s plan to transform East New York — and thus establish a “template” for his administration’s affordable housing plan — could face some challenges. [more]

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  • Homes in East New York

    Homes in East New York

    A square mile section of Cypress Hills, a northeastern subsection of Brooklyn’s East New York neighborhood, is set to house the first 15 sites of Mayor Bill de Blasio’s $41 billion affordable housing plan. But residents of the area, one of the poorest in the city, likely won’t be able to swing the cost of these “affordable” units.

    The median income in the district is around $32,000 per year, and the median rent of the planned affordable units citywide is to be between $1,050 and $1,670, Shai Lauros, director of community development for the Cypress Hills Local Development corporation, told Gothamist. [more]

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